Featured News

Categories: Home Buying

Two-thirds of couples argue over buying and selling a home

X Facebook LinkedIn Buffer Pinterest

Buying or selling a home can signal the beginning of a new phase in a couple's life together, but a new survey commissioned by Zillow and conducted online by The Harris Poll finds those two transactions are often fraught with conflict.

A vast majority of Americans (77 percent) who have gone through the home buying process with a significant other in the past decade say they argued over the home buying process. Nearly as many Americans (71 percent) who have sold a home with a significant other in the past decade say they argued over the home selling process, suggesting those two life events may take a toll on relationships.

Beefing Over Buying

Of those who argued with their significant other over the home buying process, most (54 percent) disagreed over the size or style of home to buy, and nearly half (47 percent) disagreed over a home's must-have features or deal breakers.

Other conflicts surfaced over the location or neighborhood to buy in (42 percent argued over this), the budget (37 percent) and whether to buy a fixer-upper (29 percent).

Nearly a quarter of couples who argued over the home buying process were feuding over their mortgage options, such as selecting the right lender or mortgage product.

Selling Squabbles

A large percent of Millennial sellers, aged 25 to 39, argued with a significant other over selling a home (85 percent) while a smaller share of baby boomer sellers, 55 years and older, argued about the home selling process (54 percent), indicating that life experience - and a higher likelihood of being a repeat seller - may help couples weather the tension that can come with a home sale.

Of couples who argued over the home selling process, a majority (69 percent) fought about at least one of three financial decisions: what price to list the home for, whether to drop the price and whether to accept an offer.

Many also argued over the following hassles of a traditional sale:

- Whether or not to make repairs (24 percent)

- Strangers walking through the home during open houses (24 percent)

- Keeping the house clean for showings (23 percent)

- Uncertainty over whether the house would sell or not (21 percent)

Previous Zillow research found more than one-third of home sellers cry when selling a home, and more Americans are stressed out by selling a home than they are by planning a wedding or getting fired. Zillow also found uncertainty caused sellers more stress than showings and repairs.

"We know buying and selling a home can be taxing, but now we know those stressors can cause friction in a relationship," said Zillow lifestyle expert Amanda Pendleton. "Couples may want to take that into account when deciding how to sell, and consider an alternative that removes many painful parts of the real estate transaction."

Mike Wheatley

Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at mike@realtybiznews.com.

Share
Published by
Mike Wheatley
Tags: buying a homedisagreementsZillow research

Recent Posts

How is immigration affecting the real estate and housing market

Immigration can have several effects on the real estate and housing market in any given…

7 hours ago

TKI’S QUARTERLY nSKOPE PREDICTIVE ANALYTICS REPORT:  300,000-PLUS CORRECT 2023 PREDICTIONS SHOW FAMILIES WITH CHILDREN ARE DRIVING LISTING INVENTORY

The nSkope Predictive Analytics Report unveiled today showed that families with children under 24 years…

1 day ago

ERA REAL ESTATE EXPANDS PRESENCE IN INDIANAPOLIS METRO Top-Performing Independent Brokerage in Putnam County Becomes ERA® Powered

ERA Real Estate®, a global franchising leader within the Anywhere portfolio of brands, announced today…

1 day ago

How to Get the Most Out of Your Home Equity Loan: 6 Optimal Strategies

In this ever-changing financial landscape, homeowners now have the keys to unlock a new wealth-building…

1 day ago

What Does "Real" in Real Estate Mean?

The term "real estate" has been used for a few hundred years, with the first…

1 day ago

What is Amortization? How Your Monthly Payment Breaks Down Over Time

Buying a home is one of the most exciting and challenging times in a person's…

1 day ago