Blog Buyer It's three words no agent wants to see attached to a listing: Back On Market.

It’s three words no agent wants to see attached to a listing: Back On Market.

By Tracy Dau, June 14, 2019

While the Urban Dictionary describes the phrase, back on the market to reference a person who either was in an exclusive relationship or newly divorced and is dating again, so they are ‘available’ (much like a fresh chicken at the supermarket), in real estate, it feels like being hit by a tsunami.  When a house goes from “active” (for sale)  to pending status, and then suddenly appear back on the market, what was once “new” to the market now appears old.  With just the snap of a finger, your listing has now aged (dramatically).  Hopefully, you have a back-up offer that still wishes to go in back-up and hasn’t already found another house.  You hope for that. But if you don’t have it… you might be slightly screwed…….
Unfortunately, many buyers and their agents will immediately think there is something wrong with the property and make assumptions about why the sale fell through.  We build stories that the house must have something giant that came up in the home inspection, a failed foundation, or some enormous oil tank spill that has reached ground water. But maybe the buyers simply got cold feet over a little knob and tube wiring that could have easily been fixed had they asked.  Or maybe it was asbestos tape on some duct work that could have been removed or wrapped. Whatever the reason – Back on the market carries a stigma.
I believe that buyers remorse is a real thing.  Just as dating remorse is a real thing.

Sometimes buyers believe they made a bad decision and develop cold feet. They slowly begin to realize that with home ownership comes other financial obligations such as maintaining the home, paying for repairs and upgrades, and they become frightened of what they perceive to be an unnatural burden. Unfortunately, this realization often happens at an inopportune time such as during the middle of escrow.

For us agents and our sellers, its a draining process.  You start back from the beginning but you feel deflated.

We believe it important to do everything we can to help keep deals together.  For both sides.  We promise to work at keeping a deal together if we write on one of your listings.  We will get the bids.  Make the calls.  We will counsel our clients for hours before they write an offer.  And if we can’t keep it together, we will feel like dog poop.

Tracy Dau

Earth Advantage Broker

When you meet Tracy Dau, it doesn’t take long to realize where her true passions lie.  She loves houses and loves matching her clients with the place that’s perfect for them.  Ask her clients and they’ll tell you she’s a whirlwind of energy, a juggler of projects, a creative force, a good listener and a tireless advocate.  She comes to the job with a vision for what’s possible and the background to make that happen. Maybe it’s because she grew up in the breathtaking town of Juneau Alaska, where it rains 250 days a year.  It’s the kind of place where you either give into gloomy weather or dig deep and find the will to preserve. Maybe it’s because her folks instilled in her the drive to succeed. For the past sixteen years she has gutted and restored many houses, using any opportunity to work with her hands. Blending her formal training as a fine artist and designer with her experience as a builder, these old-house remodels have become her creative canvas. Her time as a product developer and architectural consultant at Rejuvenation House Parts introduced her to a community of like-minded folks who encouraged her to become a Realtor. She is drawn to vintage homes. The artist in her is drawn to their detail, the builder in her to their craftsmanship. Their charm and imperfections make them all the more fascinating and soulful. That’s what drew her to her first home. Stripped of all her painted-lady features, she sat sadly on a corner lot in SE Portland waiting to be loved and cared for. She had a yard full of shopping carts, a tree that had grown through her facade, motor-oil soaked mattresses and a basement full of the neighbor’s missing car parts, and yet, in spite of this her husband Nate and Tracy bought and fixed her up. This renovation lead to the next house-love-affair, followed by another and another. It only made sense to apply this knowledge and the valuable lessons learned along the way to help others looking to buy or improve their own homes. Which brings me to why she became a Realtor. Tracy chose this job because she is passionate about houses and loves the chance to develop relationships with her clients. When you choose to work with Tracy, she will advocate for your best interests, guide you through the home buying process and protect you from the stressful moments as they inevitably arise. She will advise you every step of the way to enable you to make good decisions, stay centered and reach your goals. Even after your  transaction has come to an end, Tracy is still available to answer your questions and help with your home projects. When she is not working, she enjoys spending time with her family and being outdoors. Her hobbies include teaching her children, Lander and Olivia, about nature, hunting for sea creatures, spotting birds, drinking bourbon in the winter and gin in the summer, eating chocolate and traveling to warm destinations.
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Tracy Dau

Earth Advantage Broker

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