At some point during or shortly after the sale of your home you may become paralyzed
by a gripping fear that you’ve sold or are about to sell your house for less than it’s worth.
This is a case of seller’s remorse and it can come in a variety of shades. Perhaps you’re
upset about leaving the neighborhood or selling the home in which you raised your
Experiencing seller’s remorse is not uncommon, after all, the home sale transaction is one
of the largest financial transactions you’ll ever make and it’s one that’s wrought with
emotion. Your best defense against a paralyzing case of seller’s remorse is to have a
thorough understanding of why you decided to sell in the first place and to know that you
initially arrived at an equitable and profitable sale price. Here are some additional tips
that can help you battle seller’s remorse:
- An established set of motives listing why you decided to sell can come in handy
should you find yourself in a panic over a fast or imminent sale. The list can be a
simple garden-variety list of selling pros and cons. If your decision to sell was
initially well thought out and well planned, your list of pros will outweigh the
cons. Review the list (often if need be) and you’ll likely lose the feeling of doom.
- Diligently select your Realtor and be sure to fully participate in negotiations.
Trusting your representative and knowing that you negotiated to the best of your
ability may help stave off a bad case of seller’s remorse, particularly if you’re
prone to obsessing on the final sale price. Just because your home sold within a
few days of listing doesn’t mean the home was under priced—it may simply mean
that the home was properly priced and your Realtor did an excellent job
marketing the home to prospective homebuyers.
- Reviewing for-sale home ads and visiting open houses may also help you come to
terms with your final sale price. You’ll likely learn that there really aren’t home
sellers out there who are getting more money for a lesser house. If you go down
this road, keep in mind that asking prices are just that and it’s the final sale price
Talk to friends and neighbors who’ve sold homes and learn about how they dealt
with seller’s remorse. It may help just knowing that the remorse is a common
byproduct of this emotional transaction and that your feelings of dread or regret
will fade with time.