The highly competitive home buyers market spanning the past few years has left the majority of buyers with a notable feeling of buyers remorse. The primary causes of the regrets are a result of:
- Purchase Price Extremely High
- Low Inventory Resulted in Unmet Desired Features
- Buyer Competition Forced Quick Purchase Decision
In a CNBC article written by Lorie Konish she shares some shocking details about the historic sellers market of the past few years: ” 31% of buyers said they paid over the asking price. The median amount paid over the listing price was $65,000. Notably, tight competition led 36% to make an offer on a home without seeing it in person first.”
Learn more details in the CNBC article:
72% of recent homebuyers have regrets about their purchases. As the market cools, these steps can help you avoid disappointment
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