Buyer's Remorse: What Home Buyers Would Do Differently
As the saying goes, hindsight is 20/20. When you’re a homebuyer it’s natural to be worried that once you close on that home you will have regrets about your decisions. Buying a home is one of the biggest purchases of your life, and since you will become more savvy along the way, you may have things you would do differently the next time around.
You are not alone. In fact, half of people surveyed said if they could repeat the homebuying process, they’d do at least one thing differently.
The best you can do is to research and learn from their missteps. Knowledge is power! Here are a few of those things that buyers surveyed said they would change if they had it to over again.
According to the survey, 61% of Generation Xers wished for a homebuying do-over and 57% of millennial homebuyers had regrets. The most comfortable? You guessed it - Baby Boomers. More than half of Baby Boomers said they didn’t have any second thoughts about buying their home.
This could be because most Baby Boomers had bought a home before and had learned to avoid all those little missteps that can cause regrets. Perhaps they were also more financially savvy when it came to financing, or they didn’t need financing because they were downsizing. Regardless, age and experience seemed to make for buyers who were pretty content with their decision.
No matter your age or experience level, if you work with a qualified real estate agent and consider those little things that some buyers wish they did differently, you too can emerge as a content new homeowner with few or – even no - regrets.