Sellers Guide: Avoid Seller’s Remorse

Sellers Guide: Seller’s Remorse

It’s no secret to anyone that the Windsor real estate market remains hot and remains firmly in the hands of the sellers. Sure there may be some signs of some balancing happening, middle-level homes seem to be balancing out while the high-end homes are subject to more bidding wars, we are still considered to be in a sellers market. With this comes the thought “this is a great time to sell” and that rings somewhat true. Yes, people are eagerly looking for Windsor homes. Search histories are full of houses for sale in Windsor and homes for sale Windsor, Ontario. If the time is truly right, a chat with your Windsor REALTOR® can help you determine this, then be prepared for the Seller’s Remorse.

In a hot market, there's an ailment common among seller's. ⁠We call it Seller's Remorse.⁠ We know what Buyer’s Remorse is, the feeling after spending money, typically a larger purchase. However, Seller’s Remorse can set in after you sell your home. Not because you’re upset you sold your home, this decision should’ve been made well before you listed.

Say you sell today for $X and then see a similar home down the street sell for $X + $Y a week or two later. ⁠Your post-sale excitement quickly turns to thoughts of self-doubt and regret. ⁠You may ask yourself, “should you have waited? Did you make the right decision? Were you taken advantage of? “ The answer is almost certainly always, no, no, and you guessed it, no.

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In a market where demand is high and there's upward pressure on prices every new sale is likely to be a new high. ⁠If you sell your home today, the home that sells in a week or two weeks from now down the street will most likely sell for more money. So be prepared to catch a case of Seller's Remorse if you decide to sell. Here is the reality, you didn’t leave money on the table, you didn’t make a mistake. ⁠In fact, you got the most money possible at that moment and selling right now freed you up to buy your next home. ⁠

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It's human nature to second guess our decisions.⁠If you are selling your home, be ready for it but realize that you can only sell in today's conditions, not next week's or next month's. Also realize that while someone got more than you because you reset the market, you most likely got what you did because of someone else selling and resetting the market.

Here at Jump Realty our agents will give you honest advice on what course of action is best for you in their professional opinion and will always put taking care of your best interests first! With offices in Windsor, Tecumseh, Kingsville, and Chatham, no matter where you are a Jump agent is ready to help. Please contact us for any housing needs and let us give you a better real estate experience!