I Deeply Regret Buying My Home
By Hank Miller, SRA, Associate Broker & Certified Appraiser
(Ansley Real Estate/Christie's International)
The issue of buyer remorse felt by home buyers during 2021 and 2022 continues to soar. "I deeply regret buying my home", "We felt pressure to buy", "We tried to catch the low rates"...and tens of thousands of other testaments of regret.Home Buyer RegretThis problem has never been higher, well into the upper 70% of home buyers now regret their purchase. Many clearly went in without inspections as maintenance and repairs are the most quoted issue behind overpaying.Another common theme is the process - specifically agents and lenders. Many buyer said they felt their agent failed to properly educate them or temper their enthusiasm. Several mentioned using friends and family agents, now understanding that might not have been wise. There was broad aggravation with the loan process, many stati...
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