Worried About Buyer's Remorse?
We Got You Covered

Did you know that 75% of individuals that bought a home during the pandemic are now facing buyer’s remorse? Buyer’s remorse comes in all different shapes & sizes; whether an individual is feeling like they overpaid for the home, didn’t take enough time to see other homes in the market, or just don’t love the home itself, it’s become a common feeling among many people.

So, how does one overcome buyer’s remorse? Whether you currently have it, or you’re trying to avoid it with your next home purchase, here’s what we suggest:

Renovate Your Home With A Cash-Out Refinance Or HELOC

You may be thinking, why would I want to get a cash-out refinance or take out a HELOC in this market? If you look at the bigger picture, it could benefit your well-being and your checkbook in the long-run. Here’s two examples how:

1. Do you love your neighborhood, but not your home? You may be able to spice things up by getting a Home Equity Line of Credit (aka HELOC) to make those necessary repairs, change up the interior, or even add an addition to the home, such as a pool or home extension depending on what you’re looking for. Recent studies have shown that enhancing your current home can leave you feeling accomplished & less stressed out.
   
   
2. Do you want to eventually rent out or sell your home? A cash-out refinance could give you the edge you may need to get more “curb appeal”, update those appliances, or finish that basement. That way, you could potentially get top dollar from nightly or long-term rentals, or have peace of mind that you could potentially sell it for what it’s worth.
   

Secure The Perfect Home In This “Cooled Off” Market

The weather isn’t the only thing that’s cooling down! If you’re looking to go the other route by purchasing a home that’s perfect for your lifestyle, we recommend getting pre-qualified to buy a home sooner rather than later. There’s a handful of reasons why; there’s more inventory available, homes are sitting on the market for longer, & interest rates have risen since the “housing boom” during the pandemic.

At first glance, you may be thinking that high interest rates are a bad thing. But think of them this way; higher rates = less buyers. Less competition could mean that you could offer below asking price, and even request for seller’s concessions to help offset your closing costs. Remember, you could potentially refinance in the future to get a better rate on the home you love.

Whether you’re looking to buy, sell, or renovate, we’re here to guide you on the right path based on your needs. Contact a Castle & Cooke Mortgage loan officer today!

Sources:
https://finance.yahoo.com/news/didnt-want-wait-too-long-130000623.html
https://www.focusconstructiongta.com/can-renovation-help-improve-your-mental-health/