Home Buyer Worries - The 7 Things that Worry Home Buyers Most
A recent survey conducted by Trulia and Harris Interactive questioned more than 2000 US home buyers in June about what worried them the most about the Home Buying and Selling Process.
Here's what they found:
Mortgage interest rates rising before I buy - 41%
Not finding a home for sale that I like - 36%
Not qualifying for a mortgage - 30%
Competing with other buyers - 27%
Home prices falling after I buy - 25%
Home prices rising before I buy - 37%
Deciding on a home too quickly - 19%
In hotter markets where homes are moving fast, the survey found that these 7 Home Buyer worries instensify. Read the full study from Trulia.
These are all valid worries but a good Realtor can help alleviate the stress and uncertainty behind these. If you're buying in El Dorado Hills or the surrounding areas, I'd love to help!
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I am a REALTOR® in El Dorado Hills with Lyon Real Estate. I love living in El Dorado Hills, where homes with views have become my passion. Working with both buyers and sellers, my concentration on homes for sale includes not only El Dorado Hills, but also Folsom and the Cameron Park vicinity. For more information on me or our wonderful area visit my website at www.DeeDeeRiley.com or email me at driley@golyon.com. When you're ready to sell or buy a home – I would love to help! To read what my clients have to say about me and my service, visit my Client Testimonial page.
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By DeeDee Riley 2013 *All Rights Reserved*Home Buyer Worries - The 7 Things that Worry Home Buyers Most
Thank you DeeDee...buyers competing in this market is one of the major concerns of current buyers...and with interest rising some are closed out and have to seek others means to purchase...all of the listed are certainly of concern to buyers in this market...
Worry is exhaustive, time to slow this operation down to one where the buyer is not pressured, up against it for time makes the best buying decisions to be made. Videos for one after another property help save time, reduce worry and more homes, houses are toured,. Property tires kicked and considered. On the buyers time, not agent, seller and any time of day or night, weather.
DeeDee, Thanks for sharing these survey results. It's especially helpful for buyer agents to know these concerns that buyers may have. Then those concerns likely can be addressed more easily. Andrew
DeeDee,
These are great concerns and questions to bring up during the buyer consultation to further get to the truth and ease any anxieties that a potential buyer might have in today's market.
Cheers!
Hi DeeDee.. sometimes I feel the most worry fact is " Not finding a home for sale that I like "... specially when they are cash buyers and are picky buyers..... thanks for sharing.. have a nice day...
Dee Dee
I missed that study so thank you for sharing it.
I suspect these are the concerns of just about all buyers at some level. There is so much to be concerned about these days, even if you are experienced. OUr job is to help alleviate concerns through education, guidance, information, answering questions and anticipating those fears.
Jeff
Love your signature line. Thanks for sharing, that's why its so important to have a good conversation with your buyer and help them ease the fear and their lender can do the same, we all have to work as a team and help them get to a successful close without all the worries.
Thanks, DeeDee (dear sister - as it is proninced in Hindi and Actually, yesterday was 'Sister's Day' - unique Indian Festival - I should write about it.)
I'd say, first two are the biggest worries now-a-days for the buyers.
Hi DeeDee:
All of these things on the list are good reason's to use a great Realtor like you to help them through the process. It's a jungle out there and everyone needs a guide.
DeeDee, my buyers are bumming about mortgage rates going up...then having troubles finding that perfect house...I tell them think outside of the box, maybe a little renovation to make it the perfect home.
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