Housing experts say the spring buying season will still benefit sellers even as inventory dries up and home prices fall from peak highs, but a decelerating market is leaving many recent sellers with regrets. A recent survey from Zillow revealed that 84% of first-time home sellers wish they would have done something differently in the home selling process, whether that involves timing, pricing, or marketing their transaction.
The biggest regret among home sellers was not having a winning pricing strategy. Roughly nine in 10 first-time sellers said they could have sold their home for more money if they had priced their listings more competitively or made other decisions regarding their transactions, CNBC reports.
“Even in a really strong seller’s market, people still have regrets,” said Amanda Pendleton, Zillow home trends expert. “They second-guess their decisions.”
Competitively priced listings that find a buyer go under contract in 31 days, Zillow data finds. Meanwhile, other homes may linger on the market for a median of 73 days.
“That speaks to the power of pricing,” Pendleton said.