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Home Buyer Worries - The 7 Things that Worry Home Buyers Most

Real Estate Agent with Lyon Real Estate - El Dorado Hills CA DRE# 01499004

August 19, 2013 03:44 PM

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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Beth and Richard Witt

New York, NY

The best Retired Brokers !!!!

Good one Dee Dee...

Aug 22, 2013 01:49 AM

Rob Arnold

Sand Dollar Realty Group, Inc. - Altamonte Springs, FL

Metro Orlando Full Service - Investor Friendly & F

I would hate to be a first time buyer right now in most markets. Such a challenge to find a good deal especially with FHA or VA financing.

Aug 22, 2013 02:05 AM

Steven Brand

Woodbury, MN

NMLS# 261849

Great insight into what buyers are thinking.

The importance of reviewing the "what if" of rising rates before locking in an interest rate is something I show many shoppers. Many times after they see the minimal difference in monthly payment (ex: $270k purchase, 5% down... for every .125% in rate change the payment moves about $20/mo) it helps minimize that "worry".

But like many folks who commented... getting shoppers in front of a qualified "mortgage guy" (with all the MI options along with State/City/County DPA programs) is KEY to getting their comfort level to a more manageable level.

Aug 22, 2013 02:10 AM

Gene Riemenschneider

Home Point Real Estate - Brentwood, CA

Turning Houses into Homes

I am seeing this but would sum it up in one sentence "Scared to Buy and Scared not to Buy."

Aug 22, 2013 02:18 AM

Pam Jank

Coldwell Banker Schneidmiller Realty - Coeur d'Alene, ID

Your Coeur d'Alene & North Idaho Real Estate Pro

DeeDee, Thank you for that great list. I find it to be very accurate with what I am finding. I'd like to add that Homes Inspection Results also seem stressful for many buyers.

Aug 22, 2013 02:18 AM

George P. Cruz Sr.

Premier Brokers International - Port St Lucie, FL

PSL FL CDPE, TRC, CIPS

Thanks for sharing great list..

Aug 22, 2013 02:22 AM

John Juarez

The Medford Real Estate Team - Fremont, CA

ePRO, SRES, GRI, PMN

All of those buyer worries remind us that buying a home is a big deal. Deciding where you and your family will live for years to come is not a decision to be taken lightly.

Aug 22, 2013 02:37 AM

Bob Miller

Keller Williams Cornerstone Realty - Ocala, FL

The Ocala Dream Team

Hi DeeDee, interesting study. Not sure it would apply here. We are still in a buyer's market.

Aug 22, 2013 02:38 AM

Greg Mona

West USA Realty - Scottsdale, AZ

Professional Real Estate Representation for YOU!

Dee Dee - Very interesting results. As others said I was surprised the home inspection results weren't high on the list.

Aug 22, 2013 02:44 AM

Mike&Marie Edwards

Estes Village properties & Plains Real Estate in Greely/Windsor - Fort Collins, CO

"We Bring You Home To Colorado"

thank you for sharing the info and you are right a good realtor can defiantly help with these worries. It can become a problem if you have a worry wart on your hands.

Marie

Aug 22, 2013 02:51 AM

Bill Reddington

Re/max By The Sea - Destin, FL

Destin Florida Real Estate

With interest rising from about 3% to over 4.5%, it has to make a difference in buying a home. Reduced inventory is starting to be an issue here also.

Aug 22, 2013 03:15 AM

Robert Hicks

United Country River City Realty - Savannah, TN

Good info, very interesting. Thanks for taking time to share..

Aug 22, 2013 05:25 AM

Paddy Deighan MBA JD PhD

http://www.medicalandspaconsulting.com - Vail, CO

Paddy Deighan J.D. Ph.D

interesting study....seems to make sense..especially rising interest rates at number 1.

Aug 22, 2013 12:05 PM

Jack O'Neal

HomeSmart Elite Group - Gilbert, AZ

Biggest I find is finding a house for the client

Aug 23, 2013 12:18 AM

Don McAskin

REALTY EXECUTIVES Of Simcoe Inc. - Barrie, ON

"Everybody is Askin...for McAskin"

Thanks for sharing this survey. Makes sense. All things that a buyer can't really control.

Aug 23, 2013 02:09 AM

Joe Pruett

Investment Real Estate, LLC - Pembroke Pines, FL

Some valid concerns that may not all be explained away, depending on your market. My buyers rarely bring up any of these, with the exceptions of mtge qualification and now, prices rising. They just want to move. It's interesting the different concerns we agents see in our customers. Here it used to be buyers waiting until the time is right...when prices fall to reasonable levels, but now buyers I speak to are unaware of the seller's market and just how difficult it is locating lower priced homes here (up to about $250K). I suspect some of what we attract comes from our own preconceptions and past experiences.

Aug 25, 2013 04:44 AM

David Popoff

DMK Real Estate - Darien, CT

Realtor®,SRS, Green ~ Fairfield County, Ct

Great post, The first two are definitely on the minds of all buyers.

Oct 29, 2013 11:14 PM

Jared Garfield

Rich Life Real Estate Team - Buford, GA

Invest With The Best For The Highest Returns!

DeeDee,

From the buyers I have worked with, your survey results surely cover the concerns! Great information!

Oct 30, 2013 01:26 AM

Kim Peasley-Parker

AgentOwned Realty, Heritage Group, Inc. - Sumter, SC

Have to say all of these reasons are true and all valid concerns.

Oct 30, 2013 05:26 AM

Wayne B. Pruner

Oregon First - Tigard, OR

Tigard Oregon Homes for Sale, Realtor, GRI

I'm surprised that repair issues did not make the top 7. Thanks for the info.

Nov 12, 2013 08:34 AM

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DeeDee Riley

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I love my job so it never feels like work to me. If I can just get my children to pursue their dreams as well, I will be one happy mom!

Home Buyer Worries - The 7 Things that Worry Home Buyers Most

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