Written by Jim the Realtor

May 8, 2025

According to Opendoor’s new First-Time Home Seller Report, the COVID-era buying spree is not only over, it is biting back.

The low-interest rate buying frenzy in 2020 and newfound flexibility with remote work led to a wave of regret – 79% of first-time home sellers admit they made mistakes, with 91% saying these errors played a major role in their decision to sell.

The biggest culprits?

  • Buying too fast
  • Misjudging long-term lifestyle fit
  • Underestimating maintenance costs
  • Assuming remote work was forever

These regrets could be fueling a shift away from the traditional “forever home” mentality. Once seen as the ultimate goal, it now feels unrealistic for many, especially with changing lifestyles and economic pressures. In fact, 68% of first-time home sellers no longer see it as attainable, and 81% are selling what they once thought would be their lifelong home.

Read full report here:

https://www.opendoor.com/articles/homeseller-report

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Klinge Realty Group - Compass

Jim Klinge
Klinge Realty Group

Are you looking for an experienced agent to help you buy or sell a home?

Contact Jim the Realtor!

CA DRE #01527365CA DRE #00873197

Pin It on Pinterest