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WHAT ARE FIRST-TIME HOME BUYERS MOST AFRAID OF?

Friday, August 19, 2022   /   by Ken A Parker

WHAT ARE FIRST-TIME HOME BUYERS MOST AFRAID OF?

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The home-buying process can be intimidating for both first-time and move-up buyers. According to a new Ally Home survey, slightly more than half of Americans are concerned about the process of purchasing a home.

According to the survey, many consumers are more afraid of buying a home than they are of dealing with their fear of commitment (89%), filing their tax returns (82%), having a tooth pulled (78%), or overcoming their fear of heights (75%).

"Homes are a significant investment, so the buying process can be intimidating, particularly for first-time buyers," says Glenn Brunker, president of Ally Home. "There is a lot to juggle, from navigating fluctuations in home prices and mortgage rates to submitting an offer."

According to a National Association of Home Builders survey, 66% of active home buyers spent three months or more looking for a home without success in the third quarter. 45 percent of prospective buyers say they are constantly outbid by other buyers.

"Instead of a house lasting three days on the market, it's now lasting seven days," Harold Torres, an Orlando, Florida real estate professional, told The Wall Street Journal, putting the cooling period into perspective. "Negotiation and any type of wiggle room is not really there yet," say house hunters.

-Realtors.com, Wall Street Journal, 11-12-2021

We can help you overcome your fears and move into your Dream Home! Call 760-951-9050

 


GOOD DEAL REALTY DRE# 01524222

12402 Industrial Blvd Ste. A-2

Victorville, CA. 92395

Phone: 760-951-9050

Fax: 760-951-9121

 

www.GoodDealHasTheBuyers.com

I have over 886 Buyers in my Database looking for a HOME!!


  home, real estate, buying new home, home buying process

Good Deal Realty, Inc
Ken Parker
12402 Industrial Blvd. Ste A-2
Victorville, CA 92395
760-951-9050
DRE# CalBRE# 1524222

Based on information from California Regional Multiple Listing Service, Inc. as of September 30, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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