How To Battle Buyer Fatigue

More listings are beginning to hit the market, giving buyers more options. However, after competing in bidding wars for months on end, “buyer fatigue” has settled in for many. 

According to an article by Redfin last month, 7 out of 10 buyers are still facing bidding wars. After losing a handful of bidding wars, any average person would begin to lose momentum and excitement for finding a home! Buyer fatigue is starting to slow down some buyings to others completely putting on the brakes and signing a rental lease.

Below are some tips to help fight against buyer fatigue and give your buyer clients one of the most valuable things, hope!

  • Reintroduce buyers’ priorities and initial motivation. Why did they start looking in the first place? What was the reason for their initial excitement?
  • Continue to show professionalism. Don’t share negative memes or status updates about the market, instead share valuable information and solutions!
  • Be clear with expectations before and during the home buying process. Let clients be aware they may lose a few bids, but many others are in similar situation.
  • Reevaluate their “must haves”. Maybe buyers could broaden their criteria in order to have more homes to view!
  • Be understanding. Purchasing a home can be stressful and even emotional, especially when it is someone’s first home. Be understanding of why they may feel the way they do.

Found this blog helpful? Want to see more? Then join our newsletter by emailing us at [email protected].

Don’t forget to follow us on socials, we’re on FacebookInstagram, and LinkedIN! 

Posted in

Anne Shoemaker

I am Anne Shoemaker, owner and founder of Virtual Real Estate Support. After a successful career as a realtor, I moved into the virtual real estate assistant business in 2002. I have a strong passion for real estate allowing me to understand the time and details that go into the everyday life of a realtor. My knowledge of internet technology and real estate marketing has allowed me to ease into being a virtual real estate assistant. he Real Estate Industry is ever-changing. One thing holds true having an assistant who is connected to your needs is essential to leveraging productivity. Diverse in numerous real estate platforms we are flexible to your needs. As your Real Estate Virtual Assistant we become your resource for implementing technology to streamline your processes and expand your online presence to build your business. We allow you to spend less time “at your desk” doing routine administrative tasks and other tedious but important mandatory tasks required to maintain and increase your business. You can increase your time “out in the field” meeting with clients, showing houses, negotiating and most importantly spend time with your family.