To Ask or Not to Ask: How Much Did You Pay for Your House?

Kimberly Bean
Kimberly Bean
Published on October 24, 2017

Depending on how old you are – don’t worry, you don’t have to tell us – you might think nothing of asking someone how much they paid for their home.

Shocked that someone would even ask? We’d guess you’re not a Millennial.

According to a new survey, 70 percent of respondents think it is OK to ask someone how much they paid for their house. If you’re a Millennial, that number jumps to 81 percent. If you’re 65 or older, it drops to 49 percent.

And age isn’t the only factor that determines how you feel about this question. The percentage who are OK with the question changes by region:

  • Western states: 77 percent
  • Northeastern states: 68 percent
  • Southern states: 66 percent
  • Midwestern states: 55 percent

Why the disparity? theorizes that it has to do with the volatility of the local market. In stable markets, like the Midwest, home buyers already know what to expect when it comes to home prices. In volatile markets like the coasts, asking what a recent homebuyer paid is part of the research process.

Would you feel comfortable asking – or answering – this question? No matter which side you fall on, shares tips for how to handle it if you want to ask it delicately or answer without specifics.

Accokeek MD Homes for Sale and Real Estate Services in Southern Maryland. You now have a search engine to help you with your Southern Maryland home search! And I’m ready to provide you with a custom home valuation if you’re considering selling your home. Let’s connect to discuss how I can help you. Contact Kimberly Bean at 301-440-1309

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