One of my clients asked me to write this post, so I am going to be her voice today. She tells a story that I have heard from other woman.
Please think before you buy the rebound house. That is the home you purchase shortly after a divorce or the break up of a long term relationship. Go out and rent an apartment and give yourself some time before taking the plunge. When choosing a rental, take care and do your homework.
I have listed homes for a few woman who bought the home shortly after a break up. In each case they felt they owned if for a short time and felt they had made a mistake. They did not look at enough homes, they got themselves in over their heads financially, or they just paid too much for what they bought because they wanted to get on with their lives and in their haste failed to do their homework.
Buying a home is a big step, please wait until you are ready to make a big decisions.
That is a great little article. I have never seen this topic covered before, but I don’t have too much time to read around the net. This could make a huge difference in the lives of women who are already having a very bad time. Great post, and great advice. I’m going to save this one for future reference. Thanks – Karl
Thanks Karl – I am seeing this too often. A single woman, and a townhouse she bought two years ago that needs to be sold. Some mistakes are easier to recover from than others. Buying the wrong real estate can be hard to recover from.
Teresa,
This also happens to men. I had a few to many recently seperated men buy too quickly and regret it (although they won’t admit it). One major difference is that the men tend to buy to prove to all that they are O.K. (most aren’t).
Dave – I figured as much. I have not had many male clients that went through a break up before they bought their house so I did not address it. I have a friend who wanted to move after her husband died and I talked her into waiting a year, and she has stayed put.
This is a great post. I have had 2 clients in recent months who have fallen into this trap and now are financially strapped. I’ll use your post to back up my thoughts next time.
Thanks Barry the people that I wrote it for would like that very much.
Great article. Same thing can be said for any major change in one’s life. No point in rushing into anything when you aren’t sure what direction your life is going to take.