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Watching The Nice House Sail Away

By
Real Estate Broker/Owner with Homes By Cross, Inc.

Sometimes buyers become disengaged in the home buying process and decide to wait.

A flurry of initial activity filled with “I’m ready to buy”, turns into a pile of doubt that is almost inconsolable from the agent. Often this malaise leads to the one house they really liked, but hesitated on, going under contract to another buyer. Live and learn.

Fear of loss is a motivating factor when hesitant buyers become reengaged. This stop and start process can also cause agents to experience a form of “whiplash” as well.

Many times I have seen clients start as if they were going to the store to buy a refrigerator only to become dazed with information overload. Fortunately for them, they engaged an experienced agent to guide them through their fog.

Nice houses sell themselves. Acting as a buyer agent, I don’t sell my clients on a particular property. Rather I provide all the peripheral information so that an informed decision can be made.

Emotions can play a larger role in decisions if left unchecked. These emotions run both ways. Many buyers think these emotions are unique to them. Normally a sense of relief is given, when I give the reassurance that they aren’t the first to experience the jitters.

Having watched a fleet of homes sail away from past buyers, I know this is actually a good thing when it comes to reengaging buyers and getting them to an agreeable conclusion. I simply remind them not to miss the boat on the next one.

Homes By Cross, Inc

 

 

 

 

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Comments(12)

C Tann-Starr
Tann Starr & Associates, Inc. - Palm Bay, FL

Very well said, my friend. :-)

Jun 23, 2009 05:39 AM
Claude Cross
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale

Thanks C - I've been away for a week spending high quality time with my DAD. Your comments are always welcome.

Jun 23, 2009 06:45 AM
Irene Kennedy Realtor® in Northwestern NJ
Weichert - Lopatcong, NJ

Claude,

In my experience, nothing ever looks as good as the one that got away. I even lost one couple because I didn't "push" them enough... Good reminder!

Jun 23, 2009 06:56 AM
Connie Harvey
Pilkerton Realtors - Brentwood, TN
Realtor - Nashville TN Real Estate

Claude, it's a shame that they have to go through the loss to finally make a move when another comes along. Frustrating for everyone, but it happens all too often!

Jun 23, 2009 07:32 AM
Claude Cross
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale

Irene - I like "nudge". The one that "got away" truly is a motivator. Losing a couple because of buyer malaise should be cause for teeth grinding.

Jun 23, 2009 07:33 AM
Richard Weisser
Richard Weisser Realty - Newnan, GA
Richard Weisser Retired Real Estate Professional

Claude...

It was so much easier when inventory was lower ... less decisions to make. Now, it's hard to choose!

Jun 23, 2009 07:53 AM
Claude Cross
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale

Connie - The process of elimination with the exception of one inclusion, followed by hesitancy, = RATS !

Jun 23, 2009 08:02 AM
Claude Cross
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale

Richard - Isn't that the truth ! So let's clear out this inventory! $8k in your pocket... just pick a winner..

Jun 23, 2009 08:05 AM
JL Boney, III
Coldwell Banker - Columbia, SC
Columbia, SC Real Estate

I have seen many buyers make the mistake of waiting too long and then returning with expectation that nothing will have changed. Then of course like you say, the homes they really liked are all sold.

Jun 23, 2009 09:10 AM
Claude Cross
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale

JL - Sound's like Otis Redding's song Sittin' on the dock of the Bay ...watchin' the tide roll away

Jun 23, 2009 09:42 AM
Tom Boos
Sine & Monaghan Realtors, Real Living - Grosse Pointe Farms, MI
Providing the very best of service to Sellers and

I have so many instances of buyers losing the "perfect home" due to hesitation.  It's as though they can't believe they've actually found a house that meets 95% of their buying criteria.  I'm dealing with this situation right now and hope my clients "pull the trigger" before their perfect home is snatched-up by another buyer.

Jun 24, 2009 01:14 AM
Claude Cross
Homes By Cross, Inc. - Charlotte, NC
Charlotte NC Homes For Sale

Tom - It's like watching everything in slow motion. Sometimes even a gentle nudge won't work.

Jun 24, 2009 02:04 AM