Buying and selling homes is stressful, but selling is considered more stressful. Selling a home often requires many months of hard work. However, this inconvenience will pay dividends and you will soon be able to move on to the next chapter of your life. In short, selling and buying a home is stressful, but selling takes the crown.
Reduce the stress of selling with a cash offer Avoid the repairs, staging, displays and the many hassles of selling the traditional way. When you request a cash offer from HomeLight's Simple Sale platform, you can close in as little as 10 days. Request Offer However, one of the biggest stressors in selling a home starts with how to find a qualified real estate agent. Recent statistics show that there are more than 3 million active real estate licensees across the country.
The COVID-19 pandemic and, recently, the omicron variant may be adding additional stress to your home sales process. Talk to your agent about your health and safety concerns so they can help you and share with you all of the available options. One reason the timing and financing of selling a home can be stressful is that many homesellers (64%) are buying another home at the same time. In fact, 51% of home sellers found it stressful to schedule the sale of their current home with the purchase of a new one.
This first impression goes a long way with buyers, as many decide, in the first few seconds of seeing a house, whether they are going to buy it or not. To overcome a process that can be challenging in many ways, review this list of strategies and resources that will help you navigate this period of home selling in limbo and minimize stress along the way. All in the name of making your home a neutral space for potential buyers to see each other in it. It's important to remember that, of course, not everyone is in a position to be able to buy their own property, which in and of itself is a growing concern for the younger generation.
Sure, buyers can spend hours on the computer looking at house after house on the Internet, or browsing house after house in person, but that pales in comparison to all the work and dollars that go into preparing those homes for sale. Robinson finds that customers are equally stressed about the possibility of their home selling too quickly in this low-inventory market. But there is also this underlying element of emotion during the buying process that is virtually absent on the sales side. Even in a housing market where sellers have the upper hand and buyers must compete for limited properties, homeowners find the process of selling their home stressful.
Sellers are equally stressed (52 percent) by concerns that an offer will not be met and by demands to make home improvements and prepare their home for sale. You might think that most of that stress of selling revolves around juggling family and life while keeping the house ready for last-minute screenings, but sellers said the two main causes of stress revolve around time and money, things they can't control. It seems that the relationship with industry professionals needed to buy a property can also cause homebuyers to go through it. Younger sellers are more likely to worry about leaving the house during tours and open days than older sellers, and Gen Z homesellers or millennials are more likely to feel stressed due to lack of control over the sales process than do vendors of previous generations.
On the other hand, the seller of the house does not have this option; the sale of the house does not end until the house is sold. That's because, even after all this stress, 10% of homebuyers said they suffered buyer's remorse after buying their home. Many cash-for-home transactions have moved to the Internet, while iBuyer companies come to value your home using technology and offer an almost instant offer for convenience. At the top of the list, according to Zillow, is not knowing if the house will sell when homeowners want it, which 56 percent of respondents rated as stressful.