• My Property Partner

How to Avoid Buyer's Remorse Using the MPPA-Lite App

Updated: Feb 1, 2019

Using a building inspector app to help avoid buyer's remorse is fast becoming standard practice with smart home buyers.

Everyone has experienced buying something and later realizing they don’t really like it at all. It can be something trivial and small, like an electric-powered tool, a mobile gadget or a purse. As long as the warranty allows, you can return items just by finding the receipt and taking them back for a refund. While buyers’ remorse is something common when it comes to day-to-day shopping, the feeling is entirely different when purchasing a home.

It’s the largest investment you’d probably make in your lifetime, where you have decided to stay and spend the years of your life with your family. This isn’t something you can ask for a refund once you have discovered it’s not what you wanted. If you are interested in buying a property, buyers’ remorse is something you’d want to avoid. As you shop for your new home, make sure you stay grounded with your ideals by following these reminders:

A. There’s a difference between owning and winning. Often buyers are in a competitive situation wherein they just want to win over other buyers in a multiple offer situation. Putting a practical offer on a home is reasonable. But make sure that the purchase price does not exceed your price limit. Always choose a home within your budget.

B. Go see the house, walk through every room. No matter how attached you are to a property, if you have only seen it once, you may be headed for buyers’ remorse. Go back and inspect the house differently for the second time, or the third. You may have missed something in your first viewing. During your inspection, make sure you take note of the floor plan, its condition and size. To do this properly you’ll need to take off your ‘Rose Coloured Glasses’ Using a DIY property inspection app like MPPA-Lite that is child’s play to use and will guide you through the inspection room by room and item by item and keep you focussed on what is really important and you can include photos of interest as you go on your phone or iPad. Not forgetting to inspect the outside areas of the property including the garage, attic and basement.

C. Inspect the home privately. Visiting a property along with other potential buyers isn’t exactly the best way to inspect it. You may feel cramped, rushed and intimidated. Because this property might soon be yours, you want to “test” it out if you have any connection with it. You might want to sit in one of the rooms, look out the windows, and imagine how you’d feel if you wake up on that bed.

D. Review the report and photos analytically. After your visit, you may want to visit the listing photos to refresh your memory. But at this point, you may realize that the house’s charm is different after seeing it personally; was the colours entirely captured in the photo? Are the rooms really that big? Compare the snapshots with the ones you have captured with your property inspection software and evaluate.

E. Is this the home you really wanted? You may have wished for this property for more than a year and here comes a chance for you to buy it. However, your view may change once you’re in the market; another area might give you more for the money, or the property needs a lot of repairs you haven’t budgeted for.

If you are convinced that this property is right for you, then go ahead and buy it. However, if you have even a little doubt about getting this house, you might want to try your other options and see if something else fits your needs and wants. Always bring your handy property inspection app MPPA-Lite with you to help you scrutinize every nook and cranny and help you make the right decision.

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