Cleve Bellar, Modern Homebuyer Advocate (ValueInsured)

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Rainmaker
3,237,213
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Concerned? I would say it is an awareness issue and it is not a big concern as I try to understand the reasons why someone is buying or selling.

May 24, 2018 10:47 AM
Rainer
86,414
Mike Kelly,CRS,CIPS
The MJKelly Team - Santa Rosa, CA
"One of Sonoma County's Natural Resources"

Seller and Buyer objections are NEVER a concern until they come up and then its an opportunity to find out what's REALLY on their mind! We see buyer's remorse in the number of properties which fall out of escrow. Especially when they've put in an offer way over asking. 

May 24, 2018 09:32 AM
Ambassador
4,049,443
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

It is something that agents need to be aware of and the good ones know how to prevent it from tanking a deal.

May 24, 2018 09:19 AM
Rainmaker
260,828
Allie Angeloni
Long Realty - Oro Valley, AZ

I have seen both Buyer's and Seller's remorse Cleve Bellar.  I have seen buyer's just 'jump in', sight unseen, to place an Offer on a home because inventory is low and someone might make that Offer before them - once they see the home, and are even as far as Inspections, they have backed out ('too much to fix').  I have seen a seller come back after getting an Offer in one week and say, 'I didn't think you would sell it this quickly, and I want to back out and offer it to my daughter' scenario.  So, it's not a major concern, though it totally depends on the client.  I would never try to talk a client out of what they 'feel', as home buying/selling is always an emotional time.  I have worked with a buyer who backed out twice, and the third time (our last time with them, even though they did not know it) it was successful.  I have also seen sellers who want to put their home on the Market today, and the next day do not, because it's too much of an effort to move (elderly clients who live alone).  You can offer help (Services that will pack, etc.) if they do not have family who live in the same state, but again, it's their decision. 

May 24, 2018 09:01 AM
Rainmaker
761,447
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Not at all a concern for us. -Kasey

May 24, 2018 09:01 AM
Ambassador
2,343,739
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  No.  With a typical contingency period of 10 or 15 days, there is plenty of time for the psychological condition of "remorse" to pass.  If they truly want out of the deal, they can do it during the contingency period.

May 24, 2018 11:50 AM
Ambassador
3,179,925
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I don't stress over the possibility at all, Cleve! I think if a buyer understands, going in, that this is how the market is, they adapt. If you teach and advise them properly, buyer remorse rarely happens.

The tricky ones are the buyers for your sellers - all competing to 'win' the home and then they wake up the next day and fear they're paying too much. You really have to vet your buyers' agents to do your best to establish intent - intent to follow through with the transaction!

May 24, 2018 10:18 AM
Rainmaker
347,875
Susie Kay
Ultima Real Estate - Plano, TX
North Dallas Specialist

Some buyers have more remorse than others.  Some want to hire as many inspections as they can.  Some get nervous if the inspector didn't find that much items to be repaired.  I told them they can spend $100k for all kind of inspections but the bottom line is, buying a home is an investment, and investment comes with risks.  They can either jump in and take the risks or forever be a risk averse person and pay their landlord's mortgage. It's like putting money in a CD in a bank.  It doesn't grow and it doesn't go down. Well actually with inflation they are actually losing money.

May 24, 2018 09:46 AM
Rainmaker
1,023,137
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Not at all Cleve.

May 24, 2018 02:35 PM
Rainmaker
276,958
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

If you prepare the Buyer for what is coming around the corner and they know what to expect it should not be a problem. We deal w/ many personalities and every now & then Buyers remorse can't be cured, but it is nothing that ever is a concern of mine.

May 24, 2018 10:32 AM
Rainmaker
506,933
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

Not really.  When questions are raised, I just go back to how we arrived at the point we are at.  What changed from then to now, other than accomplishing the goals we set out on.  People often second guess themselves, and may be subject to outside influences like family & friends, but I advise my clients early on that we know how we got here.  

May 24, 2018 09:24 AM
Rainmaker
3,162,506
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not a concern for me, but could see it happening at times! Usually right aafter a seller accepts a buyer's offer!

May 24, 2018 09:06 AM
Rainmaker
428,714
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

I try not to concern with things outside of my control, but actively take measures to keep Buyers remorse from happening in the first place.

May 24, 2018 08:57 AM
Rainmaker
1,134,984
Joyce Marsh
Regal | Christie's International Real Estate - Orlando, FL
Regional Manager Regal Christie's Int'l Realty

I have experienced more sellers remorse than buyers. They want to sell but then can’t find another home they are happy with. We counsel accordingly. 

May 24, 2018 01:41 PM
Rainmaker
5,257,604
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Buyers need to be prepared for the emotional experience.

May 24, 2018 01:27 PM
Rainmaker
2,422,675
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Boo-Hoo only goes so far & does so much. Get in or get out & own either one

May 24, 2018 12:55 PM
Ambassador
1,609,760
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It happens.

May 24, 2018 10:03 AM
Rainmaker
2,889,015
Richard Weeks
Dallas, TX
REALTOR®, Broker

It does not concern me.  Because I always know that they are ready, willing and able to buy.

May 24, 2018 09:16 AM
Rainmaker
4,863,084
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

not to me...we're listing agents and when one buyer leaves there's another one right behind him/her....

May 24, 2018 09:06 AM
Rainmaker
4,307,970
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Cleve,

One does their best and listens to a buyers concern.  A

May 24, 2018 08:56 AM
Rainer
44,691
Dan Capra
LAER Realty Partners - Lowell, MA
Listing/Buyer Agent

No concerns about this...buyers have a lot of skin in the game purchasing a home...they would be losing their deposit and the money spent on the home inspection

May 24, 2018 08:52 AM
Rainmaker
441,751
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

I have been in this business for almost 25 years.  I would not say "Buyer's Remorse" is at the top of the list ... in fact after closing on thousands of homes I can still count on one hand -- less than 3 people have gotten buyer's remorse and one of those I was able to talk back off the ridge.

May 24, 2018 05:10 PM
Rainmaker
2,939,018
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

It has not been an issue in this market. Those buyers who have remorse already seem to go slow and steady missing nearly every new listing and do not seem to be able to get a home under contract

May 24, 2018 01:22 PM
Rainmaker
2,969,249
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

No... in fact, have never once experienced it in 25 years with a buyer. If the relationship and transaction are managed properly by the agent there should be no remorse.

May 24, 2018 12:43 PM
Ambassador
2,848,810
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

only when it comes after closing and they regret their purchase.  For me that has been two in 26 years.  If a buyer changes their mind prior to close for whatever reason I am totally on their side.

 

May 24, 2018 12:14 PM
Rainmaker
2,762,486
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

No. It is not.  My clients are well informed and make buying decisions they are comfortable with. 

May 24, 2018 11:11 AM
Rainmaker
2,699,786
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Cleve Bellar it does concerns me.

May 24, 2018 10:51 AM
Rainmaker
998,342
Corinne Guest
Corinne Guest, REALTOR® | Barrington Realty Company - Barrington, IL
Barrington Lifestyles

Good Lord no. Do your homework on your client and don't work with these kind of people. It's not something that pops up, they are that way inclined to start with.

May 24, 2018 10:26 AM
Rainmaker
525,189
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

It has happened to me a few times. We just move on. No big deal.

May 24, 2018 10:22 AM
Rainmaker
534,000
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
RE/MAX Valencia, Stevenson Ranch, Santa Clarita

I tell new clients upfront that there are 3 reasons transactions fail, Loan, Home Inspection and Buyer's Remorse.  I explain the meaning of Buyer's Remorse and how much I hate falling out of escrow and let them know that it hurts the buyer, seller, agents, lender and escrow company.  I tell them that it is essential to be fully committed before making an offer.  So yes

May 24, 2018 10:12 AM
Rainmaker
60,735
Ricardo Mello
Manhattan Miami Real Estate - Manhattan, NY
Manhattan & Miami Real Estate Agent

Definitely!

May 24, 2018 10:10 AM
Rainmaker
983,617
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

There are ways to avoid spending days showing endless listings. My first question is have you been preapproved by a major lender?   If we get that far may I talk to the mortgage broker?  After first showing you will know how ready they are. Are you willing to remove the loan, inspection contingency after viewing?  There is only one winner. I want you to win. You better get going or get going.

In our area overpaying $190K for a small condo in avg neighborhood, $400K over for avg size SFH is often encountered. Yes, interest rates have gone up so are the bidding fever. 

For sellers-These are the things we do and cost is on us. Want it for how much?  I don't hear you. Take care.

May 24, 2018 04:44 PM
Rainmaker
649,801
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Buyer's remorse has not been a problem. Having a buyer try to renegotiate on my listing after having an "as is" offer on a property they "really want" after receiving multiple other offers is more common and a major aggravation.

May 24, 2018 03:20 PM
Rainmaker
1,209,949
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Not a concern for me.

May 24, 2018 02:51 PM
Rainmaker
1,523,560
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

I have not had many of buyer's remorse. In the few I had, I was able to calm the buyers down and proceed to closing.

May 24, 2018 01:27 PM
Rainmaker
1,520,396
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Not one bit in our market areas

May 24, 2018 01:22 PM
Rainmaker
679,454
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

🎶Regrets, I've had a few
But then again, too few to mention
I did what I had to do
And saw it through without exemption🎶

Oh you're talking about buyers? Hahaha probably. But I've probably had more remorse about them!

May 25, 2018 01:50 PM
Rainer
91,232
Jon K. Judd
Keller Williams Realty - Central Delaware - Dover, DE
GRI, e-PRO, SFR, Delaware Homes

It's not a "concern" of mine... though I  do everything I can to limit the possibility of buyer's remorse, however it does and will happen.

May 25, 2018 08:51 AM
Rainmaker
742,762
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Fear of buyers remorse is the outcome of persuasion, the process of driving as opposed to leading. Agents are highly trained in overcoming objections and relentless in getting to the closing table.

When the agent leads the buyer into THE BUYERS vision, leads them into the anticipated transformation, there is no fear but cause for celebration.

 

May 25, 2018 06:34 AM
Rainmaker
3,049,771
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Only if there is such a clause in the contract!

May 25, 2018 05:54 AM
Rainmaker
4,796,451
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It is always a concern.

May 25, 2018 05:34 AM
Rainmaker
343,594
Jay McHugh
SendOutCards-Appreciation Marketing Expert - Boston, MA
YOUR SendOutCard Mentor

Never.....

 

I go over this very well with my buyer clients...explaining the highs and lows of emotions etc.....   

May 25, 2018 02:48 AM
Rainmaker
87,570
Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

No. 

May 25, 2018 12:02 AM
Ambassador
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Cleve Bellar - not in this market!

May 24, 2018 10:47 PM
Rainmaker
723,664
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Don't rush your buyers into deals they might regret.

May 24, 2018 06:30 PM
Ambassador
3,912,275
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Not particularly but often you can tell if someone is feeling concerned. Educating them about the market, understanding their expectations, talking about their feelings, and listening to them carefully can usually work through any anxiety.

May 24, 2018 06:05 PM
Rainmaker
543,891
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

No it's not a concern for me. There is no point worrying about something that may or may not happen.  

May 24, 2018 06:02 PM
Rainmaker
3,062,878
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

It happens but maybe only 1 out of 30.

 

May 29, 2018 05:10 PM
Rainmaker
3,977,511
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

yes, always!

May 28, 2018 06:17 PM
Rainmaker
4,018,042
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

After years in the business, I can usually tell.

May 28, 2018 11:58 AM
Ambassador
3,040,905
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Always!

May 27, 2018 11:22 PM
Rainmaker
4,431,972
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

May 25, 2018 11:32 AM