Mortgage News

Buyers’ Remorse: Breaking Down Homeowner Regrets

Buyer’s remorse is a common, albeit unsettling, feeling for new homeowners. Your home is likely the largest purchase you’ll ever make, so it’s only natural to wonder if you made the right choice. But if the feeling is getting you down, follow these dos and don’ts to manage your mindset. Do pull out your home wish list.

For example, New Jersey homeowners pay five times more in property taxes on the average $206,000 home than homeowners in Alabama. All these little costs can sneak up on an unwitting home buyer. Another expense that can surprise the novice home buyer is closing costs. Many buyers think that the down payment is the only money they’re putting.

A new survey by finds 63% of millennial homeowners regret the home they purchased. Here’s what homeowners can do to avoid buyer’s remorse.

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Homeowner Regrets (a.k.a. Buyer’s Remorse) A recent survey of thousands of Americans found what many of us refer to as "buyer’s remorse" among homebuyers. While I’m not fond of rehearsing people’s pain, the top five homeowner regrets are instructive to those who are considering a home purchase.

The avoidance motivational system is what produces the regret and guilt that are so often features of buyer’s remorse. This behavioral function is intended to keep you from making poor choices. The problems come when it takes a back seat to the approach system.

Home-buyers remorse happens to a full 52 percent of all home buyers. So if you’re feeling regret about your purchase, you’re not alone. Even those that carefully weighed out their purchase undergo some regret afterwards.

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When purchasing a home most people suffer from some level of anxiety and that’s normal. A house can be a families largest investment and no one wants to make a mistake. But if you plan your real.

Regret Over Buying a House. Every generation has some level of house buyer’s remorse, but Millennial homebuyers are way ahead of the curve. While 44% of all homebuyers say they have some regrets, a staggering 63% of Millennials say they do.

Nearly half of all homeowners have buyer’s remorse, according to a new survey from Bankrate. While 44% of all homeowners have regrets, that number swells to 63% for millennial homeowners. It’s.