Margaret Rome's Blog

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Preventing Buyer or Seller Remorse

 

Anyone being in Real Estate for any length of time has experienced either buyer or seller remorse.

Not possible to prevent, but there are a few steps you can take. 

 

buyer seller remorse

 

Do not rush anyone into a decision, not even in a hot market, with multiple bids. It can come back to bite you.

Ask questions and ask more questions.

Are you sure you want to move forward? What if you lost this property?

Who else do you need to show the house? What if your decision is questioned?

Almost try to talk them out of the purchase or the listing to make sure they are ready.

Are both 100 % they want to move forward? If someone can be talked out of selling, they need to be! Same with buying,  

We have seen sellers turn down reasonable strong offers with many objections and later find out; one was just not ready to make a move; sort of sabotage.

With our 40-50 page contract, there is always a way OUT, whether it is with contingencies, dates, inspections, appraisal, and so many others. 

When you are listing a home, really make sure they are ready to move. Find out why are they moving?

Where will they move?

What are their net proceeds? Who is helping them?  What if we get an offer this week? Are you prepared?

 

You know the questions. Ask them early in the process. Ask them more than once.

You may not prevent all buyer/seller remorse, but you do need to ask and receive the right answers.

 

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Sell Your Home With Margaret Rome

Broker-Owner HomeRome Realty 

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Author of Real Estate the Rome Way

mrome@HomeRome.com

410.530.2400

 

 
Comment balloon 12 commentsMargaret Rome Baltimore 410-530-2400 • December 07 2019 06:45PM
Preventing Buyer or Seller Remorse
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