Nearly four out of 10 recent homeowners (37%) said that buying a home was one of the most stressful events they had ever experienced, worse than looking for work (28%), planning a wedding (23%) and having a child (18%). NEW YORK What's more stressful than buying your first home? Not much, according to a new survey. Nearly half of American homeowners consider buying their first home to be the most stressful event of their lives, and many more are no less afraid. According to KSL, getting a home and a mortgage is one of the 10 most stressful events in life.
The stress of buying a home is matched by having a child or changing jobs. Buying a home is bound to be a happy achievement, but many Americans find it more stressful than any other major life event. Buyers should feel comfortable raising any questions or concerns with their agents, which is why it's so important to establish a personal connection that builds trust. A new study that examined the first-time homebuying experiences of 2000 people found that it can often be an anxiety-provoking process: two out of five first-time homebuyers felt anxious and another 44 percent felt nervous at all times.
As a result of not having the confidence necessary to get the home of their dreams, 28 percent of homebuyers suffered the distress of not getting the desired property they had purchased. One in three buyers admitted to crying at some point during the homebuying process and one in five thought they weren't confident enough when looking for a home. Although some buyers reported rushing to buy, the survey revealed that Americans consult an average of six properties before choosing one. The decision to buy a home for the first time is one of the most important and difficult decisions you'll ever make.
The team's findings shed light on how and why buying a home is so difficult in this modern era. Demystifying buying a home can make the process less stressful for homebuyers and more than it should be: an exciting search for a home to own. As for why first-time homeowners feel so stressed, high expectations and lack of preparation may be to blame. Arguments also abounded; the average homebuyer would fight with loved ones four times while searching for a home.
While 40 percent said it was the most stressful event, another 44 percent said they were nervous throughout the homebuying process. So it's not surprising that two out of five first-time homebuyers describe buying a new home as “the most stressful event in modern life” and that the average homebuyer considers going to a job interview, hosting a Thanksgiving dinner and applying to college to be less stressful life events than buying a home. Buying a home is the most stressful event in modern life, but the right real estate agent can alleviate some of that stress and make the homebuying process more exciting than anxiety-provoking. The average person surveyed had four arguments along the way when buying their first home, and 33 percent even shed a few tears during the homebuying process.
The path to homeownership starts with viewing properties, and the typical potential buyer visits their fair share of six, on average.
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