SEATTLE, Feb. 12, 2020 /PRNewswire/ -- 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 Polli 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."
Zillow Offers is a new way to buy and sell that allows
homeowners in 23 markets nationwide to avoid open houses, showings
and repairs by selling their home to Zillow. Couples can skip
the uncertainty of a traditional sale and set their closing date,
anywhere between seven and 90 days, and move on to the next chapter
of their lives.
About Zillow
Zillow® is transforming how people buy, sell, rent and finance
homes by creating seamless real estate transactions for today's
on-demand consumer. Zillow is the leading real estate and rental
marketplace and a trusted source for data, inspiration and
knowledge among both consumers and real estate
professionals.
Zillow's proprietary data, technology and industry partnerships
put Zillow at nearly every major point of the home shopping
experience, helping consumers search for and get into their new
home faster. Zillow now offers a fully integrated home shopping
experience that includes access to for sale and rental listings,
Zillow Offers®, which provides a new, hassle-free way to buy and
sell eligible homes directly through Zillow; and Zillow Home Loans,
Zillow's affiliated lender that provides an easy way to receive
mortgage pre-approvals and financing. Zillow Premier Agent
instantly connects buyers and sellers with its network of real
estate professionals to help guide them through the home shopping
process. For renters, Zillow's innovations are streamlining the way
people search, tour, apply and pay rent for leased
properties.
In addition to Zillow.com, Zillow operates the most popular
suite of mobile real estate apps, with more than two dozen apps
across all major platforms. Launched in 2006, Zillow is owned and
operated by Zillow Group, Inc. (NASDAQ:Z and ZG) and headquartered
in Seattle.
Zillow and Zillow Offers are registered trademarks of Zillow,
Inc.
i This survey was conducted online within
the United States by The Harris
Poll on behalf of Zillow from January
30 – February 3, 2020 among
2,004 U.S. adults ages 18 and older, among whom 816 have gone
through the home buying (n=583) or selling (n=387) process with a
significant other in the past 10 years. This online survey is not
based on a probability sample and therefore no estimate of
theoretical sampling error can be calculated. For complete survey
methodology, including weighting variables and subgroup sample
sizes, please contact press@zillow.com.
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SOURCE Zillow