How common is buyer’s remorse in Ohio? According to a new nationwide survey of 5,672 home buyers, most Ohioans are pretty happy with their home purchase. Out of 50 states, Ohio ranks #18 on the “Home Happiness Index.”
The Lawnstarter.com survey included 118 questions, boiling down to 7 main topics:
- Quality of the home
- Local job market
- Neighborhood safety
- Friendliness of neighbors
- Whether it was good location to raise a family
- Financial sacrifices made for home buying
- Compromises made in home buying
Ohio home buyers are certainly in the glass “half-full” category, with responses falling within or better than the national average. Overall, 75% or more of Ohio buyers found their neighborhoods friendly, safe and a good place to raise kids.
Only 6.86% of Ohio buyers regretted their home purchase, compared to 13.84% nationally. About the same percentage of buyers said they would not buy the same home again given the opportunity. While the survey doesn’t clarify this further, one could speculate that dissatisfaction with home condition and/or location could be the driving factors behind the cases of buyer’s remorse.
Home ownership required financial sacrifice for some Ohio buyers. About 36% of Ohioans reported getting a second, part-time job in order to afford a home, compared to 38% of buyers nationally. About 14.29% of Ohio buyers stopped going out to eat completely in order to afford their home, compared to 22.30% of buyers nationally.
When choosing their new home, buyers in Ohio were most likely to comprise on their commute time to work, and least likely to compromise on the number of bedrooms in the home.
Home buyers who clearly define their home buying goals and priorities, and who prepare well for their home purchase, are most likely to avoid buyer’s remorse! You can do even better by giving yourself the advantage of an Exclusive Buyer’s Broker!
As your Exclusive Buyer’s Broker, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker, we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times.
Understanding this distinction could literally save you thousands of dollars not only on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner!
Contact us with your home buying questions! Remember, we are with you every step of the way…all the way home!
Andrew Show
Exclusive Buyer’s Broker, CEBA-M, MCNE, CSP, PSA,e-PRO, CREM, ABRM, AHWD
Buyer’s Resource Realty Services, www.buyershome.com
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax
