What does Buyer's Remorse mean?

This is a feeling of regret or remorse that a buyer may experience after making a purchase, often due to the realization that the item is not as desirable or useful as they had thought. In the context of real estate, buyer's remorse can occur when a buyer realizes that they have made a mistake in purchasing a particular property.

Related Terms

PRE -ALTA Incurable Defect Trust Account Passive Loss Cloud on Title Non-Recurring Closing Costs As-Is Amortization Earthquake Insurance Reverse Mortgage Net Rentable Area Building Line Or Setback Live-Work Space Leasehold Estate No-Documentation Loan Maintenance & Emergency Repairs Historic Preservation Special Assessment