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 been happening. Contracts are written on-site, accepted, or rejected within the same day or held for multiple offers. Buyers, many times, have had to bite the bullet and make an offer within a few hours. They are "forced" if they want to buy right now to make these offers, virtually if out of town, waiving appraisal and even waiving inspections.
When this happens, I also see buyer's remorse, and they figure out a way to "get out of the contract." Let's face it if a buyer wants out; there is usually a way to do so. "
They want to be sure it's the right house.
So what has this fast, frenzy of a hot market taught us?
Don't rush it! There is always another property! Slow down!
Would you please not make a huge decision without being pretty darn sure it's the right one?
For questions about buying or selling a home
Call Margaret Rome