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Key takeaways. Home equity is the appraised value of your property minus the amount of your outstanding mortgage balance — the portion of your home that’s 'paid for'.
The regret you feel in the pit of your stomach after spending a small fortune on a home has a name. It's called buyer's remorse, and it's a lot more common than you may think. Thankfully, there are...
Anti-consumerism. Buyer's remorse is the sense of regret after having made a purchase. It is frequently associated with the purchase of an expensive item such as a vehicle or real estate. Buyer's remorse is thought to stem from cognitive dissonance, specifically post-decision dissonance, that arises when a person must make a difficult decision ...
Buying a house isn't like buying a $500 handbag. Having buyer's remorse? You can take that handbag back to the store. But if you've already signed the contract to buy a house, it's a done deal.
Caveat emptor ( / ˈɛmptɔːr /; from caveat, "may he/she beware", a subjunctive form of cavēre, "to beware" + ēmptor, "buyer") is Latin for "Let the buyer beware". [ 1] It has become a proverb in English. Generally, caveat emptor is the contract law principle that controls the sale of real property after the date of closing, but may also ...
How buyers and sellers are navigating real estate’s seismic shake-up. When Dana McMahan sold her home this spring, she decided to try to maximize her take-home profit by skipping out on the help ...
Cooling-off period (consumer rights) In consumer rights legislation and practice, a cooling-off period is a period of time following a purchase when the purchaser may choose to cancel a purchase, and return goods which have been supplied, for any reason, and obtain a full refund. [ 1]
For well-qualified buyers with money to put down who can afford a mortgage at today's rates, it may make sense to jump in now when demand is still constrained by high rates. If Pulte and Corcoran ...