5 Reasons Home Buyers Change Their Minds about Writing an Offer

5 Reasons Home Buyers Change Their Minds about Writing an Offer

It’s not uncommon for homebuyers to change their mind about writing an offer on a home. One minute they are excited to submit an offer and the next minute they decide against it. Sometimes it’s because they got cold feet, but other times it’s because something happened along the way. Below are 5 of those reasons why a buyer might change their mind about writing an offer.

5 Reasons Home Buyers Change Their Minds about Writing an Offer

The Seller Talked Them Out of It

There are countless reasons why a home seller should never be home for showings, but one of the main reasons is because some sellers will talk a buyer right out of making an offer on their home. Now, not all home sellers will talk and give the prospective buyer the nickel tour of their home pointing out every little thing they’ve ever done to it. However, some will and along the way ask the buyer a million questions making them uncomfortable.

When are you looking to move? Are you paying cash? Do you have children? Then there are the sellers who aren’t “desperate” and let the buyer know. Telling a buyer they don’t have to move or aren’t going to “give their home away” might prevent a buyer from making an offer as well.

The Listing Agent Talked Them Out of It

Unfortunately, sometimes real estate agents talk prospective buyers out of making offers too. Just like home sellers, some agents won’t stop talking and their words might just cost their clients an offer. When an agent keeps telling the buyer the community isn’t gated, but is safe might make the buyer wonder how safe it is. There is certainly a time and place for listing agents to accompany a showing, but it’s always best to be seen and not heard.

Multiple Offers on the TableTalkative Sellers, Tenants and Agents Can Kill a Deal

Is a bidding war taking place? Even when a buyer falls in love with a home and is excited about making an offer they might change their mind if the seller received multiple offers.

Not all home buyers want to get involved in a “bidding war” even if they have a strong possibility of winning it. Some buyers want to negotiate and don’t want to submit their “highest and best” while others think the only way to win is by overpaying, so they don’t submit an offer.

Unrealistic Pricing

When a home buyer is looking at homes they rarely know or look at the neighborhood sales. Most of them will assume the list price is in line with the market. However, when they’re ready to write an offer they’ll want to look at recent sales and offer accordingly. So when they discover the home is overpriced they may not write an offer at all. Some feel it’ll be a waste of their time because the seller is unrealistic and they aren’t going to overpay.

Found Something Better

Some home buyers never stop looking even when they find the perfect home. So if something better comes along before they sit down and write an offer they might change their mind. In fact, some home buyers continue to look even when they’re under contract on a home if they have the option to cancel the contract.

Final Thoughts

There are several reasons why a home buyer might change their mind about making an offer on a home. Some of these reasons can be prevented, but others cannot. If you are a home seller don’t get excited about an offer until it’s in your hand because. While you were told an offer is coming in it may never happen. Homebuyers, never feel pressured to submit an offer. But try to keep an open mind and don’t let a seller or agent prevent you from making an offer because they annoyed you.

If you think this article, 5 Reasons Home Buyers Change Their Minds about Writing an Offer, was an interesting read please give it a share!

It's not uncommon for buyers to change their mind about writing an offer on a home and here are the 5 biggest reasons they change their minds #homebuying #realestate Click to Tweet

 

Additional Real Estate Advice from Top Professionals

About the Author

The above real estate article 5 Reasons Home Buyers Change Their Minds about Writing an Offer was written by Michelle Gibson of Wellington Florida Real Estate. Specializing in residential real estate since 2001 in Wellington and the surrounding area. Not only does Michelle assist buyers and sellers, she assists landlords and tenants too. She would love to share her expertise and guide you through the entire real estate process.

We service the following areas; Wellington, Lake Worth, Royal Palm Beach, Boynton Beach, West Palm Beach, Loxahatchee, Greenacres, and more. If you are considering selling your home, we welcome the opportunity to work with you and list your home with a top Realtor in Wellington Florida

5 Reasons Home Buyers Change Their Minds about Writing an Offer

2 thoughts on “5 Reasons Home Buyers Change Their Minds about Writing an Offer”

  1. I’m finding the unrealistic pricing to be an issue here. I tell my clients to pick the best fit from the available inventory in their price range. They can’t go back in time and pick a home they loved last year.

  2. The one reason I find most often is the seller. Either pushing too hard or not preparing the home for the showing and/or inspections.

Leave a Comment

Your email address will not be published. Required fields are marked *

ABOUT

Michelle Gibson Wellington Florida REALTORMichelle Gibson of the Hansen Real Estate Group Inc is a full-time REALTOR who has been specializing in Wellington Florida real estate since 2001. This veteran of the real estate industry has expertise in technology, marketing, and social media.

REAL ESTATE BROKERAGE SERVICES

Hansen Real Estate Group Inc. is a full-service real estate brokerage specializing in residential real estate. As a customer-focused, quality organization, we achieve success one client at a time. Call 561-333-0446 or e-mail me today at [email protected]

Michelle Gibson and Hansen Real Estate Group Inc fully support the principles of the Fair Housing Act and the Equal Opportunity Act. Accessibility Statement

RELOCATING

If you are thinking about buying, selling, or renting your home, townhome, condo, or other Real Estate in the following areas; Wellington, Lake Worth, Royal Palm Beach, Boynton Beach, Greenacres, Loxahatchee, Royal Palm Beach, Lake Clarke Shores, West Palm Beach, Palm Beach Gardens, or Jupiter there are thousands of Realtors to choose from.

However, it doesn't cost you any more to work with a top Realtor in Wellington Florida. I would welcome the opportunity to show you how I get outstanding real estate results for all of my clients. If you are looking for a top real estate agent in Palm Beach County Florida who will make a difference you have come to the right place.

Use this real estate website to learn more about moving to Wellington Florida, living in Wellington Florida view homes for sale, homes for rent along with real estate market reports for the most popular communities that Wellington Florida has to offer.

© 2021 · Wellington Florida Homes for Sale and Real Estate · All Rights Reserved by the WellingtonHomeTeam.com

Scroll to Top