None of that stuff is the real cause of your stress, the relationship between you and your Realtor isnâ€™t as strong as it should be, that is the foundation of your problem. Buy lunch for your agent, block out a couple of hours to spend with each other, make notes before the meeting about your desires, needs, past, future plans, etc. Let them get to know you but more importantly get to know them. It is the fear of the unknown that causes stress, eliminate it and you will relax, good luck,
NMLS # 6395
Financing Kentucky One Home at a Time
Are you working with an agent? Buyers regret is a common issue. It would be helpful to know what other homes that are similar to yours have sold for recently to know if you are getting a fair deal. Usually this is done by your agent prior to writing an offer.
Regarding the foreclosure, it may bring the value of your home down, but it may also have needed a lot of repair to bring it up to the same value as yours. It is very hard to know without having seen it.
Overall, the North Liberty market is an excellent place to invest your money. And newer zero-lots have been reselling well in our area for more than a decade. The National Association of Realtors Chief Economist is predicting a housing market recovery over then next 1-3 years. This is excellent news! And has stated that now is the best time to purchase a home in recent history due to affordability and low interest rates.
All of this makes me believe that you will not regret your purchase, but without knowing the details, there is no way for me to know if you are getting a fair deal.
That being said, if you cannot come to agreement within the inspection clauses of your contract, you may be able to walk away with your earnest money in tact. But please, please be sure this is what you want to do. If North Liberty is your location of choice, housing is tight and finding another home may be difficult.
I hope this is helpful. If you do have an agent, please discuss this openly with him or her. They will certainly be able to help address your concerns.
Best of luck!
I wish you peace with your decision