Why do Home Buyers Sometimes Get Cold Feet?
Posted by Jolenta Averill on
Buyer’s remorse – it can happen to anyone, especially when what you’re buying costs a whole lot of money. And, yes, it happens to homebuyers, more often than you may realize and especially during buyers’ markets when there are more homes for sale than buyers in the market. Psychologists even have a term for this: The paradox of choice. They say that when the number of choices available increases, so does the buyer’s stress level.
Think back to the last time you shopped for a car. Unless you knew exactly what car you wanted, you may have gone back and forth, weighing the pros and cons of different models. When you finally settled on one, did you have that little voice nagging you – “What if I’m making a mistake? Maybe I should’ve bought the…
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