;
RSS

Buyer Exhaustion & What You Can Do About It

Buyer Exhaustion & What You Can Do About It

Buyer exhaustion. It's rampant right now. But don't let it get you - your time is coming!

The 2021 housing market has been spicy hot - Sellers are enjoying multiple offers and aggresive pricing strategies driving anyone looking for a home into multiple offer scenarios. 

However if you are on the other side of that table clutching the blazer of your supportive and hardworking real estate agent, hoping to all heavens that they will choose your offer this time... the joy is probably less so.  The fear of having to stick it out with your parents a little bit longer may be driving you to mental-drink. 

Buyer exhaustion is a feeling of helplessness, fatigue, and frusteration. Wanting to give up the hunt, and just give up on the dream of being a home owner. Everyone will experience it differently, but there are a few ways to move through it and keep it at bay to meet your goals. So let's talk about it.


1. It's business - not personal.

I know - its difficult not to get your hopes up. Buying a home is often very emotionally driven. Excitement, anticipation, doubt, stress... All of the above - talk about your full throttle emotional experience for most. My advice? Don't. Do. It. This will take some training - but there is a reason the old adage is "it's business not personal". It makes it easier to deal with. Go into your offer process with the best mental foot forward. This is a business transaction nothing more. Mind tricks can work if you do them right, and train your brain into a new way of approaching the situation. 

2. Know that your time will come

There have been too many times where I have been on the buyer side of the table with my whole body laced with disappointment and frusteration at the market. My then brokers, and now partners - Lori Roberts and Lindsay Barlow kept telling me "It just isn't it". At the time I was always skeptical, and felt like thats just something your people tell you to get you through the thick peanut buttery disappointment. But time and again they were right - it just wasn't it. We ended up finding a home that was much better, it was at the right time, and had better features for us. Your time will come - patience is a virtue. 

3. Adjust some expectations

Going for the perfect fit right out the gate? The home that everyone else on the block is also probably spying on? Adjust the expectations - look for something that suits your overall needs, but needs alittle love. Looking at a very specific area? Adjust a few miles over or a town or two, it opens up your scope and makes the inventory you are looking for more expansive.  It's worth a shot!

I often wonder how many wonderful properties are dismissed by buyers based on poor pictures - or just homes where pictures don't do them justice. I can tell you the home I write this from is wonderful, and we almost didn't take the time to look at it because the pictures on the listing weren't great, and I worried it would be a waste of time. Take the chance - the worst that can happen is you find a style you know you don't like. 


These may not all work for everyone, but please don't be discouraged - someone has to buy the house- and when its the right one it will be you! 


If you are interested in diving into the house market or making a move please email me at movewithcandicek@outlook.com, and let me show you how I can work for you!

* This post is not intended to solicit anyone currently under representation

Comments:

No comments

Post Your Comment:

Your email will not be published
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website. The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Toronto Regional Real Estate Board. The data is deemed reliable but is not guaranteed to be accurate.