We’ve all heard of “buyer’s remorse,” but have you heard of
“seller’s tears”?
More than a third of people who’ve sold their homes say they
have shed tears over the experience.
A recent study of consumers’ ranked selling their properties
as one of their most stressful life events—along with getting fired or planning
a big wedding.
36% of sellers interviewed, admitted sobbing over the
experience. One in five of the people surveyed said they cried five times or
more while going through the process of selling their property.
“If you’ve ever sold
a home before, you know how daunting the process can be,” Zillow’s Jeremy
Wacksman said in the report. “Anticipating that stress can be a huge obstacle
that keeps homeowners from moving on to the next stage of their lives. Our
survey found more Americans were stressed over selling their home than planning
a wedding, getting fired or becoming a parent.”
What is this all about? Homeowners say that uncertainty
about their home’s sale price, worries that the property wouldn’t sell and
pressure to fix up the homes triggered the tears. Neighbors, friends and relatives, trying to
be “helpful” by giving advice, often only serves to add more stress to the
situation.
Even though home prices in most neighborhoods have more than
recovered from the 2008 crash, some sellers have high expectations, and when
the market doesn’t seem to agree, and their real estate agent suggests a price
adjustment, it becomes a source of consternation.
Since 60% of the folks Zillow talked to were also buying
another property, buyer jitters added more stress to the already complex
situation.
The important takeaway is to recognize that selling or
buying a home is probably one of the largest financial transactions in most
peoples’ lives – be prepared - it will be stressful. Seller should avoid taking advice from
well-meaning people who are not experts, and who are not familiar with their
situation, and instead trust their professional advisors, stay focused and know
that in time, all will be resolved.
Source:RISMedia,”Nothing
to Cry About: More Than a Third of Home Sellers Get Weepy Over the Deal,”
Steve Brown, 2019 The Dallas Morning News, Distributed by Tribune Content
Agency, LLC
No comments:
Post a Comment