What Is Seller's And Buyer's Remorse?

Added August 31, 2005 by ThinkGlink.com Staff

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Summary: Remorse is normal for both home buyers and sellers. Here's what to expect.

Q. What is seller's remorse? What is buyer's remorse?

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.

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