Poll One in Four Homeowners Feel Buyers Remorse

first_img in Daily Dose, Data, Headlines, News Customer Satisfaction Demand Redfin 2014-04-28 Paul Salfen Share A new survey conducted by Harris Poll and national brokerage Redfin suggests one in four Americans regret purchasing the home they currently live in.Out of a poll of more than 2,000 homeowners, Redfin found an even 25 percent would not buy their current home if they had a chance to do it over. Most of the dissatisfaction came from younger people and stemmed from their relationship with the real estate agent, suggesting a generational divide.Not surprisingly, the group with the least buyer’s remorse were those over 65. In that group, 85 percent said they would buy their home all over again, whereas 72 percent of those 18 to 64 felt the same.Regionally, the Midwest was the highest in this category at 28 percent, with the Northeast at 27 percent, the South at 25 percent, and the West at 20 percent.As for gender and family, 27 percent of women experienced buyer’s remorse, while 28 percent of people with children under the age of 18 in their home felt this way.From a socioeconomic standpoint, those with a higher education and income were happier with their homes, with 86 percent of those that made over $100,000 expressing satisfaction, as opposed to the 70 percent under the benchmark. Those with college degrees showed an 82 percent satisfaction, as opposed to 72 percent otherwise.With more than 89 percent of respondents using a real estate agent in the last ten years, 47 percent “loved” their agent, but those in the 18 to 34 category only accounted for 31 percent as opposed to the 52 percent among ages 35 to 44.“We commissioned this survey because Redfin agents have seen firsthand the pressure homebuyers face in 2014,” said Redfin CEO Glenn Kelman. “With flash sales, bidding wars, price jumps and inventory crunches in many markets, it’s important to have a real estate agent who is just as motivated to have you walk away from a bad house as to pounce on a good one.”last_img

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