What is Buyers Remorse?
Buyer’s remorse is the term given to the feeling a person often gets after making a large purchase. Although excited at the time of the purchase, once they’ve spent a lot of money, many people feel a deep regret and concern that they made the wrong decision, referred to as buyer’s remorse. Buyer’s remorse takes many different forms, most of them typified by a high level of anxiety, usually about having made the wrong decision. Sometimes buyer’s remorse strikes when a person makes a purchase they may not have actually had the money or credit for, and after buying it they begin to realize that they were living well outside of their means, and worry begins to grow over the consequences. This is especially true of purchases such as buying a new home, which is one of the most common triggers for buyer’s remorse, due in no small part to the huge amounts of money usually involved. Buyer’s remorse may also focus on the worry that a purchase was made at the wrong time, and that by waiting a bet
A. Buyer’s remorse and seller’s remorse are the emotional undertows of a residential house deal. These backlashes of feeling usually come right after the deal is struck, though they can happen at any time in the transaction, from the moment an offer is accepted to months after the closing. Buyers and sellers basically feel the same emotion — remorse — from opposite sides. Those who experience buyer’s remorse feel as though they’ve paid too much for a property or have taken on more debt and financial obligations than they can afford. Symptoms include staying awake all night and worrying whether or not you’ll ever be able to afford to take a vacation again. © Ilyce R. Glink. All rights reserved. This content may not be used, distributed, syndicated, compiled or excerpted in any medium or form without written authorization from Think Glink, Inc. For information on syndicating ThinkGlink.com please contact us.
