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Hot Feet

Real estate brokerage has beautiful jargon with well-known phrases. Maybe some of these phrases stick with us because they involve such a big asset with a lot on the line – “Buyer’s Remorse”, “Cold Feet” – but, regardless, they do.

A lesser known phrase is “Seller’s Remorse”. Except, on Nantucket. We constantly deal with “Seller’s Remorse”, which you can’t say about many places. People simply don’t want to get boxed out of the market and/or give up such a high performing asset. I think, if Seller’s Remorse > Buyer’s Remorse, then Strong Market and there’s far more Seller’s Remorse going on in this market.