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how do you deal with the anxiety of selling home
So we are 4 months in to the home selling process and I have developed extreme anxiety. The waiting for an offer is killing me. So back at the end of July/Beginning of August we had a showing and the person expressed a lot of interest in the house and wanted to put in an offer. Our agent relayed the information.. then we spent 2 weeks waiting for the offer. It drove me nuts, especially since we couldn't agree on terms. The person still needed to sell their current home, which was listed FSBO and was offering less than what we were willing to take at the time (we were only on the market for 1 to 1.5 months at the time and was having great traffic and had no negative feedback).
So here we are again, another couple came through at our open house 2 sundays ago. There were serious buyers (still would need to sell their home), The information relayed between the open house hosting agent and our listing agent made it sound like the only factor that may be holding them up is that our laundry is on the 1st floor and they would like it in the basement. This would be no big deal because a storage room in the basement can easily be converted to a laundry room. So then we hear that the hosting agen is going to take them to see a few more places in our area. After that we hear our house stands out due to the large finished basement with extra kitchen. We wait again, then we hear they are looking at similar homes in a different county (lower taxes). Our agent is relayig information as it comes in to her. The last we hear is that the couple is going away for the weekend and the hosting agent expected a decision on Monday. We wait and wait and there is no decision. At this point the waiting is driving me nuts, I just want to know are they still a viable/potential buyer.
Not only am I driving myself nuts, I am driving my husband nuts and it is negatively affecting our marriage. From the beginning I was hesitant on selling the house (we don't need to move but we would like to move from our townhouse to a single family) and now that we started the process it has consumed me. Help!
Re: how do you deal with the anxiety of selling home
Ignore any comments until you have an offer - then deal with the contingencies.
Have you lowered the price during the 4 months on the market? Are you in a hurry to sell?
Yes, we have already lowered the price, about 2.5%.
We aren't in a hurry to move. We are staying in the same area and our th is plenty large enough, we just want to move into a single family home.
I don't consider MOST buyers who need to still sell their own home, serious. They are in many cases, just window shopping.
Serious buyers are those whoa re ready to move and sign on teh bottom line. That's serious.
If you can stay focused on what a true serious buyer looks like, it cuts out a lot of stress.
Also, no one should be shown your home by an REA who does not already have a bank's preapproval lined up. Buyers without bank/lender letters are not serious.
This. I would also suggest not spending another minute following the actions of any potential buyer so closely. First, you will appear desperate and that only encourages buyers to make lowball offers. Second, as you noted, you are going to drive yourself and your husband crazy.
Focus on getting back to life as usual. Go on a date. Spend time with friends. Do the things you would normally do if your house was not on the market. Offers will come in sometime, but nervously waiting for them will not make them come in any sooner.
I know what you're going through, we had a house up for sale a few years ago during the worst part of the home market depression. It took us over 2 years to sell my house. In retrospect, I'm glad I followed the same advice I gave you...I stopped putting my life on hold waiting for an offer. Enjoy life a bit, and take a break from thinking about the house sale.