Did you know there’s such a thing as seller’s remorse? Just like the cold feet that buyers may experience, sellers may experience remorse when they are not sure they made the best decision.
Oftentimes, this doubt develops if the seller was never really motivated in the first place to sell their property – and if they didn’t have a very good reason to do so.
Today, I’m going to tell you a little bit more about seller’s remorse and how you can avoid it happening to you.
Home Selling in Plymouth, MI
Like I said before, seller’s remorse happens when a home owner realizes they made a mistake in wanting to list their property and they decide they don’t really want to sell their home after all.
This can happen for multiple reasons. Perhaps they were peer-pressured by loved ones to list the property. Perhaps they saw the uptick in home sales in the area and wanted to capitalize on that activity as well.
But ultimately, sellers can come to the realization that they don’t really want to sell their property after all. In the end, being unprepared for selling a home on the Plymouth, MI housing market can be a waste of time and energy – and sometimes money.
If you don’t want this to happen to you, here are some ways in which you can prevent seller’s remorse:
- Consider the entire home selling process and have a plan (such as a relocation goal) for when the property sells.
- Make sure you have a strong incentive to sell – whether it be the house is too small/big, you want to downsize, you want to upgrade, you want to live somewhere else, etc.
- Take the time to discuss your wants and needs with your real estate agent.
- If you want, make a list of pros and cons for selling your property. The benefits should outweigh the drawbacks if it’s the right time to sell for you.
- In the event there’s concern that you’ll have nowhere to go if you sell your home, add a contingency to the contract that gives you a period of time to locate to a new home without being obligated to sell your property to the buyer if you can’t find a home during that period of time.
The sooner a home owner realizes whether selling their property is the right thing to do, the better!
After all, the deeper you get into the home selling process, the more it’s going to cost you time-wise and money-wise.
Plymouth, Michigan Real Estate
Ultimately, it’s important to ascertain for yourself whether home selling is right for you, but by talking with an experienced REALTOR®, you may be able to get some additional insight.
So contact us, Lee & Noel Bittinger, today to determine whether this is the right time for you to sell on the Plymouth real estate market.
We’ll offer you expert and unbiased advice as well as such helpful resources as:
Until next time,
Noel