Escrow-Interruptus

UnknownMusing about Buyers Remorse. That torturous aspect of real estate that seems to take great pleasure in showing up like an unwanted guest in the middle of so many escrows. I’m sure we Realtors use the phrase too much. Extend the fragile umbrella of its meaning too far into the twisting wind. But what else can we call “it”?

There has to be some way to talk about those clandestine meetings that arise in our clients’ heads when they’re navigating something as huge as buying a house. There’s got to be some common term for the cascade effect that occurs when people’s worry centers start throwing “What-Ifs” wildly up into the air like pingpong balls in the lotto game of life.

There has to be some language that captures those scary moments when buyer emotions ratchet up because real life is suddenly on the verge of becoming more real. When dreaming and talking get squeezed by events into the necessity of actually doing and
deciding. And rush past the tipping point of no return. From Offer to Negotiation to Acceptance to Deposit to Inspections to Release of Contingencies to Sign-Off to Close. Yikes! OMG! What if I make a mistake? Will God give me a Mulligan?

Yep. Buyers Remorse – a staple of real estate. A dish found hanging around the table whenever the heat gets turned up in the kitchen and the escrow pot starts boiling. A daily special cooked and served up in all kinds of strange and interesting ways. Steamed.
Grilled. Poached. And definitely fried. Funny, the more ways Buyers Remorse gets prepared. the more unprepared I seem to be when it rears its all-too human head. Call it an occupational hazard – the spectre of escrow-interruptus still lurks like a shadow around every corner.

Look at how the process is designed. No wonder it scares the hell out of just about everyone. The first thing that happens is that Buyers fall in love with a house. They get swept up in the emotion of it and make an offer that get’s accepted. So far so good.
But happens next? They hire the equivalent of several private detectives in the form of Home Inspectors and Termite Guys to come and tell them everything that could possibly be wrong with the very thing that they just fell in love with.

They pay people money to test their resolve and break the bonds of emotion captivating them. At the same time their Agent hands them a thick tome of information about all the secret big things about homes that could harm them. Asbestos. Radon Gas. Lead Based Paint. Floods. Earthquakes. Who knew there were this many horsemen of the apocalypse?

Buyers Remorse isn’t some awful aberration of the psyche. It is something that’s infinitely normal. Is there any buyer on the planet that doesn’t wake up at least once during the course of escrow plagued by tremors of doubt and at least the mild choking
sensation of existential terror? If so, then they must be living life as an automaton. Without the benefit of the normal emotional chip the rest of us were born with.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s