82% of Buyers REGRET Buying Their House

82% of recent home buyers regret their purchase. Avoid these common pitfalls and make a confident home purchase!

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#homebuyingregrets #realestatetips #CarynGardiner

Caryn Krooth Gardiner
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@caryn_gardiner_real_estate
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Videos are for educational and entertainment use only. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors.

[free_electron]

Sold a townhome in an HOA and bought a SFH in 2023 in the middle of rate hikes. Gave up a sup 3% mortgage rate on top of it. Absolutely zero regrets - a better school district, a safer area, and no HOA. Home maintenance costs get expensive if you can’t do maintenance on your own.

[blujeans]

I listed my vacation home last summer and got two offers. I refused them both. Both were from buyers that never saw the house. I could see it now: go through all the paperwork and time and a week before closing they decide to finally buy a plane ticket to see what they bought. Suddenly it doesn't look like what their realtor video recorded and the battle begins. No thanks. I decided it was their loss (I love the house) and move in full time myself.

[nogames]

Thank you for admitting that realtors. Have a bad wrap. And why. Because it’s so true. And it’s nothing new. Even 15 years ago, a friend of mine was looking for a house and she had her budget figured out, preapproved from the bank, etc. And the realtor kept taking her to houses that were too expensive. And just seem to ignore my friend when she said I can’t afford this house. I’m not even gonna look at it. She got a lot of pressure I think she went through three realtors before she found a decent one.

[booboolips]

Thank goodness I still have my house from 2005. Purchased it just before the 2008 collapse and held onto it through the pandemic.

[sheneedsme]

I advised my 26 year old daughter and her husband to buy a newly built house 2 years ago and it was great advice. They locked in a 3% rate and the house went up in value $100k the first year. It’s also maintenance free. Their plan is to pay it off in 15 years.

[adirare]

I like your style! Please stay genuine

[Liveandletlive-yo]

It was much smaller than the pics and the history of this house is a no-deal!!!

[sinforoso]

That"s what happens when you give into FOMO

[scolebank]

Maintenace on a house will send you to the poor house.

[semperapparatus]

I have seen this myself. People are buying the flipped homes that are made to look "new" but any experienced home owners could see that it had issues behind the lipstick. Meanwhile I am selling my home which all the mechanicals are new and under warranty and we did a preinspection and addressed all the high and moderate risk items and many of the low items too and people turn their noses up. Yeah its gonna bite them in the butt.

[jjman]

I'm pretty sure 100% of the real estate agents (of those 82% of regretful buyers) said "it is a good time to buy". Even back in 2006-2007 they said it was a good time to buy.

[johmayo]

82% of 920 Americans surveyed. That is an incredibly small pool to survey, regardless of any other factors. Factor everything else in, and the "regret" idea becomes even less worrisome.

[_heresjohnny]

2 things realtors need to stop telling their clients: 1) this is just a starter home and 2) get in now so you can build generational wealth (honorable mention: date the rate, marry the house)

- greed is fueling this mindset of a starter home, for a lot of people, they just need a home - not some stepping stone for your greed.

- you aren’t building “generational wealth”. Generational wealth is something already established by your elders - one home isn’t going to do that.

[zackdreamcast]

Buying a house, in budget, has put me in the position to retire early. Equity gained has totaled 100s of thousands of dollars.

[BREEZYM]

I'm part of the 18% that don't regret buying a home. I bought a townhome though so it might not count.

[english]

I did refinance down to 3.3%. I think it was worth it. Also a 15 year mortgage. Pay off in five years instead.

[clinturbanek]

0% sympathy, I have watched bidding wars and homes go for 2x their price from less than 5 years ago. When the market tanks and they all cry and want a

[anotherday]

so happy I didn't buy last year. The prices here in Central fla are coming down.

[english]

Also when you must have a new build. I watch house hunters and nearly 95% of the buyers pick the most expensive home and also the new build. I always buy a fixer upper that no one else wants. Did so in2017 perfect time to buy and now my home nearly tripled in value.

[wendypierce]

I bought last year and overall I’m happy. I had a clear vision of what I wanted. A perfect location for me. Also, I’m in Los Angeles and the entertainment strikes last year cut the buyer pool down significantly for several months, so I wasn’t in a competitive situation.