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Christopher Pugh
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Getting Over The House That Got Away

Losing your dream home to another buyer can be upsetting, but the important thing to do is bounce back. Here's how you can do it.

Whether you were outbid, ran into financing issues, or passed on a home and later regretted it, it's not uncommon to feel upset when buying a house doesn't work out. While there's no point in obsessing over the past, sometimes we can't help but think about what could have been.

The following five tips will help you accept what happened, let it go, and begin focusing on your future.

  1. Accept the Way You're Feeling
    While some people might try to tell you it's no big deal, if you're still feeling upset about the situation, then it is a big deal to you. There's nothing wrong with feeling bummed about losing your dream home, and minimizing it won't help make things better. Acknowledge your feelings and start working on a plan to get over them.
  2. Don't Feel Ashamed About What Happened
    No matter what caused you to lose your dream home, there's no need to feel embarrassed about it. Instead, take a deep dive into what happened and see what life lessons you can learn from it.
  3. Stop Dwelling on the Past
    Unfortunately, after an opportunity passes you by, there's rarely anything you can do about it. Torturing yourself or passing blame isn't productive.
  4. Celebrate Your Current Situation
    Even if it's not perfect, look for ways to enjoy the home you're currently living in. Find something to love about your current home and remind yourself of it whenever you start feeling depressed. Make yourself more comfortable in your current situation by sprucing up your home with a fresh coat of paint or some inexpensive decor. If it looks like you're going to be in the house for a while, consider a remodeling project or invest in some landscaping to make it more inviting.
  5. Set New Goals and Create a Plan to Reach Them
    The best way to get focused on your future is to create a new set of goals and start working towards them. You should re-evaluate your priorities and make a plan to ensure your next home search is successful.

    Before you return your focus to buying a house, take some time to make a list of the exact features you want. This will help narrow down your property search and avoid some of the hesitations that might have contributed to the previous situation.

    Also, ensure that your credit scores are decent and that you've saved a sufficient down payment. Getting pre-qualified before you start looking at houses will help avoid any surprises and possibly save you from the heartache of having your dreams dashed again.

When it comes to buying a house, having a great real estate agent by your side can make a huge difference. The right professional will help you find the perfect home in your price range and assist with the negotiation process.

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