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Fear of Rejection is Holding Some Potential Buyers Back

By
Real Estate Agent with Coldwell Banker Schmitt Real Estate Co.

Fred Mullins, Donna Mullins, & Erin Biby

Coldwell Banker Schmitt Real Estate Company

1201 White Street Ste. 101 Key West, FL 33040

Direct: 305-745-9440

Email: mullinsf@bellsouth.net

Website: www.lowerkeys-homes.com

 

According to a national consumer survey conducted by OmniTel (on behalf of LoanDepot), almost half of people who wish to purchase real estate don't for fear of not being able to qualify for a loan.

Here are some interesting results from the survey:

  • 29% of Americans would like to purchase a home within two years
  • 20% already own a home and would like to purchase another primary residence, investment property, a retirement home, or a vacation home within two years
  • 56% are not pursuing a real estate purchase because they believe they will not qualify for a loan
  • 30% of homeowners who wish to purchase additional property also have doubt that they will qualify for a loan
  • 71% of Americans who would like to purchase real estate will need financing
  • 89% have not taken any steps toward the prequalification process

Information obtained from: http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=307282