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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