Not the "Runaway Bride" BUT The "Runaway Seller"

By
Managing Real Estate Broker with Regal | Christie's International Real Estate BK659279 

 Dealing with Buyer or Seller Remorse in Real Estate - Don't Panic

Dealing with Seller Remorse | Runaway Seller Saga

We all remember the movie "Runaway Bride" with Julia Roberts and Richard Gere.  It is one of my favorite movies which I have watched numerous times.  The bride (Julia Roberts) just can't seem to commit, at the last minute and runs away at the altar.  She goes through all of the motions, preparations for the wedding, rehearsal dinners, flowers, church, and then panics at the last minute.

Well what about the "Runaway Seller" who says they want to sell, goes through all of the motions of getting the house ready for the market, preparing for showings, and then at the last minute when an Offer to Purchase finally appears, they run! They just can't seem to comnmit to selling, and at the last minute they panic and run away from the deal.

 

 

When the time comes to actually sign on the dotted line, they

freeze... and panic!

 

Runaway Seller Saga

  • Wants to sell but at the last moment cannot commit to actually moving forward with the sale
  • Comes up with a million reasons why he shouldn't take a great offer
  • Seller gets cold feet, and starts having second thoughts about selling
  • Seller thinks he's selling too low - maybe should wait for more $$
  • Seller was probably not really motivated in the first place
  • Seller thinks they want to sell, but don't really have good reasons to sell
  • Seller wants to "test" the market

 

Dealing with Seller's Remorse

  • Think through the entire process and have a plan for relocating which will give the Seller a comfort level so they can "move forward" when that offer finally comes in.
  • Discussing  the entire Home Selling process with your Real Estate Agent beforehand will reduce the emotional distress that comes with both Home Selling and Home Buying.

Remember that the Home Buying or Home Selling process can be an emotional roller coaster for all parties involved, and don't let your emotions drive your decisions.  

We can help and guide you through the Home Selling and Home Buying process. Call Joyce Marsh to discuss your real estate needs, questions, or concerns about selling your home, or purchasing a new home in the Central Florida area.

Posted by

Regal Christie's International Real Estate  Joyce Marsh Certified Luxury Home Marketing Specialist   Joyce Marsh Institute for Luxury Home Marketing Member     Joyce Marsh Million Dollar Guild Member Institute Luxury Home Marketing  Joyce Marsh 5 Star AgentDupont Registry Elite Agent

 

Joyce Marsh, Regional Manager Florida

Regal Christie's International Real Estate

386-299-8291   JoyceMarsh@RegalRealtyOrlando.com      

www.RegalRealtyOrlando.com   

                                  

Copyright 2008-2019 Joyce Marsh.  All Rights Reserved.  Information from sources deemed reliable, but not guaranteed. Nothing contained herein to be considered legal advice, please consult your Attorney for advice. 

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Rainmaker
2,447,010
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

The fuel in Real Estate is high octane powered emotions grade. Keeping ones pedal off the metal helps....That's where the Real Estate agents come in.

Jun 04, 2015 11:11 PM #1
Rainmaker
1,193,493
Donald Urschalitz
One World Realty Inc. - Jupiter, FL
P.A. Realtor ABR RSPS North Palm Beach County

Love the post, we have all seen this in our business.

Jun 04, 2015 11:15 PM #2
Rainmaker
625,285
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

We really need to measure motivation during the pre-listing stage. This is when an agent's true communication abilities are tested & will make the difference between time wasted & a pay check.

Jun 04, 2015 11:17 PM #3
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Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

I've seen them, buyers and sellers.

In fact, I've asked, "Do you really want to buy a home?"

Jun 04, 2015 11:18 PM #4
Rainmaker
1,137,960
Joyce Marsh
Regal | Christie's International Real Estate - Orlando, FL
Regional Manager Regal Christie's Int'l Realty

Richie Alan Naggar author of books on Life-Love-Intimacy-Purpose I totally agree.  Emotions are running high, and having a trusted Real Estate Advisor can help Home Sellers deveop a plan for selling and relocating to provide a more stress free transition.

Jun 04, 2015 11:22 PM #5
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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

For some it is the perfect solution to their situation and when the reality hits, the doubts get so strong.  That's when we really earn our fees

Jun 04, 2015 11:22 PM #6
Rainmaker
1,137,960
Joyce Marsh
Regal | Christie's International Real Estate - Orlando, FL
Regional Manager Regal Christie's Int'l Realty

Thank you Donald Urschalitz Yes we have all seen this with both home buyers and sellers.  Nice to hear from you in Jupiter Florida

Jun 04, 2015 11:24 PM #7
Rainmaker
1,137,960
Joyce Marsh
Regal | Christie's International Real Estate - Orlando, FL
Regional Manager Regal Christie's Int'l Realty

Brenda Mayette I totally agree with that.  Sometimes sellers do panic when the time comes to actually sign on the dotted line.  Thoroughly discussing the process and having a plan in place I think really helps things go more smoothly.

Jun 04, 2015 11:26 PM #8
Rainmaker
1,137,960
Joyce Marsh
Regal | Christie's International Real Estate - Orlando, FL
Regional Manager Regal Christie's Int'l Realty

Ed Silva So true - They know its the perfect solution, but start to doubt themselves and their decision.  

Jun 04, 2015 11:29 PM #9
Rainmaker
1,137,960
Joyce Marsh
Regal | Christie's International Real Estate - Orlando, FL
Regional Manager Regal Christie's Int'l Realty

Lenn Harley I'm not sure which is worse, buyer or seller remorse.  Either way you make a good point to ask "Do you really want to buy or sell"

Jun 04, 2015 11:43 PM #10
Rainmaker
698,877
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

Don't cha just love buyers OR sellers with commitment issues.  You just want to say to them "fish or cut bait" or "shxx or get off the pot".

Jun 04, 2015 11:50 PM #11
Ambassador
3,085,237
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Usually the sellers that don't want to sell overprice and make it so they don't have to.

Jun 05, 2015 11:05 AM #12
Rainer
79,713
Julius Schoenherr
J. Schoenherr Const. Co., Inc. - Daytona Beach, FL
Building Contractor - Daytona Beach Area

I can see where that might happen. People are nervous and sometimes panic. 

Oct 30, 2018 06:24 PM #13
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