A large crop of unhappy homeowners is emerging after having time to settle with their hasty pandemic purchase in the last couple of years.
Buyers at the time were bidding up home prices to beat out fierce competition, and many waived the home inspection or appraisal to get the house they wanted.
But now they may regret the extremes they went to for a home: More than three-fourths of U.S. homeowners who purchased in the prior year expressed regret about their decision, according to an October survey from Hippo, a home insurance group.
The top reasons for their regret are:
-I spent too much: 30%
-I bought too quickly: 26%
-My home requires too much maintenance: 25%
-I bought a fixer-upper: 24%
-I was pressured to make an offer: 21%
-I bought sight-unseen: 17%
-I don't like my home's location: 15%
-I don't like my neighbors: 15%
-I don't like my home: 13%
This survey was conducted by Kickstand Communications on behalf of Hippo Insurance Services. Fielded between October 22-28, 2022, the results are based on 1,002 respondents.