Feb 02

Homebuying Deal Breakers

The housing market remains competitive, but not to the point where home shoppers will overlook some kinds of flaws in a home. Exterior issues, like bad siding or loose bricks, and weatherproofing issues are among the biggest issues that home buyers said would make them pass on a home, according to a survey from HomeAdvisor of more than 1,700 homeowners about their biggest deal breakers.

But home buyers will still pursue homes that simply need some TLC or may have other, smaller flaws that could be flagged on a home inspection report.

Buyers say they are still likely to pursue a home if the home is in a fire zone or has lead paint, radon, or yard or landscaping issues, the study says.

Home buyers are showing a willingness to remodel when needed. The most important factors to them when they buy: price, home size, and an updated kitchen, the study finds.

Source: “Study Reveals Americans’ Homebuying Deal-Breakers,” HomeAdvisor (Jan. 10, 2022)

©National Association of REALTORS®
Reprinted with permission

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