Oct
19

Question of the Week: In Real Estate, Who’s a Bigger Pain: Buyer or Seller?

Ever had a series of open houses and sat in your car across the street while picky families with turned-up noses marched right out of your front door? Ever dismayed at a tiny condo that was over-renovated and way overpriced?  

Well it’s fall, and In the fall, real estate experiences a short spike as people rush to buy and sell their homes before the holidays. Are you in the throes of buying or selling?  Well if you are, then get ready for some nerve tattering.  Real estate dealings are some of the most emotionally charged experiences a consumer can have, and to help us decide which side is worse off – the buyer or the seller – we’ve asked some people, out there, to weigh in. What’s your take on it?  



Ever been on either side? Who boils the blood more -- buyer or seller?    

Question of the Week appears every Monday on Stylesheet and on FoodNetwork.ca's Food For Thought.

 

Comments:

I've been both but sellers are the ones who can make the transaction a living hell by making visitations difficult and trying to manipulate buyers into bidding wars... grrrr

October 19, 2009 4:49 PM

 

I have yet to be a seller, but I agree. I think the buyer gets to be much more of a pain.

October 19, 2009 4:53 PM

 

I believe the seller is more of a pain. They have a harder time separating their emotions from the business. They generally expect more than the house is worth.

October 19, 2009 5:51 PM

 

I am neither buyer nor seller, but I perceive a certain amount of bias and it seems quite clear that those on the buying end will feel hostility toward the seller and vice versa. I imagine that both are going to try and pinch a penny and milk it for all it's worth. I mean, isn't that the name of the game? ...or should one simply oblige ..."certainly, your house is worth much more than I'm willing to pay, so it's a deal!" or "I feel so bad selling my house to you at such a high price, so how about I just gift it!" ...'Ziff!

October 19, 2009 7:13 PM

 

I've been on both sides of this pointy fence and I hope I never have to do it again.  I'm one of those people that hates "waiting to see what happens".  If I like something, I have to have it.  So, being the buyer was really difficult for me, since my husband is a negotiator.  Back and forth and back and forth...when you're spending hundreds of thousands of dollars, what's a few more either way?  Just be done with the deal and that's it.  

From the selling standpoint, its the same thing.  You either like my house and want it or you don't.  Don't insult me by trying to low-ball me.  If I thought my house was worth $20K less, I would have listed it for that price.  Why all the back and forth?  I find it frustrating, emotionally draining and usually disappointing.  

The whole process is crazy.  Housing prices are crazy and bidding wars are unbelievable.  I'm happy I live in the 'burbs.  Life is a little bit easier up here.

October 19, 2009 11:11 PM

 

Well, I have only been a buyer, and had a pretty easy go of at as I wasn't doing the research - my wife did it. I didn't have to look at anything until she found something she liked. Makes sense because if she didn't like it, there was no point in me seeing it as we both had to agree... Hope to never be a seller. Feel like it would be gross to have all those people go through your house. Then to deal with offers that are less than - in the sellers eyes - satisfactory. Being a buyer was easy - for me - we only put an offer on one house and got it. I would think selling is worse, but my experience is not the norm...

October 20, 2009 11:10 AM

 

Buyer!!! The people we sold to were a couple of pieces of work who tried to make a shady deal after paper workhad been signed and then tried to hold money back unless we provided a life time guarantee on the new roof. From what I hear from my old neighbors, they are not well loved on the street as owners either.

October 20, 2009 12:13 PM

 

I’ve been on both sides and, after my most recent experience, I think it’s quite possible that it’s neither the buyer nor the seller who is the real problem—it’s whoever their agent is (and I recognize that this doesn’t apply to all agents). As sellers, on at least a dozen different occasions we’d be alerted to a viewing appointment, find somewhere else to be for an hour and then arrive home only to hear a key in the door a few minutes later as the agent and their client were just arriving. Or we’d have, say, a viewing booked from 5:30-6:30, come home at 6:30, make dinner and then hear the key in the door while we were sitting at the dinner table at 7:30. Or we’d stay away for an hour and then they just wouldn’t show up at all. Or we’d have a viewing booked and be getting ready to leave and they’d show up 20 minutes early. I could go on and on. Even if the clients are late, or change their minds, it’s the agents who are responsible for booking—and keeping or cancelling—their appointment times, and too many of them just didn’t seem to care that there were actual people they were affecting.  I know a certain amount of inconvenience is to be expected when you’re selling, but this absolute lack of consideration—and how often it occurred—surprised us. Selling your place is stressful enough without having to worry that some stranger is going to walk in on you in your underpants (or some other equally horrifying situation) while you’re getting changed after work!

October 20, 2009 1:13 PM

 

My husband was caught coming out of a shower!! 2 hrs early!

October 21, 2009 2:10 PM

 

My spouse is in the military and we move every couple of years. So I have been on both sides of the real estate game.

I find both sides can be a good experience with the right realtor by your side.

The biggest pain is my spouse, whether buyer or seller..it's either too much or too little money!

October 21, 2009 2:35 PM

 
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