Are you one of those homeowners who is living in the wrong house? Purchasing a house is a huge commitment. There are a lot of factors that go into the process of finding a new one. You’ve selected a house in Nashville with the must-haves and might have made some compromises, but how do you know you’ve made the right choice?
When you pull into your driveway, do you have a tiny sinking feeling that you wish you didn’t buy this house? Did you have a high-pressure deadline when you made your decision? Did you really do enough shopping to see all the possibilities? Did you explore different areas and keep an open mind, or did you only look in one location? Do you find that your house is really too small to be functional? Or do you think, why do I have so much space? These are all signs that you have buyer’s remorse.
The good news is that for many people the buyer’s remorse fades once in the home and it is decorated with their belongings. For others, the remorse never leaves, and if the sick feeling does not go away, some people literally do get sick over their purchase.
Doesn’t Fit In The Budget
Eating beans and cornbread almost every night in order to pay the mortgage was NOT what you had in mind when you pictured yourself as a homeowner. Is the house more of a fixer-upper than you realized? Did you end up putting more money into house repairs than you planned on? Maybe this house doesn’t allow for enough entertainment or savings as you hoped. Perhaps your homeowner’s insurance was more expensive than you planned. Or maybe the HOA fees shot up in price overnight. These are all signs that this house doesn’t fit your budget and you are probably living in the wrong house.
Maybe the house does fit your budget, but what about the neighborhood? Are you able to hear the television over the neighbor’s blaring music? Is there a lot more traffic going by your house than you realized? Does the train wake you up way too early every morning? Do you find yourself shopping in stores you don’t like because your favorite chain grocery store is too far away now? A growing problem in some parts of Nashville is increased crime, and you had no idea this would threaten your new neighborhood. These are all signs that your neighborhood might be an issue and maybe living in the wrong house.
Does your new house have well water? When you purchased it, you were happy to not pay high utility bills, but now you realize you are responsible for any well system repair. What if you have to redrill and move the well system? Do you hate lugging around water softener, or having to pay a company to come out and do it for you? Is your municipality planning a utility or sewer expansion in your area, and now you have to add another $20,000 to your tax bill over the next few years? These are signs you might be living in the wrong house.
Perhaps you are totally fine with the house you just purchased, you love your neighborhood, and you have no pending utility issues… but you just noticed a crack along the floorboard by the front door. Maybe you dismiss it for the caulk shrinking… and then a few months later, it’s a little bit bigger… and bigger… is your foundation sinking? Maybe there are new cracks by the windows or new water stains on the ceiling… these are all small indicators that your house might have some structural issues. Also, these are signs that you might be living in the wrong house.
How To Escape The Wrong House in Nashville?
The Nashville area and Tennessee, in general, have plenty of cash buyers for houses in any shape. These buyers are a great option to get out of your wrong house ASAP, but prepare yourself to accept less than retail price. They will save you a lot of time and hassle by taking the house off your hands. You might be able to restructure your mortgage or transfer your loan to another lender. If you feel you’ve been intentionally misled by the seller or real estate agent, you can file a lawsuit against them, or the inspector if their report didn’t include the major structural issues (check with your lawyer). If now isn’t the right time to ditch the wrong house, perhaps renting a room/the house out might be a good idea and sell when the market is best. Do keep in mind, using a real estate agent can help you to get out of the house rather quickly but at a steep cost, commissions, and closing fees.
It might help you to read another article we have prepared called “6 Misconceptions People Have About Owning a House They Don’t Want“. If you feel owning your home is actually hurting you, please read our article “5 Ways Owning the Wrong Property Can Hurt You.” Bottom line, if you are living with a home you are not happy with, then it is time to part ways. It is that simple! Staying in a home that makes you unhappy or even ill is not healthy and can lead to other serious issues including mental and physical sickness. Your health and happiness are worth so much more than a house. Do act now to save yourself. Life is much too short to live in a house you are not happy with.
Give Southern Homes Investments a call at 615-500-4466 or send us a message to discuss signs you are living in the wrong house in Nashville TN. We are a direct buyer of homes throughout the Middle Tennessee area. We buy houses fast with cash and even pay your closing fees. You will not have any fees or commissions to pay at closing. To read more about Southern Homes Investments and how we work with sellers, please visit our website at www.SouthernHomesInvestments.com.
Disclaimer: David Wright is a licensed real estate agent in Tennessee and this article is not a solicitation to list your house.