Industry News

Survey uncovers emotional side of buying, selling real estate

Most homeowners report feeling worried during the process

About 70 percent of homeowners who completed both a home-sale and home-purchase transaction within the past five years said they felt worried during the buying and selling process, while 67 percent said they felt hesitant, according to a survey conducted for RealEstate.com. About 42 percent said the uncertainty of knowing how quickly their home would sell was difficult or more difficult than expected, and considered that time the most significant emotional low in the process, the company also reported. The survey gathered responses from 550 "bridging" homeowners – those who have been involved in both a home sale and home purchase. Sixty-two percent of bridging homeowner respondents were successful "dual-closers," meaning they were able to close on their existing home and move into their new home without a significant lapse in time, RealEstate.com reported. The remaining homeowners who bought and sold were either "homads" (those who sold their homes but had not yet closed on a n...

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