Homebuyer

Americans tour 7.4 homes before buying

Americans tour 7.4 homes before buying

“The first one I saw and I knew it was the one…” may be a line you would hear in a movie, but it is unlikely how a homeowner would describe his or her home buying experience, and certainly not in 2018.

In this competitive housing market where homebuyers are accustomed to compromises and disappointments, most buyers need to tour over a half dozen homes – often after viewing many more online – before finding the right one, according to latest findings in ValueInsured’s Q2 2018 Modern Homebuyer Survey.

Homebuyers' remorse on the rise

Homebuyers' remorse on the rise

A realtor we know recently said this: “All homebuyers have buyer’s remorse at some point during the pre-closing escrow period. I never not hear from a buyer after contract signing and before the home closing, some wonder if they paid too much, others may ask if I read a recent article about the market potentially turning.” In a survey conducted last year, Trulia found nearly half of all Americans have buyer’s remorse about the home they bought.

Now, with stakes ever higher in this expensive market, where home payments in some areas are swallowing up 45% of local median income, expectation of buyer’s remorse is high.