| Buyer's remorse, in real estate, occurs when your | | | | transfer that fell through, unexpected spousal |
| buyer tells you he has changed his mind and no | | | | separation, illness of a family member, didn't like the |
| longer wants to purchase your home. Often, the | | | | neighbors when he spoke to them, and a myriad of |
| buyer will simply stop returning your calls and refuse | | | | other things that have gone wrong since he signed |
| to speak to you. Even worse, he may act as if all is | | | | your sales contract. Even if his excuse is true, you |
| well, string you along for weeks, and finally just not | | | | now face the dilemma of having to resell your home |
| show up for the closing. | | | | and incur the additional expenses of carrying the |
| Usually this issue occurs when the buyer realizes he | | | | property for several months or longer. Even if you |
| can not afford your property. Or after signing a | | | | are able to rapidly resell your home again, you will |
| contract with you, he may also have continued | | | | have been delayed by at least thirty days and have |
| shopping and found another property he prefers. | | | | the loss of carrying your home longer. |
| Frequent excuses for not closing usually include a job | | | | |