Buying a home takes long term commitment, can be trying on your emotions and is easily one of the most exhilaratingB times in your life…if it’s the right one! B In other words, it’s very similar to dating! B In the article below, Yuqing Pan with Realtor.com actually examines how home buying can be similar to dating and we found it to be quite entertaining, enjoy the read!
Why Home Buying Is (or Isnb t) Like Dating
Thereb s something desperately missing in your life. You decide to do something about itB now, and so you sign up for one of a slew of websites that aim to help yearning hearts like yours find a match. You flip through profiles late at night, and certain phrases or well-lit photos make your heart skip a beat. And when you think you may have found b The One,b you figure itb s time to make an assessment in person.
Dating? Or house hunting?
It could be either.
NeitherB buying your dream home nor finding true love comes without effort. But just how deep does the comparison go? To find out, we pulled together some data about bothb the emotional highs and devastating lows that people experience on their journeys. You be the judge.
Before you even begin to look forB homes, youb ve probably heard all about rising home prices, bidding wars, stringent mortgage standards, and other rough-and-tumbleB tales (especially if youb re a regular reader of realtor.comB.!). If you feel a little disheartened, youb re not alone. A little over half of home buyers (52%) believe they will find their dream home in their price range, while 48% say itb s impossible,B according to a 2014 survey byB BMO Harris Bank.
People are way more optimisticB when it comes to love. A 2011 Marist poll showed that 73% of Americans believe that they areB destined to find their soul mate.
But while some say that positive thinking is the key to success, thinking aloneB wonb t get you there. Itb s all about the numbers, baby! Which leads us tob &
Life would be so much simpler if the first house youB ever visited, or the first person you ever kissed, was The Oneb but you donb t live in a fairy tale. (Do you? If so, please contact us!)
Home buyers, be prepared for the long haul: Buyers typically search for 10 weeks and look at 10 homes before purchasing, according to theB National Association of RealtorsB..
Love doesnb t come easily, either. According to aB British study, an average adultB womanB will have fiveB relationships, four disaster dates, 15 kisses with different men,B and two heartbreaks before meeting The one.
What about the guys? The b playerb stereotype doesnb t really hold up: The average man willB have sixB relationships and be stood up twice before finding his perfect half.
TheB InternetB has made finding a home muchB easier than ever. TheB NAR report showsB 92% of home buyers use the Internet at some point during their search. Online websites (such as, ahem, realtor.com) areB deemed a very useful information source by 82% of buyers, while not quite as many (but still a high number: 78%) sayB the same about their flesh-and-blood real estate agent.
Although thereb s been a sea change in the way that people view online dating (the idea of findingB love onB the Internet once fell somewhere on the scale between dubious andB pathetic), people arenb t quite as quick to jump online to seek a mate as they are to look for a house.
A 2013B Pew Research CenterB survey showed 38% of Americans who were single and actively looking for a partner had used online dating sites or mobile dating apps. But among those who have, the majority say dating sites and apps help people find a better romantic match because ofB the wide range of potential partners they can access.
The first few minutes home buyers spend at an open houseB go a long way in influencing theirB decisions. Three-quarters (77%) of home buyers say theyb ll know immediately when theyb ve found their ideal house, says the BMO Harris Bank survey.
AboutB half (52%) of Americans say they believe in love at first sight, reveals aB Gallup poll. Another study showsB it takes only 12 minutes for peopleB on a first date to decide if theyb re interested in the other person. As soon as peopleB sit down, theyB will be immediately judged on theirB smile (64%), whether theyB make eye contact (58%), and theirB tone of voice (25%).
Just like the sexy-hotB European sports car you bought whichB turns out to get 4.5 miles per gallon and not evenB have room for a suitcase in its trunk, the house that you spend months buying may turn out to be a bummer.B About 80% of home buyers have at least one major regret about their new home, says anB HSH.com survey. Some top complaints include being too small, not having enough storage space, neighbors, and school system.B
What about people? Well, the person that you pledge to share your life with can also turn out to be Mr. (or Mrs.) Wrong.B A whopping 72% of married women have considered leaving theirB husband at some point, and more than half (57%) sometimes regret marrying him, according to aB poll by Womanb s Day and AOL Living. Relax, that doesnb t mean all of them are getting a divorce. Despite the regrets, 71%B stillB expect to be married to their spouse for the rest of their lives.
The reality, of course, is that neither homes nor relationships are ever truly perfect. But if you really work at understanding what you want and what you need, and taking the time to assess a variety of options, youb re likely to find a pretty good fit. Maybe even one that will improve with time.
Source:B Pan, Yuqing. “Why Home Buying Is (Or Isn’t) Like Dating.” Realtor.com. N.p., 8 Feb. 2016. Web. 1 Mar. 2016. <http://www.realtor.com/news/trends/why-home-buying-is-or-isnt-like-dating/>.