Recently, I was helping a homebuyer who was about to close on a property.
On the day of funding, one home buyer had a small emergency at home. He panicked and was about to cancel the property transaction he had already made.
I conveyed to the homebuyer that he should not take action based on one small incident. He should assess the situation on the whole and go back to the primary reason why he was buying the property.
The buyer came back the next day, apologised, and went ahead with the property transaction.
The lesson from this is to never make decisions when faced with small emergencies. It is best to wait, think, and then make a decision instead of being impulsive and regret later.
It's a fact of life that things happen. But we should be prepared for such small emergencies.