Most Common Regrets of the First-time Homebuyer

  • 62% outgrew their homes quickly and wished they had purchased a larger home
  • 40% feel they paid too much or should of put more down
  • 38% were surprised by how much it costs to maintain a home
  • 34% wished they had negotiated more or found a better mortgage rate
  • 25% found out after moving in that they didn’t like the neighborhood
  • 24% have regrets related to their yard
  • 17% dislike their parking situation

Source: HouseHunt.com

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What Amenities Are Important to Home Buyers?

Here are the results of a recent survey of more than 1,000 people ages 25 to 65:

  • 64% say they prefer a move-in ready home
  • 51% say they want their next home to be larger than their current home
  • 29% say the kitchen is the most important feature in a home
  • 22% say the master bedroom is important
  • 18% say the living room is important

Here are some things that buyers are willing to give up in order to get certain amenities:

  • 41% are willing to give up a location near public transportation
  • 35% are willing to give up better schools and proximity to entertainment and shopping
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How Can Home Buyers Assist Their Real Estate Agent?

You can make the home buying process go much smoother for yourself and your agent if you can answer these 10 questions in the beginning:

  • Why buy and why buy now
  • Are you working with a lender
  • How many houses have you looked at already
  • How do you prefer to be contacted
  • What if we found the perfect house tomorrow
  • What are your three favorite neighborhoods
  • What is your favorite room in the house
  • How important is outdoor/garage space
  • How long do you think that you’ll live in the house that you buy
  • What is a deal breaker for you
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6 Essential Home Buyer Tips

These tips came from a survey of 400 real estate professionals. These items are listed in order of importance, from most to least.

  1. Get a home inspection to evaluate the safety and overall condition of the home
  2. Before you start your house hunting, get pre-approved for a mortgage
  3. Direct all communications with the seller through your real estate agent
  4. Get all agreements with the seller in writing
  5. Include important contingences in your offer, such as, financing and inspections
  6. Come up with realistic expections for a house based upon your budget

Source: Market Leader.com

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