Cleve Bellar, Modern Homebuyer Advocate (ValueInsured)

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Rainmaker
4,103,608
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

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.

May 24, 2018 10:47 AM
Rainer
86,464
Mike Kelly,CRS,CIPS
The MJKelly Team - Santa Rosa, CA
"One of Sonoma County's Natural Resources"

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. 

May 24, 2018 09:32 AM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

It is something that agents need to be aware of and the good ones know how to prevent it from tanking a deal.

May 24, 2018 09:19 AM
Rainmaker
290,569
Allie Angeloni
Long Realty - Oro Valley, AZ

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. 

May 24, 2018 09:01 AM
Rainmaker
808,847
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Not at all a concern for us. -Kasey

May 24, 2018 09:01 AM
Ambassador
2,571,547
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  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.

May 24, 2018 11:50 AM
Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

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!

May 24, 2018 10:18 AM
Rainmaker
508,283
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

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.

May 24, 2018 09:46 AM
Rainmaker
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Not at all Cleve.

May 24, 2018 02:35 PM
Rainmaker
455,490
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

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.

May 24, 2018 10:32 AM
Rainmaker
514,124
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

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.  

May 24, 2018 09:24 AM
Rainmaker
4,215,102
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not a concern for me, but could see it happening at times! Usually right aafter a seller accepts a buyer's offer!

May 24, 2018 09:06 AM
Rainmaker
543,369
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

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.

May 24, 2018 08:57 AM
Rainmaker
1,217,184
Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Real Estate LLC - Coast & Luxury

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. 

May 24, 2018 01:41 PM
Rainmaker
6,613,594
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Buyers need to be prepared for the emotional experience.

May 24, 2018 01:27 PM
Rainmaker
2,642,312
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Boo-Hoo only goes so far & does so much. Get in or get out & own either one

May 24, 2018 12:55 PM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It happens.

May 24, 2018 10:03 AM
Rainmaker
4,047,526
Richard Weeks
Dallas, TX
REALTOR®, Broker

It does not concern me.  Because I always know that they are ready, willing and able to buy.

May 24, 2018 09:16 AM
Rainmaker
5,571,934
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

not to me...we're listing agents and when one buyer leaves there's another one right behind him/her....

May 24, 2018 09:06 AM
Rainmaker
5,591,778
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Cleve,

One does their best and listens to a buyers concern.  A

May 24, 2018 08:56 AM
Rainer
44,741
Dan Capra
LAER Realty Partners - Lowell, MA
Listing/Buyer Agent

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

May 24, 2018 08:52 AM
Rainmaker
529,571
Diana Dahlberg
1 Month Realty - Pleasant Prairie, WI
Real Estate in Kenosha, WI since 1994 262-308-3563

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.

May 24, 2018 05:10 PM
Rainmaker
3,331,943
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

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

May 24, 2018 01:22 PM
Rainmaker
4,123,116
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

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.

May 24, 2018 12:43 PM
Ambassador
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

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.

 

May 24, 2018 12:14 PM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

No. It is not.  My clients are well informed and make buying decisions they are comfortable with. 

May 24, 2018 11:11 AM
Rainmaker
3,469,877
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Cleve Bellar it does concerns me.

May 24, 2018 10:51 AM
Rainmaker
527,095
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

It has happened to me a few times. We just move on. No big deal.

May 24, 2018 10:22 AM
Rainmaker
645,848
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Santa Clarita & Aliso Viejo

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

May 24, 2018 10:12 AM
Rainmaker
70,634
Ricardo Mello
Manhattan Miami Real Estate - Manhattan, NY
Manhattan & Miami Real Estate Agent

Definitely!

May 24, 2018 10:10 AM
Rainmaker
1,154,075
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

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.

May 24, 2018 04:44 PM
Rainmaker
911,536
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

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.

May 24, 2018 03:20 PM
Rainmaker
1,387,828
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Not a concern for me.

May 24, 2018 02:51 PM
Rainmaker
1,525,305
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

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.

May 24, 2018 01:27 PM
Rainmaker
1,640,286
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

Not one bit in our market areas

May 24, 2018 01:22 PM
Rainmaker
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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

🎶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!

May 25, 2018 01:50 PM
Rainer
92,032
Jon K. Judd
Keller Williams Realty - Central Delaware - Dover, DE
GRI, e-PRO, SFR, Delaware Homes

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.

May 25, 2018 08:51 AM
Rainmaker
889,317
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

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.

 

May 25, 2018 06:34 AM
Rainmaker
3,069,984
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Only if there is such a clause in the contract!

May 25, 2018 05:54 AM
Rainmaker
4,799,501
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It is always a concern.

May 25, 2018 05:34 AM
Rainmaker
365,454
Jay McHugh
SendOutCards-Appreciation Marketing Expert - Acton, MA
YOUR SendOutCard Mentor

Never.....

 

I go over this very well with my buyer clients...explaining the highs and lows of emotions etc.....   

May 25, 2018 02:48 AM
Rainer
87,820
Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

No. 

May 25, 2018 12:02 AM
Ambassador
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Cleve Bellar - not in this market!

May 24, 2018 10:47 PM
Rainmaker
822,252
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Don't rush your buyers into deals they might regret.

May 24, 2018 06:30 PM
Ambassador
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

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.

May 24, 2018 06:05 PM
Rainmaker
702,162
Steve Higgins
RE/MAX Kelowna - Kelowna, BC

No it's not a concern for me. There is no point worrying about something that may or may not happen.  

May 24, 2018 06:02 PM
Rainmaker
4,017,133
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

It happens but maybe only 1 out of 30.

 

May 29, 2018 05:10 PM
Rainmaker
3,985,875
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

yes, always!

May 28, 2018 06:17 PM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

After years in the business, I can usually tell.

May 28, 2018 11:58 AM
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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Always!

May 27, 2018 11:22 PM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

May 25, 2018 11:32 AM