CHARLOTTE, N.C. — When you're house hunting, it's tough to not feel pressure to put in an offer right away when you find something you like. However, moving too fast might not be in your best interest.
You've heard the term buyer's remorse, and you might've felt it. It's one thing to have buyer's remorse over a new pair of shoes you picked up impulsively. It's a whole other problem when it's a home you regret buying. Unfortunately, that's the situation for a whopping 75% of new homeowners. According to a 2022 Zillow report, nearly three-in-four recent homebuyers had regrets.
The biggest regret?
About one-third regret getting a home that needed more maintenance or work than expected. Nearly 40% wish they'd taken more time in their search or weighing their options.
Perhaps this should serve as a reminder to take your time when house hunting. After all, Charlotte's housing market is now being categorized as a balanced market, according to Realtor.com. That means the number of homes on the market is about equal to the number of people wanting to buy, which drives down some of the intense competition when trying to secure a property.
Contact Carolyn Bruck at cbruck@wcnc.com and follow her on Facebook, Twitter and Instagram.
WCNC Charlotte is always asking "where's the money?" If you need help, reach out to WCNC Charlotte by emailing money@wcnc.com.
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