MINT HILL, NC – Buying one of the homes for sale in Mint Hill is incredibly exciting. However, it can also be stressful and overwhelming, especially if you’re a first-time homebuyer.
It can seem like the process is taking forever. You shopped for a home, found one, got your offer accepted, and it seems like the closing will never get here. However, with the insanely competitive market, you might end up closing super-fast and be left with regrets.
A survey from Zillow showed that three out of four homebuyers that bought recently were left regretting their decision to buy the home they bought. The biggest regret of these buyers was purchasing a home that needed more repairs or maintenance than they expected.
If you’re considering buying a home, it’s important to know the most common regrets. Let’s look at the most common home buyer regrets and how to avoid them.
Most Common Homebuyer Regrets
1. Ignoring the Importance of Location
The location of your home is one of the most important things. You want to make sure the location works for you and also for selling the home in the future. Many homebuyers regret the location they chose, after buying.
Avoid this regret by taking your time to check out the location. Look at how the traffic flows, drive your route to work, and look at what the neighborhood offers. Don’t just jump into making an offer because of fear of losing out on the home.
2. Skipping the Home Inspection
In a very competitive seller’s market, you might think skipping the home inspection is necessary. This is a big mistake and leads to the biggest regret homebuyers have. The inspection will tell you if the home needs repairs and maintenance. Plus, it can give you a tool to negotiate with the seller.
3. Not Comparing Mortgage Lenders and Options
Comparing lenders is important and many buyers regret not comparing lenders and different mortgage options. It’s important to compare at least three different options to make sure you get the best deal possible for your situation.
4. Giving in to FOMO
It’s very common, especially with new buyers in a hot market, to give in to FOMO. You want to make sure you don’t let the fear of missing out take over your buying decision. If it does, you might end up buying a home just to buy a home and it might not be the right option for you.
It’s best to discuss any of these regrets or others you might run into with your real estate agent ahead of time. When you work with a Mint Hill real estate agent, they can help you avoid making a buying decision you might later regret.
I would love to be part of your journey when the time is right for you. If you ever have a real estate question or need, or know someone who does, trust that you can turn to me. I will help you make the right move! Anna Granger (704) 650-5707 | annagrangerhomes@gmail.com | www.1stchoicepropertiesinc.com
