The stress of buying a home can be significant, feeling much like a job interview or a college entrance exam, according to a recent study by Homes.com. In a survey of 2,000 U.S. home buyers, about 40% reported home buying as “the most stressful experience in modern life.”
About 44% of surveyed home buyers reported being “nervous” throughout the home buying process. 30% of them said that at some point in the process, they were reduced to tears! And 28% reported being “heartbroken” by the ordeal of home buying.
Wow. We know home buying can be stressful. There are always some aspects of the process beyond your control. The market conditions can be competitive. The appraisal can come up short. Your mortgage lender could get picky about some detail in the 11th hour. You can only control so much.
But what these survey results are really saying, is…many of these buyers were unprepared for the realities of the market, or under-represented by their real estate agents, or both! Unfortunately, this is a common problem.
Home buying might seem relatively easy – after all, there’s a ton of information online these days. But browsing around online can only take you so far. When you’re in the trenches and making an offer on a home, what you don’t know can hurt you, by costing you a lot of money…and by leaving you with buyer’s remorse. According to the survey, about 10% of home buyers had regrets about their home purchase!
There are basically 3 things you need to become a successful home buyer:
- Home buying education
- Financial preparation
- Expert, local home buying representation
If you have these three things in your corner, you will have the information, professional guidance, and readiness to make confident decisions.
Despite our automated world, real estate is still a very complex, human business! That means it’s an emotional experience, too. But it doesn’t have to be a white-knuckled, nail-biting, hair-pulling ordeal! StartingPoint Realty has been providing home buying education since 2004, serving first-time home buyers throughout Chicagoland. We’re here to make it easier for you, whenever you’re ready to learn about home buying, or begin your home buying journey!
StartingPoint Realty – your home buying experts!
StartingPoint Realty provides complete education and guidance to first-time home buyers throughout Chicago and the Northwest suburbs. Get an introduction to the home buying process at our free home buying seminar!
We offer the most comprehensive home buying information in Chicagoland! If you’d like an in-depth look at homes, neighborhoods, public transportation and local amenities, book an appointment for our Chicago Resource Center!
Always feel welcome to contact us for help with your Chicago home buying questions!
Ryan Gable Broker/CEO Starting Point Realty
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