How Can You Avoid Some of the Top Buyer Regrets?

There are some important questions you must ask yourself if you want to avoid some of the most common buyer regrets.
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There have been some great studies recently published about the topic of the top buyer regrets. Usually, most of these regrets center around finances.

Most buyers—after they’re in the house—wish they had more equity and that they put more money down beforehand. That dovetails easily with the other top regret of not saving more money before buying the home. Most buyers put down something like 10% to get into their new home without realizing the ongoing expenses having a home entails.

Interestingly enough, one of the biggest regrets is the home size. Typically, buyers end up feeling the home is either too big or too small.

Your Realtor can help you avoid some of these regrets, and your accountant and/or financial advisor can assist you with the financial aspects, but this topic is good food for thought to help you answer some important questions during the home buying process.

For example, will you have enough money after you make your purchase to maintain your quality of life? Should you instead wait a little bit to save some more money so you have more equity and feel more secure in your investment? What size of home do you really need? Will you have to sell sooner if your family is growing?

If you have any questions about how to avoid these buyer regrets, don’t hesitate to reach out to me. I’d be happy to assist you.

The Most Common Seller Regrets

Today I wanted to take some time to talk about the most common regrets that sellers have.
Selling your home? Get a home value report here
Looking to buy a home? Search all local homes for sale here

Our last video talked about buyer regrets, so today we’re going to talk about seller regrets.

Many people are shocked to learn that sellers have regrets about the process they just completed. Most of these regrets revolve around how they prepared their home for sale.

Some folks believe that they didn’t prepare enough. They didn’t do the right kind of staging or were reluctant to trust their Realtor about certain suggestions, and as a result they felt that they didn’t sell their home at the price it was worth or didn’t get enough traffic through the home while it was listed.

On the other side of that, some sellers are over-prepared. They put way too much effort into preparing their home for the market and the entire process became too stressful as a result.

Sellers often regret choosing a buyer’s offer based upon price alone. They didn’t take into consideration the other pieces of the package.

How qualified are these buyers? If they aren’t qualified and it takes months to close on your home, is it worth it? In this case, you’re spending extra money paying taxes and insurance on the home when you could have chosen a better offer and closed sooner.

If you have any additional questions about this topic or you’re looking to buy or sell a home, please give me a call. I look forward to working with you soon.