Buyer's Remorse
Your offer has just been accepted. Congratulations--you
are about to become a homeowner!
Your initial euphoria may be short-lived however,
as you begin to have second thoughts about the purchase.
First, it's the mortgage. It seems like so much money,
and it will take twenty five years to pay off. You look over the
cash you will need for the closing and feel like you will never
be able to afford another holiday.
Finally, you stare at the Home Buyers Survey and convince
yourself that the roof will blow off and the boiler will blow up
the day after you move in.
You're in a frenzy. You ask yourself, "What have
I done?" The best thing to do if you begin having "second" thoughts
is just relax!
These feelings are so common that they have even been
given a name--"Buyer's Remorse."
"Buyer's Remorse" is almost always a temporary malady,
but call us if you are having an extreme attack.
We have experience in helping our clients through
the home-buying jitters.
Seller's Remorse
After just a week
on the market, we find you a terrific offer to purchase your house--it
is less than the asking price, but more than you expected.
The buyers were
reasonable and well qualified. After talking with your agent, you
decide to accept the offer.
After the agent
leaves, you start thinking about what you have just done and feel
terrible.
You wonder if you
acted too quickly--maybe you should have waited for a better offer.
You fear that the
buyers will let your garden go to seed or pull down all the beautiful
wallpaper that you recently put up.
These fears are
such a common phenomena that they have been given a name--"seller's
remorse"!
It is perfectly
normal to feel this way, especially if you are selling a home where
you have lived for many years and which holds many memories.
"Seller's remorse"
is almost always temporary. It is quickly replaced by the excitement
of moving into your new home
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