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

Reblogger
Real Estate Agent with RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate

What is on the Minds of Home Buyers' - Is it Concerns?

 

Home buyers I find have the most concerns and worries about rising mortgage interest rates in my area.  However, Trulia and Harris Interactive did a survery that showed that home buyers across the country have a helping hand in ri real estatenumber of concerns and worries that keep them up at night.  Deedee Riley shared this post of how that break out of the survey resulted in some interesting stats for all of us to take note of.

Here in RI coastal real estate, my job as a designated buyers representative is to ensure none of these 7 items keep my clients up at night.  How do I do it?  Well by addressing the market past, present and with my crystal ball the future.  Sharing what you do and do not know as a Realtor is important.  As far as home prices falling after a home buyer buys....well that is one for the heavens.  All we can know is with the past and expected of today and know the local real estate market well for our clients.

Buyers, you need to choose wisely in who represents you when you are doing a home search.  Make sure someone represents you too because these questions should keep you up at night if you are going the home buying route on your own!

Original content by DeeDee Riley DRE# 01499004

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.  
                                                                                                                        Worried Home Buyer
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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By DeeDee Riley 2013 *All Rights Reserved*Home Buyer Worries - The 7 Things that Worry Home Buyers Most

 

 

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This blog © and its contents is original to Ginny Lacey Gorman

the RI waterfront Realtor of Choice

 

Ginny L. Gorman, a purveyor of Fine RI Waterfront Real Estate   

Specializing in waterfront, ocean front, vacation, coastal and luxury homes for sale in North Kingstown, South Kingstown, Narragansett, Jamestown, Charlestown, East Greenwich, Exeter, West Greenwich RI and beyond ...  I sell dreams!  Because there is no place like home...the RI Real Estate Agent in the Sparkly Red Shoes.

 

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Comments (8)

Dan Hopper
Dan Hopper - Gold Way RE - Westminster, CO
Colorado Broker / Referral Services

Ginny, thanks for the re-posting of Dee's bog with these stats.  We can only "defuse" those concerns with a simple response, "What happens if you DO NOTHING?"   The first time buyers will eventually learn that they must be comfortable with their decision and make that decision based on what they know today, not the past nor the future!  If ALL had that ability to be fortune tellers, life would be simpler!!

Aug 20, 2013 09:52 PM
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

I was looking for a new revelation in home buying Ginny.  These concerns are the same group I've been putting to rest for the past 40 years.  There were a few times when you could have your cake and eat it too, but not many. 

Aug 21, 2013 12:26 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ginny Buyers/Borrowers stress about anything and everything, so whatever we can do to reduce some of the stress makes things go a little easier.  But until they have those keys in their hands, we have to be in stress control mode.

Aug 21, 2013 02:32 AM
Anita Clark
Coldwell Banker Access Realty ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Ginny: Amid the chaos, we stand as the calm and unemotional voice of reason, soothing buyer tensions whenever necessary.

Aug 21, 2013 09:18 AM
DeeDee Riley
Lyon Real Estate - El Dorado Hills CA - El Dorado Hills, CA
Realtor - El Dorado Hills & the Surrounding Areas

Thanks for the re-blog Ginny!  I am amazed at how many buyers think they can find something on their own.  There is a lot that we do behind the scenes that they don't realize.  And working with a good agent can help them through these fears.

Have a great evening!

Aug 21, 2013 10:46 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

There are plenty of good reasons for stress during the buying process and our jobs to take a little of the stress out of the process. Most are going to stress about most everything, no matter what we say or do.

Aug 21, 2013 07:48 PM
Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!
Hello Ginny, informative post that discusses the The 7 Things that Worry Home Buyers Most. Hope to hear many more informative articles like this in the future. Have a great day!
Aug 28, 2013 02:26 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

The fact that interest rates are increasing and home inventory is decreasing does put added pressure on anyone looking to buy a home.  I bet these concerns would have been a lot different a little over a year ago.

Sep 18, 2013 07:09 AM