Top Home Buyer Regrets

Trulia recently completed a “Real Estate Regrets” survey which revealed interesting regrets from both home buyers and renters.

Topping the survey:

A. It’ll be better to buy now than next year.

B. It’ll be better to sell next year than now.

“A” is probably true — more buyers are entering the market, and inventory is tight and getting tighter. Further, there’s no clear sign of that letting up. 

“B” is harder to call. Now is a great time to sell, but if inventory stays low we could be headed into a full-fledged sellers’ market next year. so maybe it will be better. It’s going to depend on local conditions, though.

Here’s some more fun stuff from the survey: regrets.

* Topping the list for buyers (34%) (and number two for renters): “I wish I had chosen a larger home.” This ranked as the biggest regret among home buyer surveyed

* 27 percent of homeowners wish they had done more remodeling when they first bought. (Thank you HGTV)

* 18 percent of homeowners wish they had put more money down, and 16 percent wish that they had been more financially secure. Very few homeowners  ( 1 percent )wish that they had borrowed more.

For the full report check out Trulia Trends.


Discover more from Mr. Williamsburg

Subscribe now to keep reading and get access to the full archive.

Continue reading