Austin TX Real Estate - Hill Country Austin Lakeway Homes for Sale: Woulda Coulda Shoulda Can Drive you Nuts!

Woulda Coulda Shoulda Can Drive you Nuts!

Don't we all ask about the Woulda Coulda Shoulda every once in a while?

If I woulda taken this short cut, I coulda saved a couple of minutes...

If I coulda met with the buyer on this day instead of that day, they shoulda gotten an offer accepted...

If I coulda talked with this person, I woulda saved a lot of time and energy...

If I woulda locked in my rate on this day, I coulda saved so much over the life of the loan...

Every situation has a Woulda Coulda Shoulda, but you can't live your life always thinking back.

When I first found out last summer we were going to move, rates were at 6.75%.  YIKES!  Those are high rates!!  Comparatively speaking. When I first got into real estate back in 2000, an 8% was considered a good and "low" rate.  The rate on my first house was 7% and I thought that was awesome.

But to have to "suffer" with a 6.75% was a lot to take. 

Back in the summer of 2005, I bought a house and eTrade was offering a loan that you could take with you on your next purchase. There was no time frame in using this rate.  If you moved in 2 years, you could take it with you.  If you moved in 20 years, you could take it with you.

At that time, in order to obtain the movable loan, eTrade was charging about 1/2 point.  Then we had to run all the scenarios as to why we would want to pay $X amount each month for the "just in case" rates went up when we bought in the future.  The rate was "only" 5.5%.

Last summer, my husband and I were kicking ourselves over and over again about "We SHOULDA taken that movable rate!  We COULDA saved so much money if we WOULDA done that!"

It took 9 months for our house to be built.  Do you know what happened in those 9 months?  Rates dropped and dropped and dropped.

Even though we beat ourselves up over and over again during all these months, we watched rates drop below the movable rate, and even below the rate on our last house.  Between the original rate of 6.75% and the rate we locked in at last month, we're saving approximately $500 a month!

Once rates dropped below the movable rate of 5.5%, we then "flip-flopped" saying how glad we were that we didn't spend the extra money each month to be able to move that rate.  The difference between the movable rate and the previous rate we locked in was about $400 a year.  We were in that house for 3 1/2 years.  That's $1400 extra we would have paid to NOT be able to use it for that "just in case" scenario.

So, even though we spent months kicking ourselves, it turned out to be the better decision in the end.  Second guessing every decision and choice you make is not good. You can't go back in time and change them.  You can't run every "just in case" scenario and expect to always come out ahead.  Just listen to your instincts, and you SHOULD be fine.

**Are You Packed Yet?**

Donna Harris, REALTOR®
RE/MAX Austin Skyline
www.DonnaHomes.com
Donna@DonnaHomes.com

Austin, TX and the surrounding areas of Lakeway, Bee Cave, Westlake Hills, Cedar Park, Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in between... Whether you're buying or selling, I'll be with you through the entire process.  

Comment balloon 17 commentsDonna Harris • May 19 2009 02:48PM

Comments

Great post! No second guessing allowed - make the decision with the information you have, and move on!

Posted by Tim Bradley, Commercial Real Estate Expert in Jackson Hole, WY (Contour Investment Properties) over 9 years ago

Wow good move on the rate. I am trying to let go of any woulda, coulda, shoulda's today.

Posted by Chuck Carstensen, Minnesota Real Estate Expert (RE/MAX Results) over 9 years ago

I'm a mover (a will and a can) and a quick decision maker. Not everyone is that way, however. Nice post.

Posted by Melissa Zavala, Broker, Escondido Real Estate, San Diego County (Broadpoint Properties) over 9 years ago

You are so right Donna...but easier said than done! I try my best ;-) thanks for the reminder!  There is a reason for everything!  No more woulda, coulda, shoulda for me!!!

Posted by Jeanna Martinez (RE/MAX Access) over 9 years ago

Another way of saying this is, "Thank God for unanswered prayers!" 

Posted by Barbara S. Duncan, GRI, e-PRO, Executive Broker, Searcy AR (RE/MAX Advantage) over 9 years ago

I woulda, coulda, shoulda sometimes works out for the better doesn't it? There is a reason that you didn't do it and now you know.  It worked out for the best, but in the mean time you had to mull it over awhile.

Posted by Lyn Sims, Schaumburg IL Real Estate (RE/MAX Suburban) over 9 years ago

Tim, That's how I am, but try telling that to an engineer husband!

Chuck, That's great!

Melissa, For the most part, I'm a quick decision maker, but not when it effects more than just me.

Jeanna, I'm glad to hear you're moving on!

Barbara, Exactly!

Lyn, A LONG while, but you definitely have a point.

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) over 9 years ago

Hey Donna, 

If you think I shoulda, coulda, woulda too much, Maybe you need to think about decisions more thoroughly. Otherwise you can't dwell on the past. Take your new found knowledge and apply it to the future.

-Lisa

Posted by Lisa Udy, Logan Utah Realtor ( Platinum Real Estate Group) over 9 years ago

Lisa, Thank you.

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) over 9 years ago

Hi Donna... We all have to make the best decision that we can with the information that we have at the time we make the decision... and then move on.  I think it's counterproductive to second guess each decision we make.  You're right woulda coulda shoulda CAN drive you nuts.

Posted by Steve Shatsky over 9 years ago

Steve, What's hard is when the unforeseen happens in the future, and you second guess the previous decisions you made.

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) over 9 years ago

Donna,

Great blog.  No need to look back.  When you pull the trigger you can't take the bullet back.

Posted by Richard Weeks, REALTORĀ®, Broker over 9 years ago

Richard, You make a good point!

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) over 9 years ago

Sounds like everyone has already told you not to dwell on the past.  So I will just say HI DONNA!  I hope Austin is treating you well.

Posted by John Cannata, Texas Home Mortgage - Purchase or Refinance (214-728-0449 http://TexasLoanGuy.com) over 9 years ago

John, HI right back!

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) over 9 years ago

Prime example of a situation working out in the end.  Thank God.

Posted by Angelia Garcia (Pure Realtors) over 9 years ago

Angelia, And they've been so appreciative, which makes it better!

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - TexasRealEstateMediationServices.com) over 9 years ago

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