Walking Away From A Contract When You Were So Close

Patricia purchasing a home, is not like purchasing a car, or buying a shirt.  You can't take it for a test drive, or bring it back for a refund.  So it needs to feel right, if not then you need to move on before signing on the dotted line.

I am sure your client will appreciate you for the wonderful support and encouragement you are giving them. Trust is mutual respect and you earn that everyday with the way you treat people. Always do the right thing and the rest will all fall into line...  Job well done!

Congratulations on the featured post. Very true, it is better to stop and think before it is too late. Our hot markets make it hard for many buyers, but thereare steps along the way that give them some breathing room to re-consider. Take them.

I recently worked with buyers who were undecided where they wanted to live. We wrote an offer and they shortly thereafter withdrew it. Discussed with them the need to determine their ideal location, they agreed, and wrote an offer on another house. Yep, they changed their mind on that one, too. A week later, they informed me they were under contract in a neighboring state. While I was at first blindsided, I learned the education I provided actually assisted them in determining the right location for them. Definitely feel I did the right thing in helping these 1st time buyers.

I love that advice: "when in doubt, don't." It applies to real estate, but also to so many other situations in life.

I do think some people go ahead when they're unsure because they worry about what other people will think of them if they walk away. That's a shame.

Patricia, it is obvious you have been listening to Kenny Roger's song: The Gambler.

Got to know when to fold and walk away from the table.

Great advice, thanks for sharing.

Excellent advice, Patricia. Buying a home is a huge commitment and if you have the slightest doubt don't feel embarrassed about backing out.  There will be another one that feels right.

Hi Patricia:

Such wisdom and good advice in this post! Buyers need to feel as comfortable as possible before moving forward. Nothing is perfect, of course, but having doubts probably means a decision to back out BEFORE the end of the contingency period. Once you are in you can't take the house to the Returns Desk!

Jeff

This is especially challenging for first time buyers in a very competative market.  After loosing a few homes due to bidding wars --sometimes they make a quick decision and then regret it later. I always emphasize--serious deliberation! Rarely does anyone find 'the perfect house' with everything on the wish list!   Buying any house is a leap of faith in a way.

Amen.

Awesome post!  So true. Walking away is not easy but sometimes it's the right thing to do.  Great quote!

What a beautiful thing to say, Patricia. May life be good to you as well.