{"id":11504,"date":"2024-04-22T07:48:00","date_gmt":"2024-04-22T12:48:00","guid":{"rendered":"https:\/\/therealdaily.com\/?p=11504"},"modified":"2024-04-22T12:45:28","modified_gmt":"2024-04-22T17:45:28","slug":"clients-homebuying-regrets-and-red-flags","status":"publish","type":"post","link":"https:\/\/theamericangenius.com\/housing\/real-estate-brokers\/clients-homebuying-regrets-and-red-flags\/","title":{"rendered":"Red flags of regret your clients may feel when homebuying"},"content":{"rendered":"

Satisfied clients aren’t buyers who have just found the perfect home – their customer swho bought the perfect home, and still feels great about it a year later.<\/p>\n

Buyer\u2019s remorse is a real risk, especially on a large, expensive purchase like a home.<\/p>\n

Not just a number<\/strong><\/p>\n

As a real estate agent, you can certainly pressure your customers to make a quick decision just to close the deal, but that\u2019s not how you create lasting relationships or satisfied clients.<\/p>\n

Instead, help buyers make the best decision they can so that they don\u2019t have regrets later.<\/p><\/blockquote>\n

Tim Lemke at Wisebread has offered a list<\/a> of the \u201cBiggest Regrets of New Homeowners.\u201d By examining what homeowners are most likely to regret after purchase, you can help your clients avoid find a home that they can be happy with for years to come.<\/p>\n

Money regrets<\/strong><\/p>\n

According to Lemke, most post-purchase regrets arise when the buyer fails to budget or properly finance the purchase. This includes buying a home that is too expensive, making a down payment that is too small, setting up the wrong kind of mortgage, or making the purchase with a low credit score or while still in debt.<\/p>\n

Help your client create a budget for the home that does not exceed 30% of the household\u2019s gross income \u2013 and stick to it!<\/p><\/blockquote>\n

The budget should also factor in at least 20% of the cost as a down payment. If the down payment is too small, the available loans will be less than ideal, and the buyer will lose money on private mortgage insurance.<\/p>\n

False hope regrets<\/strong><\/p>\n

You should also advise clients to avoid other common pitfalls that can leave homeowners dissatisfied. A fixer-upper is great if the client is handy, but if he or she doesn\u2019t know how to do home repairs and renovations, they could easily end up with an unlivable property that will cause stress and require a lot of time and money to repair.<\/p>\n

In order to avoid other unforeseen repairs, make sure your clients also get the house inspected so that they don\u2019t end up with surprise problems.<\/p>\n

Diligence regrets<\/strong><\/p>\n

Finally, encourage your clients to not only check out the house itself, but to research the surrounding area. Too often, buyers fall in love with a house, but end up regretting their choice of neighborhood.<\/p>\n

Help your clients make the best decision they can \u2013 no regrets!<\/p>\n","protected":false},"excerpt":{"rendered":"

When helping clients buy a home, steer your buyers away from these potential dangers in order to avoid regrets.<\/p>\n","protected":false},"author":337314,"featured_media":19355,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"wds_primary_category":0,"footnotes":"","jetpack_post_was_ever_published":false,"_links_to":"","_links_to_target":""},"categories":[94],"tags":[1578,1234,1592],"class_list":["post-11504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-brokers","tag-homebuying","tag-real-estate-news","tag-regrets"],"jetpack_featured_media_url":"https:\/\/theamericangenius.com\/housing\/wp-content\/uploads\/sites\/2\/2022\/01\/hand-over-house-representing-safety.jpg","jetpack_sharing_enabled":true,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/11504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/users\/337314"}],"replies":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/comments?post=11504"}],"version-history":[{"count":6,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/11504\/revisions"}],"predecessor-version":[{"id":19555,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/11504\/revisions\/19555"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media\/19355"}],"wp:attachment":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media?parent=11504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/categories?post=11504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/tags?post=11504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}