4,572,183
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.
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Allie Angeloni
Oro Valley, AZ
-
Cleve Bellar
Dallas, TX
-
PropertyMinder (Accele...
San Jose, CA
-
Steve Higgins
Kelowna, BC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Nina Hollander, Broker
Charlotte, NC
-
Kathleen Daniels, Prob...
San Jose, CA
-
John Pusa
Glendale, CA
-
Debe Maxwell, CRS
Charlotte, NC
86,514
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.
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Cleve Bellar
Dallas, TX
-
PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Candice A. Donofrio
Fort Mohave, AZ
-
Susie Kay
Plano, TX
6,393,609
It is something that agents need to be aware of and the good ones know how to prevent it from tanking a deal.
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Cleve Bellar
Dallas, TX
-
PropertyMinder (Accele...
San Jose, CA
-
Steve Higgins
Kelowna, BC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Bob Crane
Stevens Point, WI
-
Allie Angeloni
Oro Valley, AZ
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
290,969
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.
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Cleve Bellar
Dallas, TX
-
PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Joyce Marsh
Daytona Beach, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Candice A. Donofrio
Fort Mohave, AZ
809,258
Not at all a concern for us. -Kasey
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PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Allie Angeloni
Oro Valley, AZ
2,684,109
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.
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PropertyMinder (Accele...
San Jose, CA
-
Olga Simoncelli
New Fairfield, CT
-
Steve Higgins
Kelowna, BC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Allie Angeloni
Oro Valley, AZ
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
5,230,113
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!
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Allie Angeloni
Oro Valley, AZ
-
PropertyMinder (Accele...
San Jose, CA
-
Steve Higgins
Kelowna, BC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Kathleen Daniels, Prob...
San Jose, CA
-
John Pusa
Glendale, CA
-
Michael Jacobs
Pasadena, CA
509,449
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.
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PropertyMinder (Accele...
San Jose, CA
-
Steve Higgins
Kelowna, BC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Allie Angeloni
Oro Valley, AZ
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
2,220,654
Not at all Cleve.
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Michael Jacobs
Pasadena, CA
-
Allie Angeloni
Oro Valley, AZ
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Steve Higgins
Kelowna, BC
-
PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Anthony Acosta - ALLAT...
Atlanta, GA
628,814
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.
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Allie Angeloni
Oro Valley, AZ
-
PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
519,324
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.
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PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Allie Angeloni
Oro Valley, AZ
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
5,216,409
Not a concern for me, but could see it happening at times! Usually right aafter a seller accepts a buyer's offer!
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PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
644,025
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.
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PropertyMinder (Accele...
San Jose, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Susie Kay
Plano, TX
-
Allie Angeloni
Oro Valley, AZ
1,374,373
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.
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
-
Steve Higgins
Kelowna, BC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Allie Angeloni
Oro Valley, AZ
7,836,139
Buyers need to be prepared for the emotional experience.
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
-
Steve Higgins
Kelowna, BC
-
Diana Dahlberg
Pleasant Prairie, WI
-
Allie Angeloni
Oro Valley, AZ
2,781,173
Boo-Hoo only goes so far & does so much. Get in or get out & own either one
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Michael Jacobs
Pasadena, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Allie Angeloni
Oro Valley, AZ
1,712,676
It happens.
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PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Nina Hollander, Broker
Charlotte, NC
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
4,882,355
It does not concern me. Because I always know that they are ready, willing and able to buy.
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PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
5,583,278
not to me...we're listing agents and when one buyer leaves there's another one right behind him/her....
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PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
5,772,575
Cleve,
One does their best and listens to a buyers concern. A
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PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Allie Angeloni
Oro Valley, AZ
44,891
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
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PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
679,404
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.
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
-
Steve Higgins
Kelowna, BC
-
John Pusa
Glendale, CA
3,416,038
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
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Allie Angeloni
Oro Valley, AZ
5,104,931
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.
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
-
Steve Higgins
Kelowna, BC
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Diana Dahlberg
Pleasant Prairie, WI
3,164,294
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.
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PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
3,345,091
No. It is not. My clients are well informed and make buying decisions they are comfortable with.
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PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Nina Hollander, Broker
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
4,160,899
Cleve Bellar it does concerns me.
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Debe Maxwell, CRS
Charlotte, NC
544,014
It has happened to me a few times. We just move on. No big deal.
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PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Debe Maxwell, CRS
Charlotte, NC
-
Michael Jacobs
Pasadena, CA
763,883
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
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PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
74,540
Definitely!
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PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
-
Michael Jacobs
Pasadena, CA
-
Debe Maxwell, CRS
Charlotte, NC
1,239,901
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.
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Michael Jacobs
Pasadena, CA
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PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
1,311,397
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.
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
1,502,998
Not a concern for me.
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
1,525,616
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.
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
1,725,996
Not one bit in our market areas
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
-
Diana Dahlberg
Pleasant Prairie, WI
1,052,211
🎶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!
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Michael Jacobs
Pasadena, CA
-
Candice A. Donofrio
Fort Mohave, AZ
92,082
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.
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
921,504
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.
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
3,071,489
Only if there is such a clause in the contract!
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
4,800,082
It is always a concern.
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
370,200
Never.....
I go over this very well with my buyer clients...explaining the highs and lows of emotions etc.....
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
87,920
No.
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
4,319,419
Cleve Bellar - not in this market!
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
900,128
Don't rush your buyers into deals they might regret.
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
5,049,450
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.
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
805,909
No it's not a concern for me. There is no point worrying about something that may or may not happen.
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Michael Jacobs
Pasadena, CA
-
PropertyMinder (Accele...
San Jose, CA
4,936,705
3,986,258
5,868,554
After years in the business, I can usually tell.
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Michael Jacobs
Pasadena, CA
4,272,548
4,434,127