Real estate deals are emotional roller coasters, often marred by unexpected setbacks. The dream house deal doesn’t come together. A closing fall through at the last minute. It happens. Sometimes the setback is so overwhelming we feel momentarily disoriented, unsure which direction to take next. We want to carry on, but we can’t quite muster the will to make the next right move.
If you’ve felt this way lately, perhaps the following process will help you:
1. Grieve the loss. If you’re feeling disappointment, loss, shock, or sadness, don’t gloss over it. Give yourself time and space to feel it. There’s nothing healthy in pretending the way you feel is wrong, shameful, or otherwise weak. Don’t expect to “get over it.” Rather, understand it is a loss you may carry forward with time.
2. Assess. What happened? What lead to this? What can you learn from the chain of events which lead to the setback? Did you miss deadlines with paperwork? Sis the property not appraise? You might not have clear answers, but you will likely find something useful in reflection.
3. Recalibrate. Setbacks often redefine your reality, and change the conditions on the ground. The changes are often sudden and unpleasant, but it’s best to gain some clarity on the new situation. A setback isn’t the end unless you permit it to be the end. How does this new world require new strategies?
4. Look for opportunity and act. A setback does not negate your hopes or values. It may delay or redirect your path, but to let it annihilate your goals would be something far worse than a mere setback. There are still opportunities, and if you want to recover, you will need to direct your productive energy to recognizing and acting on those opportunities.
As the late singer, poet, and novelist Leonard Cohen sang, “There is a crack in everything, that’s how the light gets in.” Even at his darkest, he had a bias for the unerring trajectory of hope. Look for the light through the crack in everything, even if it was your pending dream of home ownership or your next move. Believe the dream can shine through again.
I can help you through every step of the real estate buying or listing process, and I have plenty of experience to help you avoid common setbacks. Looking to buy or sell soon? Let’s have a chat: Barbara & Gregg, The Nicholas Team of RE/MAX Village Square realestate@thenicholasteam 973-509-2222