Buyers’ Remorse: Breaking Down Homeowner Regrets

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Buyer’s remorse creates cold feet. It’s worse than walking in the snow in skimpy shoes without socks. After you’ve received the good news that you’ve just bought a home, it’s not unusual to develop buyer’s remorse, or what real estate agents call cold feet. This cold feet syndrome happens all at once.

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Dealing With Buyer’s Remorse in the Purchase of a Home More people than you might imagine feel buyer’s remorse during the home buying process. It is not unusual for buyers to have second thoughts after the contract to purchase has been signed.

Buyer’s remorse is the sense of regret after having made a purchase. It is frequently associated with the purchase of an expensive item such as a vehicle or real estate. Buyer’s remorse is thought to stem from cognitive dissonance, specifically post-decision dissonance, that arises when a person must make a difficult decision, such as a heavily invested purchase between two similarly appealing.

"After you make the purchase, however, the approach motivation system calms down. At that point, avoidance concerns like worries about money can come to the forefront. They are the most frequent cause of buyer’s remorse. One way to avoid this phenomenon is to buy things with cash rather than credit cards.

Homeowner Regrets (a.k.a. Buyer’s Remorse) A recent survey of thousands of Americans found what many of us refer to as "buyer’s remorse" among homebuyers. While I’m not fond of rehearsing people’s pain, the top five homeowner regrets are instructive to those who are considering a home purchase.

Buyer. remorse often surfaced and dwelled as I waited for anything to justify my Wii U launch day purchase. With no games in sight, only 10 months later did Nintendo fans finally see Pikmin 3.