Buying Your Property in Orlando. Every seller in the Florida real estate market has to swallow one bitter pill: not every deal closes. Potential buyers can easily back off from buying your property even after an agreement for several reasons, such as securing a better deal elsewhere, mortgage/financial issues, or second thoughts. No matter what the reason is, you’re probably thinking, as a seller, what you can do to stop a deal from going sideways.
In this post, we’ll share how to make sure a potential buyer doesn’t back off from buying your house in Orlando, Fl.
2 Ways to Ensure Clients Don’t Back Off From Buying Your Property in Orlando
While there’s no way to ensure the client returns after backing out, you’re probably the only one that can bring them back. One thing is for sure – if a client is backing out at the last minute for reasons that you can address, you can get them back on board using the following ways:
1. Streamlined Paperwork
You might not enjoy or fully comprehend the paperwork side of a home sale, but this is where an Orlando realtor comes in. They understand what it takes to professionally seal the deal by streamlining the paperwork throughout the showings and negotiations. Plus, it’s their job to assess the buyers and evaluate their circumstances and interest level before bringing them to you. Handshake deals are a thing of the past, especially in the real estate business; thus, you need to ensure that the party is fully committed to the deal and get them to sign before they get any second thoughts. Once the papers are signed, you can remind the client of the legal consequences of backing out and seek compensation for any financial damages you’ve sustained, such as rejecting offers from other buyers and prolonging their sale.
2. New Price
Sometimes, clients back off from buying properties after finding a better deal, especially in the same neighborhood. While many consider this a negotiation tactic to lower the asking price, this isn’t always the case. Florida’s real estate market quickly turns into a buyer’s market following the pandemic with more renters than buyers. Therefore, people are ready to pounce at better opportunities, and one way to prevent them from backing off is by lowering the asking price, which could force them to reconsider. However, this doesn’t mean you should sell your house for less than its worth. You can hire a Florida realtor to estimate your property’s minimum sale value, so you control the margin accordingly.
Looking for an Experienced Florida Realtor?
At Megan Dowdy Realty, we know what it takes to close a deal. Our team of experienced Orlando realtors thoroughly assesses both buyers and sellers to ensure that both parties are legally and ethically sound. By streamlining and recording every step of the process, we can ensure that potential buyers don’t back off from buying your house with solid pre-evaluation and contingencies.
So, if you’re looking to sell your property in the Winter Garden, Windermere, Ocoee, Clermont, and other neighborhoods in Orlando, Fl, visit to get in touch with our team by calling 407-509-9279.