Some years ago, my husband and I bought our second home. We found what we thought was a great house, made our offer, and then entered into a contract. Later the next day, I began thinking. The home seemed dark inside… so many trees. And we’d have to repaint and re-carpet… hmmm how much was all that going to cost? And the den, with all those dark beams running across the ceiling, they would have to be removed. Suddenly, I was besieged with fear. What had we done? I was in a full fledged panic now, and was feeling trapped by the contract. This house was just all wrong! I wanted out!
I had a good case of what we in the business call “buyer’s remorse”. And this is where many deals are lost, or buyers get themselves into trouble.