My husband and I have been casually looking for a new home for almost a year now. We either dont love the home or get significantly out bid with terms we can't compete with. We finally found a home that is in our preferred neighborhood and didn't get bid up. It actually feels like we were getting in under market value which obviously never happens in this market. It does need some major repairs (windows, siding, doesn't have any overhead lighting), but we can find most of this with proceeds from our current home. I started looking at new daycares for my son and just never felt the same love and excitement that I have for our current daycare. I freaked out about moving my son (for more context he just got a little sister a couple months ago so this feels like another big change to not be confident about) and backed out of our deal in the last couple hours of inspection period. I woke up the next day and regretted it. It feels like I'll never find this good of a house/deal again for something we could picture our life in. Was I overthinking the daycare piece? Our current neighborhood is SO walkable and family friendly, but we started looking to move because my commute is over an hour each direction. I would be about 10-20 mins closer (depending on traffic) in the new home, giving me a little more time to spend with the fam or take care of myself. I know my current home is not the forever home, but feeling extremely emotional about another family living "our life" in it.
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source https://www.reddit.com/r/RealEstate/comments/1g7tqh8/backed_out_of_real_estate_offer_and_regret_it/
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