Buyers remorse???

[Mamabear1992]

Husband and I offered on a gorgeous house yesterday. Ticks all our boxes but is at top end of budget.

Have been talking it through for a month since we viewed it, and it's still on the market, so thought it was time to make the offer as we couldn't stop talking about it and haven't found anything else.

We have a first time buyer sold stc on ours atm and don't want to lose her!

Immediately as the words "I'd like to make an offer" to the estate agent came out of my mouth I felt super guilty and sick to my stomach.

The property is on for 550k, we offered 530k and it was accepted a few hours later.

Why do I feel so sick?? I'm not sure I even feel happy or excited. Just worried.

I’m not sure anyone can guess why you feel sick.

Could just be normal house move nerves/stress. Is it nearby? If so go and drive past it and see how you feel looking at the outside.

Why guilty? Because it's at the top of your budget?

I guess I'm just wondering if anyone else has felt the same making a huge purchase. I feel like we should pull out of the offer and it's been less than a day.

I think the pressure of needing to make an offer as you don't want to lose you buyer might be part of why you're so worried. You like the house, but you're only buying it as you don't want to lose your buyer.

Is there nothing else on the market? As it doesn't sound like this house is the one for you.

Don't worry. You haven't actually bought it yet. You need to arrange a survey asap. Then see how you feel. It's a huge purchase but you've obviously been thinking about it a long time and something is drawing you to this house. Do your sums carefully and take account of what the survey tells you, then decide if you are happy to proceed. I think it's normal to have nerves over such a big thing.

How would you feel if the estate agent called and said another buyer had gazumped you? If you think you’d secretly feel relieved you should pull out. If you’d be disappointed/heartbroken, then this is the house for you, it’s just the thought of spending lots of money that is giving you the collywobbles!

Is it the thought of change and the upheaval it brings more than remorse maybe?

You've just agreed to spend half a million. The numbers involved in house buying are scary. Unless you're seriously rich it is objectively a lot of money. Is that at the root of it? Plus the fear of getting it wrong, prices falling etc?

I keep having sweaty panics about our house purchase. Logically it is a perfectly reasonable decision, the house has everything we need and in the right location. Doesn't stop me freaking out every now and again though!

The idea of thinking about how you would feel if you got gazumped might help, if you'd be relieved then pull out now.

I'd be horrified because nothing else has come on the market that's suitable so we'd be stuck here in our perfectly serviceable but not quite right house.

We felt that way when we bought our first house, moving from our flat in London to a Surrey suburb where we knew no one, had to get new childcare, long commute, etc. house needed work and we’re not handy, no money for repairs etc. very happy we made the move but of course it is nerve wracking. It is a big change and often much much bigger financial commitment.

go into it with a positive mind set. Picture yourself in the garden, picture yourself in the kitchen etc. positive thoughts

Can you go and view again just to confirm how wonderful the house is?

to be fair i think even if it was my dream house id hate to offer on it because you know that the amount of money is crazy. It depends really on whether you actually want the house or not. Figure out the pros, cons and whether its something thatll just do or whether its the house you actually want. Doesnt have to be a dream house but just something your very happy with