Seller’s Remorse..It Happens

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Buyer remorse is a common occurrence, but for some reason, we’re now experiencing some seller’s remorse.  In the past, sellers were very excited when that offer was presented.  Now they sometimes want to think twice about everything.  Just a sign of the times.

Via Cindy Westfall ABR,GRI Your Tualatin REALTORĀ® (Prudential NW Properties, Portland Metro & Suburbs, Oregon):

Seller’s Remorse..It Happens

So you take a listing, you do all the initial things in your 30 Day marketing plan that you said you would..ya know like:

Seller's Remorse..It Happens* Going over a detailed Market Analysis with the Seller to price the home where it needs to be.

* Taking pictures, and uploading the home info, pictures to the MLS, Website,creating a Youtube video, Uploading pics and info on other sites such as Trulia etc., and blogging the listing to name a few.

* Getting the sign up, creating a personal QR code, getting flyers into the flyer box and holding a Brokers Open.

Imagine then that within that first week your seller gets a couple of offers and accepts one. You’d think they would be thrilled to not have to have buyers traipsing through the home for a while, keeping the home show ready at all times, and worrying about pets right?

Most of us know about the buyers remorse..the angst that is all too common after they make an offer and wake in the middle of the night wondering if they made the right choice…will another house come on the market that’s “their” home or did they offer too much..not enough??

Seller’s Remorse..it happens as well…we just don’t really talk about it as much as most Sellers are thrilled to get offers in this market. BUT…here’s the thing, maybe in their minds they thought they would have MORE TIME before an offer came in. After all the media tells them everyday how most homes take a long time to sell right? So now the panic mode sets in and they’re thinking “OMG I need to get the home packed up in a month!” They’re thinking …”did we agree to sell their home too low and “Where the heck are we going to live???” Oh..that Seller’s remorse can hit them too!

If you’re a Seller and this happens to you, remember why you decided to sell your home. If it’s a necessity, than odds are you know the gig and unless it’s a childhood home with lots of memories, your remorse might not be so bad. If you didn’t really HAVE to move and are now re-thinking your decision to sell, know that when you sign a contract with a buyer, it is a legal and binding contract..so you need to really know your motivations BEFORE LISTING. The sales agreement has lots of areas where a buyer can back out, but it is a bit harder for a seller once a contract with a buyer is signed.

You just never know..an offer or two just might come in a LOT sooner than you thought..so be prepared and know that Seller’s remorse happens and is quite normal. Communicating with your real estate agent is key to working through this.

 

 

 

 

 

 

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cindy westfall portland realtor

Cell: (503) 819-5241 | email me
www.cindywestfall.com

Prudential Northwest Properties
5 Centerpointe Dr., Ste 150, Lake Oswego OR, 97035

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About susanmorrison

After living in Walpole, MA for many years, our family was transferred to the west coast when I was a senior in high school. In 1983, I graduated from Mission San Jose High School in Fremont, California. I am also a 1987 graduate of Providence College with a major in liberal arts and a minor in business administration. I bring to the table many years of sales experience beginning with thirteen years in Corporate Sales at Delta Air Lines. I'm the mother of three children and I'm very active within the Franklin, MA community. I am also a cancer survivor and support the American Cancer Society Charities.

My husband and I have built five homes and I've lived in a variety of other locations including Toronto Canada, Irving Texas and my current home in Franklin, MA. As a result of all my moving around, I came to the conclusion that I was an expert at moving...why not become an expert on the other side of the table? I earned my real estate license in 2004 and believe that I have found my true niche'. I can empathize with my clients on a variety of levels; whether they are buying or selling. And, like so many other good realtors out there, I believe that possessing good communication skills is one of the many keys to success.

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