Sunday, March 15, 2020
MORE THAN 70% OF COUPLES ARGUE....
More than 70% of couples argue when buying or selling a home. A recent survey commissioned by Zillow and conducted by Harris Polls found that "either transaction can be fraught with conflict."
Of those who have gone through the home buying process over the last decade, the poll found that 77% argue over the process. An almost as many who sold said they argued suggesting that those two life events may take a toll on the relationship.
Agree to Disagree for buyers and sellers
The Poll revealed that 54% of buyers could not agree on the size or style of the of home to buy. While nearly 47% disagreed over the "must-haves" features or even deal breakers.
Other significant disagreements arose regarding the location or neighborhood to buy (42%), the budget (37%) and whether to buy a fixer-up (29%).
Mortgage options registered nearly 25% of the feuds including selecting the right lender to the mortgage product.
Not to be out done, sellers too share disagreements as well. The Harris Poll indicated that 85% of Millennial sellers argued over selling a home as compared to 54% of Baby Boomers.
The heart of the matter for 69% of respondents - three key financial decisions.
a) What price to list the home for,
b) Whether to drop the price or
c) Whether to accept an offer?
Other hassles of a traditional sale included:
* Whether or not to affect repairs (24%),
* Strangers walking through the home during open houses (24%)
*Keeping the house clean for the showings (23%),
*Uncertainty over whether the house would sell or not. (21%)
So, if you are either a buyer or a seller take heart knowing that others have gone down this road before you and share your common concerns. Don't be deterred by the disagreements, but rather use them as a tool to strengthen your relationship. Ultimately the journey will be worth the time and effort you both put into the process.
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