Imagine you finally find the house of your dreams. It has everything you hoped for in a home, from the right countertops to the right landscaping. You spend hours envisioning the parties you'll throw in the backyard and the baths you'll take in the clawfoot tub. But fate intervenes. For some unfortunate reason – perhaps a fierce bidding war or a fickle owner who decides to stay put – deal falls through. How do you recover?
1. Get right back in the saddle
If you must have a pity party, do it quickly. Perhaps a quick toast to what could have been, then dive straight back into search mode. In today's market, things move fast. You don't want to miss an even better home while you're mooning over photos of the lost listing.2. Don't dwell on one dwelling
Delete the listing of the home that got away. Erase the pictures you took with your phone when you toured. Do your best not to compare new homes to the one you lost. There are lots of homes with lots of new possibilities. Keep an open mind.3. Don't settle
Don't let your frustration push you into a hurried purchase of the next available property simply to get the process over with. Stay true to your shopping list and be realistic of features you need and want.4. Re-evaluate your budget.
Take another look at what you can spend and what the homes you're looking at have been selling for. Do you need to add cushion to be more competitive when making an offer? Or do you need to start looking at a less expensive neighborhood to find a home that has everything you want?5. Talk to US!
We'll be by your side with suggestions and advice for surviving the lows – and highs – of your real estate journey.Please consider The Myers Team your resource for all things real estate. We have over 30 years of real estate experience, specializing in the Montgomery County area. If you are refinancing, want a recommendation, need a service provider or just have a home related question, please give me a call at 301-910-9910 or email me at bobmyersteam@gmail.com.
