What Are The Biggest Deal-Breakers For Homebuyers? – NMP Skip to main content

What Are The Biggest Deal-Breakers For Homebuyers?

Jan 20, 2022
Photo of a torn contract signifying a deal-breaker. Credit: iStockphoto.com/Savushkin.
Director of Events

The housing market is holding strong but that doesn't mean homebuyers don't have their fair share of deal-breakers when it comes to purchasing a home.

To find out what the homebuying deal-breakers are for Americans, HomeAdvisor surveyed 2,000 homeowners who purchased their homes within the last five years. What the results showed was that homebuyers aren't exactly willing to settle when there are major issues and repairs involved.

According to HomeAdvisor, 49% of homebuyers said that exterior issues such as bad siding or loose bricks were a deal-breaker for them. This was the top answer among other issues that include weatherproofing issues (46%), a significant number of repairs needed (44%), noticeable flaws in the foundation (43%), and cracked walls or ceilings (41%) rounded out the top five deal-breakers for homebuyers. 

Additional deal-breakers include bad remodel work, drainage issues, age of the home, structural issues, and uneven floors. As for what buyers are looking for the most during the homebuying process, HomeAdvisors' report revealed that price, home size, and an updated kitchen were among the top three items that mattered the most. 

As for the homebuying process, 60% of respondents who purchased their home prior to the pandemic said that purchasing a home was a stressful experience. That percentage quickly increased to 86% during the pandemic as real estate agents, brokers, and loan originators were all inundated with the surge in volume. 

That's not all, 31% of homebuyers who purchased prior to the pandemic said they were outbid on at least one property. That percentage ballooned quite a bit to 79% during the pandemic as buyer competition heated up. According to the report, 48% of folks who purchased a home prior to the pandemic said they made a decision more quickly than they were comfortable with. Among those who purchased a home during the pandemic, 84% said they made a decision on a home more quickly than they were comfortable with. 

HomeAdvisor also reported that 63% of homebuyers say they would go over budget for the perfect home and one in four would go over their budget by $100,000 for the perfect home.

About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Jan 20, 2022
The Best Week To Buy Is Almost Here. Are Your Borrowers Ready?

Realtor.com projects more inventory, less competition, and lower listing prices next week, giving originators a short window to revisit sidelined borrowers

Sep 21, 2026
More New Homes Are Underway, But Financing May Decide Who Wins

Single-family construction rebounded in August, but falling permits, fewer completions, and widespread builder incentives point to a tougher fight for the purchase loans those homes eventually produce

Sep 18, 2026
Best Purchase Markets Pair Affordability With New Construction

Des Moines and Raleigh lead Realtor.com’s metro rankings as housing supply and borrower purchasing power increasingly divide local markets

Sep 17, 2026
UWM Says VantageScore Improves Results For 1 In 4 Borrowers

Wholesale lender says alternative scores are producing lower rates or reduced LLPAs for some borrowers

Sep 17, 2026
Port St. Lucie Shows Where Florida’s Housing Growth Is Moving

Available land, lower home prices, and domestic migration are drawing buyers to the Treasure Coast as growth slows in several larger Florida cities

Sep 16, 2026
Southern Boomtowns Expand The Mortgage Prospect Pool

Eight of LendingTree’s 10 leading growth markets are in the South, but more residents and housing do not automatically produce more closings

Sep 15, 2026