Pall Spera Company Realtors-Stowe, VT
Pall Spera Company Realtors-Stowe, VT
Teresa Merelman, Broker, Pall Spera Company Realtors-Stowe, VTPhone: (802) 793-5171
Email: [email protected]

What homeowners wish they knew before buying a house

by Teresa Merelman, Broker 03/06/2024

What homeowners wish they knew before buying a house  featured image

Deciding to purchase your first home is a huge step, as it’s often a long term financial commitment. Studies have found, as much as 70 percent of homeowners have at least 1 regret regarding their property.  

Understanding common homebuyer regrets can help guide you during the homebuying process towards a home you can be truly happy with for years to come. 


Forgetting to research the neighborhood

It’s easy to become so focused on a home itself that you neglect to account for its surroundings. The neighborhood your home is located in can have a large effect on your daily life, so consider accounting for aspects of the neighborhood you and your household can enjoy.  

If you have young kids, you may want to be located near parks and good school districts. Is the location of the home near grocery stores, your job, medical facilities? Acknowledging your lifestyle can help you pick a home in a neighborhood you’ll love.  


Getting pressured into making a decision

Sometimes, a seller may portray their home as being highly sought after to encourage higher and more frequent offers. Similarly, you may find your household has time constraints and want to make a quick home purchase. 

With all the pressure, it may be easy to settle for a home to meet a deadline or feeling like a property of interest will be unreachable if you don’t act fast. However, taking your time can help you and your real estate agent examine all details to figure out if this is a good long-term investment.  


Forgetting you might someday have to sell the home

Sometimes, properties can be difficult to sell due to factors such as their location and surroundings. For instance, a remote home or one that is located too close to loud areas may not matter to you, but they may deter potential homebuyers.  

This lesson also holds true for what you do with your home once it’s purchased. Making flashy renovations or design choices may not appeal to the average homebuyer and can make your home more difficult to sell. 

Using the aforementioned tips, you and your real estate agent can do the research and take the time to figure out if the home you’re interested in is the most fitting choice.


About the Author
Author

Teresa Merelman, Broker

 Teresa's beginnings were at Fort Belvoir, Virginia. She was child #5 of 8 and born into an Air Force family that moved all over the United States but usually ended up back in the Washington, D.C. area. Teresa attended Miami University in Oxford, Ohio and received her bachelor's degree in business from George Mason University, in Fairfax, Virginia. Some of her prior careers include: computer buyer in Fairfax, Virginia; Deputy Clerk at the U.S. District Court in Denver, Colorado; Police Officer in Steamboat Springs, Colorado; and Bed & Breakfast owner in Stowe, Vermont. Teresa obtained her license as a Realtor® in 1998. She has been through many ups and downs in this profession and continues to learn every day. She very much enjoys the real estate profession and the wonderful people she has met and assisted along the way. In order to serve her clients and customers, Teresa continually attends classes and seminars. Some of her Designations and Certifications include: 

  • ABR - Accredited Buyer Representative (2003)
  • CBR - Certified Buyer Representative (2000)
  • e-PRO - Internet Certified Professional (2001)
  • CNHS - Certified New Home Specialist (2005)
  • CRS - Certified Residential Specialist (2005)
  • AHS - Accredited Home-Stager Specialist (2008)
  • TRC - Transaction Referral Certification (2009)
  • RSPS - Resort and Second Home Specialist (2009)
  • GREEN - NAR's Green Designation (2009) 
  • SFR - Short Sales & Foreclosures Certification (2009) 
  • SRES - Senior Real Estate Specialist Designation (2012)
  • AHWD - At Home With Diversity (2021)
  • SRS - Seller Representative Specialist (2021)

Teresa has also served and continues to serve on several boards:

  • Lamoille Area Board of Realtors - President and Board of Directors
  • Vermont Association of Realtors - Board of Directors
  • NEREN (MLS) - Board of Directors and Shareholder 
  • Vermont Real Estate Commission - as a member of VAR's Liaison Committee
  • Stowe Vibrancy - Board of Directors - this is a volunteer group that promotes activities in the Village of Stowe

In 2007, Teresa was named Vermont Realtor of the Year.Teresa and her husband, a local attorney, moved to Stowe in 1987. They had two sons and Stowe has been their home for the past 36 years. She still feels the Stowe area is a wonderful place to raise a family, there's always something going on. Teresa can often be found behind the lens of her camera documenting the beauty of the area and its many events.As an update, Teresa's older son is now a Doctor/resident at the University of New Mexico's Emergency Management Program. Her younger son graduated from James Mason University and currently resides in Chicago, IL as a supervisor for OKTA.