Today's home buyers are no longer looking for the best deals (those days are gone)… but they are looking to buy before mortgage rates and home prices rise even more. What are they most worried about?
According to a recent survey conducted by Trulia and Harris Interactive, here is what they learned are the biggest worries of today's home buyers.
- 43% – Mortgage interest rates would rise before I buy
- 43% – I would not find a home for sale that I like
- 38% – Home prices would rise before I buy
- 32% – I would have to compete with many other buyers for the home I wanted most
- 30% – I would have to decide on a home very quickly because homes are selling so fast
- 25% – I would not qualify for a mortgage
- 21% – Home prices would fall after I buy
These findings should come as no surprise to active home buyers… it is what I experience with buyers every day!
Sharlene Hensrud, RE/MAX Results – Email – Minneapolis-St. Paul Buyer's Agent
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