Question

When Dave worked in real estate, he found that when they explained buyer's remorse to home buyers upfront it cut contract losses ___________.
By a third
By a quarter
to almost to nothing
By 10%

Answer 1

Answer:

The correct answer is "to almost to nothing".

Explanation:

When buyer remorse is explained to homebuyers in advance, it reduces contract losses. This is because when a buyer makes a large expense or a large investment of money, over time new questions arise about the opportunity cost he or she faces.  This is normal consumer behavior, so if explained before purchase, the buyer can anticipate this problem.

Have a nice day!

Answer 2

Buyers remorse is when you make a purchase, usually large and/or sudden and you regret the decision.  Most buyers need to think about the decisions they make when they effect them monetarily in a large or quick way to make sure they are on 100% committed to the purchase. If they are not 100% on the purchase, they shouldn't make it due to having remorse against it.