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What is Buyer Remorse?

Reblogger
Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

Buyer Remorse is a phenomenon that can derail many sales in real estate.  Debbie Reynolds wrote this great post about getting in front of this before it happens to try to mitigate the potential problem:

 

Original content by Debbie Reynolds, C21 Platinum Properties TN Broker: 208698

The Feeling that Comes After a Contract is Accepted

Buyers RemorseIt doesn't happen every time after a contract is accepted but does happen every so often. The buyers seems so excited about the home they chose and were elated when the offer was accepted.

Now a few days have passed and attitudes have changed. The buyers ask how they can get out of the contract, that they acted too hastily.  The buyers may say the home is not exactly what they were looking and they would be better off waiting for the right one to come along.

What the buyers are experiencing is Buyer's Remorse. It doesn't have anything to do with compromise or the home not being the right one. It has to do with the buyer being scared and not sure about what is to come and whether they made a good decision. It is secong guessing themselves.

A good agent will prepare the buyers that this may happen and reassure them on the front end that the buyers looked carefully and made a sound choice. The feeling is just a sign of new territory being tread and has been experienced by other buyers before them. 

Deep breathing and using forward thinking to imagine living in the home and making happy memories there will help. Share your feelings with your agent and ask for reassurance. You will not be shamed or rebuked. Chances are you will again hear all the reasons you chose this home and how happy you were just days earlier. The voice of reason will begin to return.

This too shall pass! What is Buyers Remorse? It is doubting yourself or state of uncertainty about the future.

For Clarksville TN real estate, contact The Real Debbie Reynolds at 931-320-6730.

 Centruy 21 Platinum Properties2130 Wilma Rudolph Blvd.

Clarksville, TN 37040

When you need Real Estate services in Clarksville TN

                  it would be my pleasure to assist you!                             

Debbie Reynolds
"The Real Debbie Reynolds"

Check out all Clarksville TN Real Estate on My Website

                   
                   
931-771-9070 Office | 931-320-6730 Cell

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Comments (9)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I don’t think I’ve ever had buyer remorse myself, but I’ve had quite a lot about it in my time.

Oct 17, 2017 11:58 PM
Shahar Hillel
Encino, CA
Mortgage Consultant, Loan Officer.

Gabe hello.

Great post by Debbie Reynolds to re-blog.

Thank you.

 

Oct 18, 2017 12:12 AM
Roy Kelley
Retired - Gaithersburg, MD

This is an important topic. I always recommend the blog posts by Debbie Reynolds

Oct 18, 2017 06:07 AM
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

When I see it it seems to go along with not viewing the property more than once and the thought that there may be a better deal like a friend got.

Oct 18, 2017 06:23 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Gabe

I have founds buyers remorse can also be a concern . . . . and a need for more information.

Good luck and success.

Lou Ludwig

Oct 18, 2017 07:01 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

We all have quite good habits to remove a possibility for any buyer second thought s

Oct 20, 2017 12:00 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thank you for stopping by and taking the time to read my re-blog.

Nov 05, 2017 05:26 AM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for your comments. It’s always good to hear from you.

Nov 05, 2017 05:26 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I am going through this with a buyer right now. I bet I have had 10 conversations about it and we aren't done. Thanks for the reblog, Gabe.

Nov 05, 2017 09:32 AM