buyers remorse: Understanding Buyer Remorse
- 01/29/22 12:35 PM
Recently a Realtor® stated that 60 percent of home purchasers have 'buyers remorse' and feel they have not made the right decision. That figure sounds way too high!
Buyers do feel rushed with the threats of multiple offers and bidding wars.
Buyer's remorse can surface after the offer, before and after the inspection, and before the final settlement. More fall-throughs have happened in the past couple of years.
If a buyer is uncertain and starts making demands, it could signify their remorse. Listen carefully for what they are requesting.
Recently had a family who purchased a property that seemed perfect. They did 'inspection … (22 comments)
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buyers remorse: Do You Have FOBAH
- 01/25/22 08:39 AM
More and more, I am hearing from buyers, and some tell me they are giving up. They have a fear of buying a house.
One couple visiting my open house said they stopped looking more than six months ago after five rejected offers. They were strongly encouraged to waive inspections and appraisal contingency. They were afraid and not something they would consider.
Buyers are frustrated, and they don't want to be a "bother" to their agent, so they call the listing agent. This action may not be a good situation for buyers who may be giving up representation. These buyers are … (11 comments)
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buyers remorse: Fish Or Get Off The Yacht - Make A Decision
- 11/25/21 01:45 PM
When buying a home, there are many questions.
Ask away but be ready to make a decision.
When you are looking to purchase, make sure you want the house. Contracts are legally binding, and this is not the time to be wishy-washy.
When accepting your offer, the seller takes it off the market, starts packing, hires a moving company, and all the myriad things that go into preparing the family.
Have you talked to anyone who has had a house under contract, and there is buyer remorse? It can be devastating.
They have trusted you, your agent, and your legally binding offer.
For … (25 comments)
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buyers remorse: Once Is Not Enough
- 08/02/21 10:12 AM
Buyers are thinking and hopefully saying things like...
'We have to think about it. We want to come back and see it in the evening or in the rain. We would like for our parents to see the house. I would like for my contractor to take a look at the property.'
In the past, we have all made accommodations for buyers to see a prospective new home on more than one occasion. Purchasing a new residence is a huge decision, not to be taken lightly.
But this past year, in a blazing hot frenzy of a market, that is precisely what has … (53 comments)
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buyers remorse: Congratulations...Not So Fast
- 08/18/19 08:34 AM
So you have an offer. It's been negotiated, agreed to by all parties, and ratified.
Congratulations!
Whoa! Not so fast.
Getting the property under contract is the first big step, but it's far from sold.
Now the work begins. There are general home inspections, radon, septic, termite, etc. There is still more... title exam, survey, review of condo and HOA documents. There is loan approval, appraisal, lender requirements, and many others. Each one has a time and date to move forward and sometimes you have to stop!
Have you heard of buyer's remorse?
When that buyer can not make up their mind, it may be called analysis paralysis. They … (24 comments)
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buyers remorse: You Can't Buy A House With Just One Showing
- 09/14/18 09:02 AM
You can't buy a house with just one visit
or can you?
In a very hot market, with multiple offers, buyers may lose out on properties. If the buyer NEEDS to buy right away, they might not have the luxury of multiple visits.
A house is a huge purchase for most. There is so much to consider... finances, emotions, input from each occupant, location, commute time, proximity to work, schools, health facilities, shopping etc. Make sure you know what you are doing.
Don't rush it.
Now you can easily rule out a house in one visit...sometimes driving up to the house or opening the front … (20 comments)
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buyers remorse: Things Can And Do Go Wrong
- 07/23/18 08:25 PM
It has been a wonderfully busy time in real estate with new listings, showings, multiple contracts and getting things lined up for settlements in the next couple of weeks.
So most of time I tell you how smooth things are going. I share the happy stories of buyers and sellers but occasionally things go wrong.
Here are a few things that delayed or stopped a transaction
Roof not completed-10 days of rain. Loan cannot be submitted. Wind storm damage in new listing. Photography scheduled next week.)
Look at this picture.
Damage by sudden wind storm.
The seller was standing in this spot minutes before the … (14 comments)
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buyers remorse: Reasons For Releasing A Contract
- 10/31/17 06:10 PM
When a buyer or seller wants a release...deal with this as soon as you are aware.
As professionals, we need to manage the contingency dates, documents and all the various inspections. We need to stay in close contact with our buyers, sellers, inspectors, co op agent, contractors, appraisers, title company, lender and anyone else involved.
As professionals, we need to recognize when the deal is no longer viable, do the right thing for all involved and when necessary be able to say
NEXT !
Below are a few reasons for a "fall through."
=Contingencies
=Condo and HOA documents
= Home inspections
=Buyer's remorse
= 'As Is' clause with right to terminate
=Personal crisis -illness, death, divorce … (9 comments)
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buyers remorse: We Fell In Love With Our Home All Over Again!
- 11/01/10 02:07 AM
We Fell In Love With Our Home All Over Again!
A few weeks ago, through a referral, I signed up a delightful young family to list and sell their home. Baltimore Home in the Gardenville Neighborhood 21206
My questions were answered with affirmation.99 and 44/100% is Not Enough…Are You 100% Sure?
They wanted to be closer to work, they … (42 comments)
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Recently a Realtor® stated that 60 percent of home purchasers have 'buyers remorse' and feel they have not made the right decision. That figure sounds way too high! 
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