Whether your home has been on the market for a year or a week, having a potential buyer is exciting. Before you even put your home on the market, you and your agent have put in hours and hours of work preparing and marketing your home. So, once it seems like you might have a buyer, it is easy to get anxious over when things will become official. But it can take some time between a buyer unofficially expressing serious interest and actually taking over ownership, and stalls can happen at any point in the process. If you are looking at putting up Denver Colorado homes for sale, take a look at some common reasons why potential buyers may stall officially buying during this period:

They’re letting the decision settle

If you have been playing the real estate game for a while, it can be easy to forget what a big decision buying a home is. From the seller’s end, for the most part, as long as the financials look good, the decision to sell to a certain buyer is easy. But the buyer has to consider many different aspects of the home, the financials, and yes, even the seller. Especially if they are first time home buyers, this life-altering decision can cause anxiety.
Letting the dust settle after initially considering the possibility of calling a home yours is common. While very motivated buyers may want to go full speed ahead, you may find that your right buyer needed a little more time to feel comfortable with the decision. This is “sleeping on it” in a broader sense of the term.

They’re still shopping around

This doesn’t mean that they’re totally unsure about your home. It could be that your potential buyers want to gather more information on the market, similar homes, and other data to make sure they’re getting the right deal. It’s like finding a great pair of shoes, but looking around anyway just to make sure there isn’t a similar pair out there for cheaper. Odds are, this is just confirming what they already know, and getting the reassurance that this is the right house for them might take a little more market scoping.

Not everything’s right

Your buyer may be stalling because the house isn’t exactly what they wanted. They could still be interested, however, because the totally perfect house is difficult to find, and many homeowners are open to compromising. Perhaps one member of a buying partnership has some misgivings. These types of buyers may stall because they are hoping for a price reduction or to motivate the seller to accept a lower offer, or they may just be taking their time considering a home that doesn’t have everything they wanted.

About PorchLight Real Estate: PorchLight Real Estate Group has the most experienced and knowledgeable Denver real estate agents in Colorado. For more information about homes for sale in Denver CO or specific neighborhood homes please visit www.porchlightgroup.com.

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