Rushed Process Is Millennial Buyers’ Biggest Regret

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Buying a house is a major financial transaction. So, it makes sense that you’d want to take your time and not rush into anything. Unfortunately, though, buying a house also requires you to act fast, especially in a competitive market. If you spend too much time deliberating, you may lose the house to a buyer who’s quicker than you and makes an offer while you’re still thinking it over. In other words, the home buying process can sometimes make you feel like you have to rush. This is particularly true for buyers who haven’t been through the experience before and don’t know exactly what to expect. That’s what a recent survey of homeowners found, anyway, The survey – which asked homeowners for their views on homeownership and their regrets and expectations – found that the vast majority of young homeowners (between 18 and 34 years old) had at least one regret about their home. And, among those regrets, feeling like they rushed their decision and didn’t have a chance to consider all the options earned the top spot. In fact, 29 percent of young homeowners said they regret rushing the process. By comparison, just 12 percent of older buyers said they felt rushed. More here.

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