How to Deal with Seller’s Remorse
September 24th, 2009 categories: Real Estate Selling
We often hear about “buyer’s remorse”. You know that gut feeling you get when you make a large purchase and then a few hours or days hours later you begin questioning your sanity. Today there are 13,634 homes and condos for sale in the Multiple Listing Service of Greater Cincinnati and some listings exhibit symptoms of “seller’s remorse”.It is easy to spot them….
- Very hard to get an appointment. Properties for sale which require buyers (and their agents) to jump through hoops, turn in perfect circles while touching their noses and execute 3 precise click of the heels of their ruby red shoes before being allowed to view the inside of a property. What makes this even more interesting is that some of the most “difficult-to-show” properties are short sales or lender owned.
- Never reduce the price.
- Add numerous exclusions to any purchase contract. Sellers should list exclusions when they list their property- grandma’s chandelier, antique mirror in bathroom. Some sellers wait until they receive a purchase contract and them begin to exclude items from the deal. Best way to exclude heirlooms or expensive fixtures is to replace them prior to listing the property- out of sight and out of mind.
As you can see “sellers remorse” can impede the sale of the property. If you’re a seller reading this blog and shaking your head because you don’t think these are good examples of problems…..perhaps you have a full blown case of “seller’s remorse”.
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This may be reflected in the pricing of the property. Antique Clock
[...] home may be lost, but if it’s going to happen, avoiding foreclosure is the highest priority. How to Deal with Seller’s Remorse – thecincyblog.com 09/24/2009 We often hear about “buyer’s remorse”. You know that [...]
By spotting it early, a Realtor can cut the financial and emotional loss.
Aloha,
Keahi
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