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Ambassador
1,319,947
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

It is Seller's remorse that kills me!! 

Jun 09, 2015 11:55 AM
Rainmaker
4,798,978
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I try to confront his or her issue.

Feb 10, 2019 06:57 AM
Rainmaker
3,067,662
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

It's never happened to us...thankfully - however - there have been several who had entered into contract on our listings....in every case they left the building without their earnest money!! 

Apr 07, 2018 05:49 AM
Rainmaker
1,280,053
Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Assistant

Debbie, it doesn't happen very often but when it does, it's horrible. It happened to us a while back (several years ago). The buyer was just miserable and blamed us. She finally sold it and used us, but she didn't buy again right away and we lost contact with her.

Jun 10, 2015 10:29 AM
Rainmaker
6,029,933
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Some remorse is common but it is not usually severe enough to kill the transaction. Discussing remorse in advance with prospective purchasers is good idea.

Jun 10, 2015 01:03 AM
Rainmaker
3,610,429
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I'm trying to think back and can't think of a single occassion when a buyer got buyer's remorse on a contract. Now, I've had contracts cancelled (but rarely) for other reasons--appraisal, inspections--but not for remorse.

Jun 10, 2015 01:02 AM
Rainmaker
175,464
Spirit Messingham
Tierra Antigua Realty - Tucson, AZ
Third Generation Full-Time Realtor® 520 471-6900

I am mostly a buyers agent, work with a lot of buyers.  I honestly can't remember the last time I had a client with buyers remorse once we were under contract, at least they didnt tell.  Most close on the house, or we find them another.  It may have something to do with me being selective when I first meet, start working with a potential client.

Jun 10, 2015 12:18 AM
Rainmaker
3,615,012
Richard Weeks
Dallas, TX
REALTOR®, Broker

I always address that at the begining of the buying process, before we have even looked at any homes.  I tell them it is normal, but we are going to find the best house at the best possible price.

Jun 09, 2015 09:52 PM
Rainmaker
836,855
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

EVERY TIME!

It is part of the process. The variable is sometimes the buyer expresses their fear.

I remind them this is a necessary next step to achieve the greater goal they shared with me earlier. If the time is not invested to discover to greater goal, one is left with saying stuff like, "You will feel better later."  That is assuring.

Jun 09, 2015 09:09 PM
Rainmaker
2,359,447
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Debbie. I explain buyers remorse at the time I pre-qualify someone for a mortgage. If they know if may happen, it is not a surprise when it does.

Jun 09, 2015 07:11 PM
Ambassador
1,770,705
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

It has happened less in this heavy market Debbie but does happen. You have to make it clear that if they are not comfortable with moving forward, than cancel the deal. Then ask, why?

Jun 09, 2015 03:34 PM
Ambassador
2,979,590
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

not often and it depends on where they are in the process.  In the due diligence they can walk away. Afterward I advise they speak to an attorney if they plan to walk to see what the specific performance laws are and understand the risk. 

Jun 09, 2015 02:37 PM
Rainmaker
292,385
Jack Lewitz
IL Real Estate Specialists - Evanston, IL

Its part of the process of buying and selling. Its a big investment and it can be scary and there are times during the process when you should not sell but just listen and then give advise. I actually encourage my clients to listen to those feelings as they are important because they are telling you something .

Jun 09, 2015 02:02 PM
Rainmaker
699,027
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

I think everyone gets it to some degree.  We just have to talk them off the ledge and let them know it will be great when it's all said and done.

Jun 09, 2015 11:34 AM
Rainmaker
356,239
Cindy Davis
SD Home Source Realty - San Diego, CA

I see it happen most with first time home buyers. Usually it is fear and anxiety. I spend time talking/and listening to them helping them sort out what the issues are, and what the best course of action is.

Jun 09, 2015 11:24 AM
Rainmaker
1,106,176
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Undisclosed issues or problems not discovered during inspection. As always I have bought home warranty for them. ...."Call that number please!".

 

Jun 09, 2015 11:23 AM