Sleeping On Your Decision to Buy a Home

By
Real Estate Agent with RE/MAX Gold DRE #00697006

A buyer's agent called yesterday to ask whether I had any offers on a certain listing in Sacramento. I asked why she she was asking. Because, as I put it, I probably will have an offer on Sunday, given the big jump in activity I've witnessed at that particular home. Well, it turns out her buyer, whom she already told me a few days earlier was not really interested in this home has now decided there is an interest.

The buyer is wondering if they should sleep on that decision, and the agent says it would depend on whether I have any offers right now. No, it doesn't depend on that. It depends on whether the buyer is committed or just fishing. Because I can get an offer bingo without any notice and, in fact, I'm taking a few hours off on Sunday, out of cellphone range, and that in itself can generate offers, heh, heh, from previous experiences.

The other thing about this situation is now I know that not only is her buyer indecisive, but he seems torn back and forth. One day he does not like the house, the next day he does, and now he doesn't even know if he should write an offer? This sounds like trouble to this Sacramento listing agent.

You can read more in my personal blog today about Ever Wonder Should We Should Sleep On It?

Posted by

elizabeth weintraub

 

 

Weintraub and Wallace Realtors

 

 

Elizabeth Weintraub reviews

 

 

 

Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of RE/MAX Gold. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
California Sacramento County Sacramento
Groups:
Everything California
Northern California Real Estate Professionals
CALIFORNIA REAL ESTATE
Lyon Realtors
ActiveRain Rockstars
Tags:
finding the right home
sacramento buyers agent
sleeping on a decision
should we sleep on it
indecisive about buying a home
should you not buy a home
how do know if the home you found is right

Spam prevention
Show All Comments
Rainmaker
3,053,038
Tony and Suzanne Marriott, Associate Brokers
Haven Express @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents Very true - either make an offer - or don't.  Not interested in your Buyer's indecisiveness - but - since you shared - count on the earnest money being "gone" if the seller accepts the Buyers offer and then the Buyer has another change of heart.

Oct 11, 2015 02:02 AM #1
Ambassador
2,676,789
Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Hello, Elizabeth. This is a very insightful post about deciding on sleeping on making an offer or not. Thanks for sharing this.

Oct 11, 2015 02:31 AM #2
Ambassador
3,090,160
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

If you do get an offer from those indecisive buyers, they will probably want an answer in two hours or less.  They may not understand why your seller, if they chose too, would want to take an evening to "sleep on it" before answering someone who wasn't sure they wanted to buy his house in the first place.  

Oct 11, 2015 09:38 AM #3
Rainmaker
2,912,044
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Good morning Elizabeth.  Let them sleep on it. Hopefully you'll get a full price offer while they snooze.  

Oct 11, 2015 08:08 PM #4
Rainer
1,756,848
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Elizabeth.  Their buyer's agent is a dink.  Pull the trigger a buy the home.

Oct 11, 2015 09:07 PM #5
Rainmaker
2,255,686
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Elizabeth. I see so many situation that prospective buyers lose the home they true want to own. They kick themselves afterward, but too late many times.

Make it a great week!

Oct 11, 2015 09:24 PM #6
Rainmaker
4,797,261
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't understand this term or way of thinking, Elizabeth.  What happens when you sleep on it?  Does some mystical being come into your dreams and tell you to buy the home or not?

Oct 11, 2015 09:50 PM #7
Rainmaker
4,077,525
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Elizabeth, you are right, the buyer should KNOW if they do or if they should "sleep on it".    In a fast paced market, they will lose out!

Oct 12, 2015 10:45 PM #8
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
2,189,769

Elizabeth Weintraub Sacramento Realtor Top 1%

Put 40 years of experience to work for you
How much is my home worth?
*
*
*
*
Spam prevention

Additional Information