Buyer's remorse (the feeling of regret after making a huge purchase) is a common sentiment that a lot of people understand and sympathize with, given that the average person makes huge purchases more often than he/she gets to sell anything of substantial value.
This is why the seller counterpart of this feeling is quite unheard of, because it isn’t something that happens very often. In fact, home sellers almost never anticipate it. They simply end up with a bad case of “seller’s remorse” simply because they have never experienced a similar kind of regret prior to selling their home.
A house is one of the biggest and most monumental purchases a person makes in his/her lifetime. Selling a house for the first time is an emotional experience, especially for those who have spent a large part of their lives calling it “home.” Sometimes it’s just cold feet (which is perfectly normal), in which case it is better to proceed with the sale as long as the timing and logistics of the transition have already been settled. However, some end up having valid concerns about the sale, which often happens when contracts have been signed and it’s already too late.
To make sure that you don’t face these feelings of regret, it is important to first examine the reasons that cause seller’s remorse. From there, you can follow a plan to prevent it from popping up when it’s too late.
Here are the common questions most sellers ask once they start to experience seller’s remorse:
1. Did I price my house right?
After the sale of their previous home, sellers may have second thoughts regarding the amount they sold it for. Some feel that they may have accepted an offer that was too low, especially if they did not get to entertain other offers.
How to prevent being in this situation: There is a fair amount of strategy that goes into pricing a home, and you want to make sure to find the perfect balance between the important factors that determine housing prices.
To set the right price that will get your house some steady action, it is crucial to seek the help of an experienced agent and a professional appraiser. While it is ultimately up to you to set the final asking price, you still have to make this decision within a suitable price range based on comparable sales or “comps” and several other assessments. Don't rely on your “guesstimate” and don’t let your personal attachment to your home determine its selling price. Overpricing your home will only cause it to sit in the market for longer than is ideal (which would drive down its value), so it is very important that you get the price right before deciding to officially put it on the market.
When you think you’ve arrived at the correct price, list your house for sale but wait until you can choose among several offers before accepting one. This way, you won’t have to regret settling for the first offer that came along.
2. Was it really the right time to sell?
It's not unusual for sellers to make an impulsive decision to sell their homes just because the current market promises good returns. Some people also decide to sell as a way of getting out of debt, but realize in the end that there could have been other ways to raise the money without having to give up their homes.
How to prevent being in this situation: Have a solid and acceptable reason for selling your home, and make sure that you're ready to accept the implications of the sale. If you’re selling the house for financial reasons, make sure you have accepted the need to downsize. It would also help to ask yourself if selling your home really is the only way you can raise the money you need. This way, you won’t feel guilty about it in the end.
The market may be looking good at the moment, but don’t let this be the sole indicator of your desire to sell. When in doubt, hold off for a while and make the necessary assessments first.
3. Will I be able to find a home that appeals to me as much as the one I just sold?
Sellers who have loved their previous home so much often worry if they'll ever find a worthy replacement.
How to prevent being in this situation: It's normal to feel an attachment to the home you’re selling, but if you’re worried that you won’t find a house you’ll love just as much—don’t panic.
A logical solution to this is to sell on a contingent contract, which means that you--the seller--will be given a period of time to find a replacement home without being obligated to close escrow with the buyer in the event that you don’t find one.
It’s all about communicating with your agent about what you need, and finding a way to sell your home without experiencing unnecessary setbacks. It is your listing agent’s job to understand your unique situation and come up with a plan to make the the selling process as seamless as possible.
A note to sellers:
The bittersweet feeling of parting with your home is often inevitable, but a bad case of seller's remorse is something you can avoid with careful planning. Just remember to hire an agent you can trust, and to be 100% sure of your decision to sell. The anxiety brought by having to sell a home you’ve loved for a long time will eventually be eased by having a positive outlook as you transition into this new phase in your life.

Dear
- you're in great hands -
Meet

Proven Track Record
Service
Knowledge
Integrity
An MAI of 30 is typically balanced; over 30 is a seller's market, under 30 is a buyer's market.
Buyer markets
Seller markets
View current market trends
Processes
1
Consultation

2
Pre-Approval

3
Property tours

4
Write offer

5
Under Contract or Escrow

6
Appraisal

7
Inspections

8
Closing

Unique Value I Provide My Clients
Professional Network
Price Range
Beds & Baths
Property Types
Raving Reviews
Review has been shortened using AI, click the review to read the full review.
Review has been shortened using AI.
Loyalty
Reviewing each others roles and responsibilities as we embark on the next steps of your home-buying journey is how we can decide if we are ready to be loyal to one another.
Counseling Session Activities
- Prepare the buyer for executing a buyer representation agreement
- Explain agency relationships to the buyer and get state required legal consent to represent, if needed
- Inform the buyer of working relationship based on state law, the REALTORS® Code of Ethics, and the broker’s business policies
Building a Relationship
- Learn the buyer’s wants and non-negotiable needs
- Understand the buyer’s budget and what will be needed financially
- Help the buyer understand what property their chosen budget will buy
- Consider having the buyer fill out a homebuyer’s checklist
- Assist the buyer in examining how much they can afford to spend
- Provide quality lender resources
- Partner with the buyer to locate suitable properties for consideration
- Match the buyer’s needs with available property
- Constantly re-evaluate buyer’s needs and refocus property showings to fit those needs
- After ensuring the buyer understands what is done for them, how it is done,and the benefit to them, obtain signatures on the buyer representation agreement
- Explain how compensation is paid, who pays it, and what the buyer’s options are for paying it
Educating the Buyer
- Communicate the working relationship based on state law, the REALTORS® Code of Ethics, and the broker’s business policies
- Explain Federal and State Fair Housing laws
- Explain what to look for in applicable property disclosures
- Reassure the buyer that their personal information will remain confidential
- Inform the buyer that you will always disclose all known material defects
- In accordance with state law, provide information on checking the sex-offender registry and crime statistics for the neighborhood
- Discuss available resources that the buyer can check to learn more about prospective neighborhoods

Preparing the Buyer
- Explain the timeline for house hunting, mortgage approval, and closing
- Explain the local market and how it impacts the buyer
- Show statistics on what percentage of list price sellers in the area are currentlyreceiving
- Inform the buyer on what home features are popular
- Identify current average days on market
- Share the dangers of using the price per square foot to figure home values
- Explain the concept of absorption rate and how it impacts the buying process
- Indicate current listing months of market inventory
- Share estimated potential out-of-pocket costs to complete the transaction
- Assist the buyer in analyzing the loan estimates
- Qualify the buyer for financial ability to purchase
- Help the buyer account for the complete costs of homeownership
- Prepare lender for listing agent calls
- Assist in comparing different financing options
- Help the buyer select for viewing only those homes that fit their needs
- Proceed in showing homes that fit the buyer’s must-haves
- Caution the buyer on posting information to social media
- Review the sample sales contract so the buyer is prepared when it comes time to make an offer
Showing Properties
- Schedule showings and provide access to all listed properties as soon as they become available in their local MLS broker marketplaces
- Educate the buyer on the immediacy of new listings appearing in their local MLS broker marketplaces and the lag time for them to appear on some websites
- Collaborate with the buyer on properties they may have learned about through their sphere contacts
- Research and assist on all unlisted properties the buyer wishes to see
- Preview properties prior to showing if needed
- Network with other agents to source properties not yet in their local MLS broker marketplaces
- Contact homeowners in focus areas to see if they are considering selling
- Set up an automated email alert system through their local MLS broker marketplaces that immediately notifies the buyer of properties that fit discussed requirements
- Arrange a tour of areas, schools, and key points of interest
- Provide resources containing neighborhood information on municipal services,schools, etc.
- Inform the buyer of negative aspects like nearby venues or operations that may result in issues that could impact value
- Collect and share any other vital information on available homes, remembering to follow all fair housing laws at all times
- Check applicable zoning and building restrictions
- Help the buyer decipher public property and tax information
- Collect and share pertinent data on values, taxes, utility costs, etc.
- Compare each property shown to the buyer’s wants and needs list and remind them of what they were looking for
- Help the buyer narrow the search until the buyer identifies top choices
Negotiating Offers
- Assist the buyer in getting the best property at the best price
- Suggest that the buyer learn more about the neighborhood prior to makingan offer
- Prepare a comparative market analysis (CMA) in advance of making an offer
- Prepare the buyer to have the most attractive offer in the current marketplace
- Explain common contract contingencies and include approved protective clauses in the purchase offer
- Ensure that the buyer receives and understands all state and federally-required disclosure forms
- Prioritize contract negotiation goals with the buyer
- Help create a negotiating strategy
- Use strategies such as an escalation clause to maintain a competitive offer
- Prepare the buyer for a multiple offer situation and develop negotiation strategies
- Write an offer that has a reasonable chance of being accepted
- Recommend optional contingencies and explain the pros and cons of using them
- Provide information on purchasing incentives that may be available
- Discuss financing alternatives
- Negotiate the buyer’s offers to arrive at the best price and terms
- Utilize hyperlocal expertise and strong communication skills to assist the buyer in being the successful offer

Let's Chat.
I look forward to working with you.

Thank you!
This is only the beginning of an exciting journey to a bright and shining new future. And it's only the beginning of our commitment to servicing your every real estate need. Thank you for the opportunity to help you find your perfect home!

Starting August 17th, 2024

By Signing the Agreement to Partner with an Agent
