Feb 27

Home owners fear on the houses they buy.

Home owners fear on the houses they buy.

Home owners have been leveraging record equity on the homes they have, but many are worrying about their investments.  A report from Lending Tree shows that more than 1500 home owners in  the USA to see what they feel about home ownership.

Most seem to worry about the big repairs that always seem to happen with homes.  Over 1/3 of the people that responded to the survey list major repairs like roofs, siding and windows and doors as their biggest fears.

Other fears that were returned on the survey from home owners were:

  • 17% The value of the home will drop
  • 13% Higher mortgage payments due to taxes
  • 8% Having trouble buying a new home
  • 6% Having trouble selling the existing home
  • 4% Will not be able to afford the mortgage should something happen to income

 

About 2 % had other worries and over 18% of home owners surveyed had no worries what so ever about the home they purchase.

A lot of people that took the survey worried that the homes people are buying are starting to be less affordable.   And because of the higher home purchase price they are not planning on moving anytime soon so the major repairs are always on their minds.

So basically the higher home prices become the more home owners with sit tight, but in doing that they conversely start to worry or fear about major repairs that are coming down the pipeline.   So it’s basically a cart before the horse analogy or a chicken of egg, whichever you please.

Contact me and we can go over the fears of buying or selling a home and what might be right for your situation depending what the state of your current home is.  It may be better to sit tight and do repairs or it might be better to jump ship into a move in ready home and let someone else deal with the hassles of repairing your old home.

admin

For all of your Real Estate needs, place yourself in the competent hands of a career Realtor who is a Philadelphia native and Delaware County resident. Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both.

Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary.

Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that “perfect” property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently.

When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting – or exceeding – his clients’ expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame.

For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania… call Anthony DiDonato.