Homebuyer Regrets

In a recent Home Buyer Reality Report, homeowners were asked about their buying experience regrets. 20 percent reported that their biggest buying regret was not saving more for the down payment. Many also wished they had purchased a larger home, although, interestingly, only 6 percent of baby boomers thought their home was too small.

14 percent of those responding wished they had done more mortgage comparison-shopping. In fact, 41 percent said they weren’t as aware of the mortgage lending process as they would’ve liked. Another common regret is they many were not as familiar with their own credit score as they would’ve liked.

Clearly, many homebuyers wish they had had more education and had done better planning before they purchased.

Do you have any regrets?

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