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Buyers Remorse >The Blues of Buyers
Here is an illustration of what you might go through as a homebuyer when the real estate agent calls to say that your offer has just been accepted.
Although you are ecstatic when your agent congratulates you, your initial euphoria may be short-lived if you begin to have second thoughts about the purchase. You may look at the amount of cash required for the down payment and closing costs, and feel that you won't be able to enjoy a restaurant meal or a shopping spree for months! The mortgage added to the interest payments over thirty years seems like an outrageously high sum. Finally, you stare at the inspector's report and convince yourself that the roof will blow off and every major system will fail the day after you move in. You're in a frenzy. You ask yourself, "What am I doing?"
If you begin having doubts about your home purchase, the wisest approach is simply to relax! These feelings are so common that they have been given a name--"Buyer's Remorse." "Buyer's Remorse" is almost always a temporary malady, so please call your real estate agent if you are having an extreme attack. Your agent has experience in helping clients through the home-buying jitters.
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| Q |
What is a "jumbo mortgage"?
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| A |
The term "jumbo mortgage" currently refers to a mortgage loan in excess of $359,650, although the threshold amount may change as the market fluctuates. |
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Kimberly Zimmerle
Realty Professionals
103 South Horton Hwy
Chapel Hill, TN 37034
931-703-1434
Fax: 931-364-4225
kimzimmerle@BestImageAgent.com
Kim Zimmerle is a full time Affiliate Broker who has been buying, selling, renting and listing properties in the Middle Tennessee area. She has experience in rural and urban, residential and land transactions. She enjoys working with people and has a personal relationship with her clients and understands their need and wants. Her ambition as a realtor is meeting dreams and goals of her clients with integrity, knowledge, dependability, experience and trust. She also represents Prime Builders a custom builder specializing in the design and construction of homes created with unsurpassed craftsmanship.   
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