Buying and selling a home has become more stressful due to current market conditions
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Buying and selling a home has become more stressful due to current market conditions.
According to a survey from the Pennsylvania Association of Realtors, an increasing number of consumers said selling their previous home is the most stressful part of the homebuying experience.
“We've heard this from consumers surveyed in the past, but not to this extent," said PAR President Kathy McQuilkin. "Nearly 7% of all homebuyers, and 10% of those aged 50-64, said that selling their home was the single most stressful part of the purchase process. Buyers between the ages of 18-34 didn't express this worry, most likely because they're first-time homebuyers."
Although sellers may benefit from homes spending less time on the market, for buyers (including many sellers) fast sales are adding stress to the process as it gives them limited time to choose the right home.
"Consumers expressed frustration with homes spending less time on the market, which led to feeling more pressure to find the home they want and make an attractive offer knowing that other buyers are interested in the same property," McQuilkin added. "The low inventory available is creating a challenge to consumers."
According to a survey from the Pennsylvania Association of Realtors, an increasing number of consumers said selling their previous home is the most stressful part of the homebuying experience.
“We've heard this from consumers surveyed in the past, but not to this extent," said PAR President Kathy McQuilkin. "Nearly 7% of all homebuyers, and 10% of those aged 50-64, said that selling their home was the single most stressful part of the purchase process. Buyers between the ages of 18-34 didn't express this worry, most likely because they're first-time homebuyers."
Although sellers may benefit from homes spending less time on the market, for buyers (including many sellers) fast sales are adding stress to the process as it gives them limited time to choose the right home.
"Consumers expressed frustration with homes spending less time on the market, which led to feeling more pressure to find the home they want and make an attractive offer knowing that other buyers are interested in the same property," McQuilkin added. "The low inventory available is creating a challenge to consumers."
