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What is “buyer’s remorse?” : Mortgage Loans, Rates, Home Buying, Selling, Foreclosures

What is “buyer’s remorse?”

With some frequency it happens that buyers often have a sense of remorse after contracting to buy a home.

Why?

A home is a very large purchase. Not just in terms of dollars, but also in the sense of status, ego, and commitment. And because buying a home is such a transforming event, it naturally and reasonably causes some concern.

But, not to worry. Buyer’s remorse typically passes in quick order.

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