Home Buyers Remorse is Rampant

Home Buyers Remorse is Rampant

Home buyer’s Remorse Is Rampant Among Pandemic Purchasers Keep checking in with your recent home buyers—because they may want to move sooner than you think. But now they may regret the extremes they went to for a home: More than three-fourths of U.S. homeowners who purchased in the prior year expressed regret about their decision. The top reasons for their regret are feeling like they overspent (30%) or rushed the homebuying process (26%) Many homeowners said that knowing what they know today, they would’ve bought a different home (64%) or waited longer to buy (63%) Others, if they have the financial means, may simply choose to keep the home as part of their investment portfolio. Or Will They Stay? More than half of homeowners said have they had something unexpectedly go wrong since they purchased. The regret and the repairs are also affecting their happiness. But those who do fix up their home may find it will lessen their buyer’s remorse.

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