Tag Archives for " homebuyers "

December 2, 2014

5 Ways To Avoid Experiencing Homebuyer’s Remorse

5 Ways To Avoid Experiencing Homebuyer's Remorse

You’ve just bought your house and your family and friends are celebrating with you. But deep inside, you feel uneasy. You feel that you’ve shouldn’t have bought that home for some reason. This nagging feeling is what you call as the homebuyer’s remorse.

According to experts, such feeling is uncommon since only 5% to 10% of the homebuyers experience such regret. Therefore, to help you feel confidence in your home purchase; we have prepared some tips on how you can avoid feeling homebuyer’s remorse.

  1. View the home you want to purchase more than once. Regardless of how you think you love the home you’re about to purchase, if you’ve only seen it once, then there’s a higher chance that you can experience buyer’s remorse. Therefore, view the home during different time in different days as you can eventually see the home in a different perspective the second time around.
  1. Tour every part of the home. Although you might have done a quick tour of the house and you know the floor plan, condition and size, this is not enough. You have to dig deeper like walking at the back of the home to see how it looks at the end of the lot or trying to fit your car in the garage.
  1. Request for a private home tour. Joining an open house is one of the first steps to finding a home you want to purchase. However, if you’re serious about buying the house, its best that you tour the home privately. In this way, you can have the full attention of the listing agent and you can ask questions that you don’t want everyone to hear.
  1. Make a list of your wants and needs. Before purchasing a home, you need to have a list of your wants and needs. Then once you look into different homes, check if most of your wants and needs are present in the house you want. Analyzing such facts can help sort your feelings before making the final offer.
  1. Think realistically about the true cost of homeownership. Sometimes, homebuyers feel remorse a few weeks or months after the purchase because it is when they realized the costs of living in such property. Therefore, to avoid this from happening, you have to understand the true cost of homeownership so you know what to expect once you sign the deal. This includes knowing the costs of mortgages and your monthly utility bills.

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November 24, 2014

Most Recent Homebuyers Claim Technology Made Them Better Buyers

Most Recent Homebuyers Claim Technology Made Them Better Buyers

Based on a recent independent poll commissioned by Discover Home Loans, majority of the buyers claim that technology made them better at looking and buying a home.

The poll showed that 89 percent of homebuyers utilize a kind of online technology to help them in purchasing a home, 76 percent believe that technology made them better and smarter homebuyers, while 69 percent said it made them more confident.

Aside from this, almost half of the buyers or 47 percent claim that technology helped them save money in home buying, 92 percent claim technology helped them save time, while 90 percent claim that they had an overall positive experience because of technology.

Real estate listing tops the list for the top three online resources these homebuyers at 89 percent. This is followed by using online maps to explore neighborhoods at 72 percent and using email, applications or website to submit documents to lenders at 71 percent. Furthermore, out of all respondents who use online listings, 78 percent claim they spent some time at work looking for properties while 93 percent say technology has allowed them to do things remotely.

“Buyers are clearly looking to play a larger role in the home buying process and turning to the latest technologies to find the information they need,” Senior Manager of customer experience at Discover Home Loans TJ Freeborn said. “Technology is a great resource for buyers because it gives them access to online property listings, allows them to preview homes and find reviews on real estate agents and mortgage lenders. It’s truly changing the home buying process, and the result is a more confident, informed buyer.”

Eight three percent of the respondents also claimed working with real estate agents to buy their homes. Seventy-four percent said that it’s vital for their agents to be tech savvy as 82 percent of them said their agent was tech savvy. Out of all the respondents who worked with agents, 42 percent claim that they did most of the tasks to start finding their property. As for communicating with their agents, 98 percent utilized the phone calls.

The survey, participated by 1,003 recent homebuyers, was conducted from September 5 to 17, 2014 by the Versta Research, an independent survey research firm.

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