Analyzing your feelings early on will make the selling process smoother, but even if you spent some grieving time before you put your house on the market, it's still normal to feel some pangs of sadness during the closing. While it's easy to tell yourself that you're overreacting, overcoming remorse isn't a simple process. Feeling the roller coaster of emotions is normal, but if you let your feelings cloud your judgment, it could negatively affect a sale. Here are some of the most common seller emotions and some tips for keeping them under control.
More than a third of Americans admit to crying during the process of selling their home, and not for sentimental reasons. According to recent data from the real estate website Zillow, the stress of selling left 36% of adults crying, and 20% crying five times or more. Seller remorse occurs when a homeowner regrets the sale of their home. These feelings of regret can be caused by several causes.
Maybe they didn't want to sell their house, but they felt they needed it. Maybe they didn't need to sell it at all, and that's the problem. The discussion helps sellers navigate the process, while allowing Tyre to understand how to approach the home sale from a professional perspective. Nearly 7 out of 10 respondents said they miscalculated how long the sales process would take, and more than a third said the sale took longer than expected.
Feelings of anxiety are replaced by joy as the seller regains confidence in their ability to succeed. So, selling your house becomes an opportunity for you to move to a different chapter in your life. Of those who have cried, 70% said that uncertainty about the sale price caused the most stress, 69% worried that their home would not sell in the desired time frame, 65% thought an offer could fail, and another 65% were stressed about renovations. Applying this division of church and state to the sale of the home can absorb some of the excitement of the process.
On the other hand, it may be worthwhile for the buyer to seek damages if their decision to withdraw from the sale results in significant inconvenience and financial disadvantage. The reason a seller feels remorse is often based on emotion, not logic, but these emotions can cause significant problems for buyers and agents involved in the sale. Above how you feel about the selling situation, you should find out the tough finances and timing of this sale. Then there's the fact that you can feel attached to your home because of all the time and work you put into improvements.
Hopefully, this list will help you feel a little more comfortable with what you are feeling, or what you may feel, during the process of selling your home. If a seller concludes that the sale of their home is a mistake and no longer wants to sell it, they will most likely have a serious case of seller remorse, whether or not they have a “good reason why they feel that way.” No matter how a salesperson feels about selling their home, they only have a limited amount of time to act on those feelings. Low inventory and high buyer demand mean it can take time to find your next home, and this makes many sellers wonder where they will go if their current home sells quickly. If you have any other questions or would like more information, feel free to call or email me.