Avoid Buyer's Remorse By Managing Your Client's Expectations One of the most important financial decisions most people will ever make is purchasing a home. Homes serve their residents while they are there, but they also act as a long-term investment that can be used for retirement or other significant life changes. Regrettably, up to 70% of homebuyers say they have at least one regret about their experiences & choices made during the process. According to reports, popular markets in areas like Phoenix and California have greater incidences of buyer's regret.
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As a real estate agent, it is your responsibility to ensure that your customers make sound judgments and experience no buyers' regret. Even though you can't foresee how people would feel after the purchase, you can control their expectations while shopping. Let's look at various regrets homebuyers have and how you might assist.
Common Causes of Buyers Remorse in Real Estate The "Buyer and Seller Insights Report for 2022" identified a few key causes of house purchasers' regret based on a survey conducted by HomeLight. Let's go over some of the most typical causes of this regret.