Buying a home today has become a bit of a blood sport, rife with bidding wars pushing offers well over the asking price as buyers scramble to land a house.It’s been hard, we won’t lie.
Here are some of the difficult steps home buyers faced during the home buying process
Dated: March 29 2021
Views: 371
There’s no denying that there are certain challenges that go along with buying a home. But in 2021, what are the biggest challenges facing buyers?
According to the 2021 Home Buyer and Seller Generational Trends report from the National Association of REALTORS®, more than half of home buyers (53 percent) cited finding the right property as the most difficult step of the home buying process. It was by far the most challenging aspect of the process according to the data.
Some of the other difficult steps home buyers faced during the home buying process included:
- paperwork (17 percent),
- understanding the process and the steps they needed to take (15 percent),
- and saving for a down payment (11 percent)
It’s also noteworthy that 20 percent of homebuyers reported facing no difficult steps at all while buying their home.
The Takeaway:
So, what does this mean for you? If you’re thinking about buying a home, it’s important to know the potential difficulties you may face during the home buying process; that way, you can be prepared—and make sure the process of buying your home goes as smoothly as possible.
Jenny Jones
"I would love the opportunity to assist with your real estate needs. I'll show you how we became & continue to hold the Top Producing sales position for the entire company. We help ....
Latest Blog Posts
Think Home Prices Are Going To Fall? Think AgainOver the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners,&
Expert Housing Market Forecasts for the Second Half of the YearThe housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you
Two Reasons Why Today’s Housing Market Isn’t a BubbleYou may be reading headlines and hearing talk about a potential housing bubble or a crash, but it’s important to understand
Midwest Real Estate Data (MRED) All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than The Hilda Jones Team may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.Based on information submitted to the MLS GRID as of August 11, 2022 12:53 AM UTC All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice.
Data is updated as of August 11, 2022 12:53 AM UTC
