Sellers, Buyers Remorse In Real Estate Transactions Happens.
The anxious, really pumped up ready to buy or sell Maine real estate feeling is a strong one.
Because listing, selling property is an emotional one where the stakes are high. But the feeling, compulsion to move forward with a purchase or sale of a property can dim, fade, go out.
Why does seller, buyer remorse in a real estate sale happen?
Some of it is the ability for some to make quick decisions and feel the same way about them days later. To move forward with the real estate sale.
But other times, a not so sure feeling sneaks into the Maine real estate camp.
Usually late at night it festers. To leave doubts, cause fears and panic attacks. Sometimes though, the situation to have to buy or sell cools. No longer is the purchase or sale in the best interest with a change of the landscape of a person’s life.
Buying or selling real estate in Maine, anywhere is a big decision. Not one to be rushed into, or taken lightly. Because a mistake is more costly with the large size of the property price tag. Not like a pair of loafers, slacks, jacket you thought was peachy keen when ordered online. Or plucked off the sales rack and trotted up front to settle up, check out. Suddenly pulled over, stopped like blue lights came on in the rear view mirror enters the picture.
Often like most things in life, the decision to do something did not factor in other aspects, obligations that a purchase or sale of a property causes.
Sometimes it is your heart not just your head involved with pulling the Maine property listing buy or sell trigger too.
Time has a way of making second thoughts happen. Doubt or uncertainty to drift into the real estate buy or sell equation. That causes the change of heart. For the buyer, or the seller to back out of the deal.
Here are other causes of buyer remorse in the sale of real estate listings. And how to handle it.
Wanting to turn the wagon around and leave the boxed canyon they feel trapped in, often find pressure from their families.
When elderly and struggling with should we stay or should we go.
When the cost of repairs, overhead of carrying a place can seem large.
When the property seems bigger than they need once the nest cleans out. The last child is off on their own.
And when looking at apartments, something smaller for a re-purchase, suddenly longing for the old familiar Maine place can kick in.
Warm and fuzzy, like an old friend separation feelings that swell up, cause the eyes to water.
The property where the family was raised, the place built a stick and stone at a time forty or more years ago can feel like the only real home they have ever known. It is for the kids that can question mom and dad’s logic in planting a real estate sign in the front lawn.
Too soon to list, twist and sell after a major life event like the death of a spouse, loss of a job or retirement that does not go down so easy.
They all happen and to avoid being labeled a Peter who cried wolf a little too often, slow down. Deep breath and a simple weighing of the pros, cons of a sale, purchase or not at this time.
Sleep on it, lean on folks you trust. But get used to the idea before involving others that are hired to make the purchase and sale happen. To go smooth. Because buyers, seller’s remorse don’t allow that to happen. When a sound like a needle ripping across a new vinyl record happens. And the music to buy or sell stops. There is silence and now what.
More on seller’s remorse selling a home because most of the chatter is just about buyer’s remorse in backing out of perfectly good real estate deals that suddenly are not going so smoothly. When you get the call that the seller is backing out of a home sale because they changed their mind. Have a change of heart that makes them retreat back into the listed home they no longer wish to sell.
The cost for the appraisal from a Maine bank already performed does not go away.You still have to settle up with all the bills listed on the HUD 1 settlement statement.
The hired home loan mortgage appraiser gets paid whether the sale of the property moves forward or not.
The lawyer updating the title to the property, setting up the title insurance and preparing the HUD 1 settlement statement wants to be compensated for his time too.
Home inspectors are not Robin Hood working for free. For the public good alone.
And the aggrieved party that got into gear and took steps to buy or sell could say, you will to honor the contract to make the transaction happen Mister Man.
The one you the home seller signed into to cause the wheels of motion to whirl in the real estate marketing after the ink is barely dried or was not long ago applied to the paperwork. .
Suing for specific performance in a real estate property sale is never a fun pill to forcibly swallow. no smiling matter. Not the kind of real estate transaction agents, brokers, REALTORS like to be involved in. Because we are the information providers, the wrinkle removers in a real estate sale.Working hard behind the scenes over long hours to make it look easy.
REALTORS are hired to preserve, keep the property transaction alive.
Up to the point, until everyone crowds around a long real estate closing table. To sign here, here and (squinting) here too. Then shake hands, as we all get up. Extend a handshake. Congratulate the new owner, the old seller of the Maine real estate listing that moves from a sale pending to sold closed status on the MLS as soon as we get back to the real estate office. The sale we were employed for, signed up on to bring the buyer and seller together in the matchmaking. For a happy, completed, successful sale.
Maine, big state, less people and easy to dissolve into our wide open space.