Home Buyers Remorse -What Their Redo Would Be Like

Recent Homebuyers Divulge What They Would Change If They could have Do-Over, Research Shows.

  • 39 percent would change size, price or neighborhood.
  • 56 percent wish they knew more about the financial aspects.
  • Recent buyers would do more homework to make critical choices if they had a second chance.
  • Although nine of every ten buyers felt prepared when they bought their home, in hindsight, 56 percent wish they were provided with more knowledge- especially:
  • The ins and outs of closing on the house – 22 percent
  • Making the offer and negotiating –19 percent.
  • Financing a home – 15 percent
    Buyer’s post-experienced that there are many challenges and acknowledge there are areas for improvement, like:
  • Locating and financing a new home.
  • Affordability and home value Upfront costs.
  • Mortgage lending, and the paperwork process for a smooth transaction.
  • Essential tips for the first-time and a self-employed buyer.
  • How to negotiate the price of a house.
  • Be aware of a differing neighborhood along with size, and price data and historical trends
  • Overall, respondents stated it cost more than expected.
  • 80 percent of buyers considered their home move-in ready, but in reality, 76 percent have to or are planning to renovate the home now.
  • 66 percent of recent homebuyers sought advice from real estate agents, while 45 percent turned to banks, mortgage bankers and loan officers.

Contact us for a custom Scope of work for you and your family. info@treasplc.com

 

Source:http://www.businesswire.com/news/home/20140429006147/en/Homebuyers-Divulge-Change-Do-Over-Chase-Research-Shows#.U2OSKvldV8F

https://treasplc.com – What Buyers would redo if they could

Thomas Markoski

The Appraisers at Trust Real Estate Appraisal are State Licensed and Michigan Appraisal Board Certified Real Estate Appraisers and are a neutral third-party participant in residential real estate values. Certified Appraisers provide a key role in managing collateral risk and supporting the health of the country’s housing finance system by protecting public trust in Real Estate Transactions. Our services include: • Mortgage Banker. Broker, MBS Appraisals, FNMA, FHA Approved: Reverse Mortgages, HUD Loans. Rural, Lake, River & Resort Specialists. • Pre-Listing Real Estate Appraisals • Home Buyer's Advisory Services • Home Seller's Advisory and Appraisal Services • Estate Planning, Wills & Trusts, Trustee's and Executors • Attorney Appraisal Services • Real Property Insurance Value Appraisals • Professional Building Measurement Services State Certified Residential Appraisers have advanced real estate training, education, credentials, and experience to appraise complex properties of any type and of any value. Since 2003, we've been delivering independent, third-party objective real estate appraisals for our clients for them to make confident real estate decisions. Servicing Western Michigan, and the West Central counties of Montcalm, Newaygo, and Mecosta. From Grand Rapids, North to Big Rapids and areas in between, Rockford, Cedar Springs, Greenville, Newaygo, Big Rapids, Canadian Lakes, and Stanwood Michigan.
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