Tel: 01268 755555

An unusual but large-scale peice of research suggests that older buyers are more likely to take their time viewing a property - and that those who spent more time viewing were also more likely to pay less.

Which? has surveyed 1,990 members of the public about their experiences of buying and selling property. 

A remarkable five per cent of buyers across the UK bought without viewing, although this figure jumped to nine per cent of Scottish buyers. 

Most of course preferred a second or subsequent look before making their decision: 43 per cent said they visited the last home they bought twice while 21 per cent viewed it a third time. 

Younger and first-time buyers generally spent less time than older buyers viewing and undertaking checks for things like damp and cracks in the wall. 

Some 52 per cent of buyers who spent under 10 minutes viewing their future home paid the full asking price or more. Fairly obviously, this appeared to happen in locations and at times where the local market was particularly competition. 

However,  71 per cent buyers who spent more than an hour-and-a-half in their future home paid below the asking price for it.

About 10 per cent of buyers from all categories did not commission a survey.

The most popular specialist checks commissioned by buyers in addition to general or mortgage valuation surveys were for damp or mould (70 per cent), the condition of the windows (69 per cent), and cracks in walls (68 per cent).

Across all age groups, some 38 per cent said they spent more than an hour looking around the last home they bought. Over-65s preferred to take more time, spending an average of 74 minutes viewing the property, compared to just over 49 minutes for people aged between 18 and 34.

The longer the viewing, the lower the sale price Tags: Posted on Sep 08 2015 | by Rob Hennessy
Quicksearch GO >
Tag Cloud property Countryside Estates moving Relocation Agent Network Rayleigh first time buyers RAN estate agent stamp duty Estate Agent buying property onthemarket.com buying house home rayleigh benfleet selling Selling Buying EPC property news estate agents selling property property damage essex Property Benfleet Sales Fees Commission Charges Comparison growth Conveyancing RICS moving costs mortgages property tax new builds new homes construction relocating SDLT eviction ban covid19 pandemic landlords tenants moving home removals knotweed japanese knotweed Onthemarket.com House Prices Relocation Agent Newtwork Prize Winners Southend Standard Buy to let. Onthemarket.com. Countryside Estates. Countryside Estates. Relocation Agent Network. Relocation Agent Specialist. Selling. Property. Onthemarket.com. Estate Agent. Rayleigh. Benfleet. OnTheMarket.com 2015 Local Expert Marks & Spencer listed countrysideestates freehold freeholder lease leasehold leaseholder second home European Union Referendum Vote Estate Agents Buying Selling New Build New Home Buying Selling New Home Renting Estate Agent Rayleigh Benfleet Landlord Renting House Bungalow Apartment Essex New Year New Year Resolutions Refresh Home Solicitor Research Local Expert Recommended Buy to let letting sales Pets Top Tips Buying Selling Relocation Estate Agent Rayleigh Benfleet for sale Help to buy scheme National Trading Standards rogue NTSEAT Ministry of Housing High Street Local Knowledge Personal Ownership Support Client Testimonials market activity property sales completion mortgage funds house prices selling prices buy to let. housing tax lenders rent payments Budget capital gains tax high street estate agents local estate agents First Time Buyer Help To Buy Property Ladder completion time searches technology green homes environment green homes grant energy efficient homes help to buy furlough job retention scheme HMRC fraudulant claims record keeping UK property news Covid-19 new housing house builders house building chancellor relocation changing area STAMP DUTY. STAMP DUTY HOLIDAY PROPERTY TAX eviction notice EPC Rating energy efficiency security burglary home security secure your property relocation estate agents heat pumps CO2 net zero COP26 Glasgow Climate Change dream home offers preparing to move selling your home house sale choosing an agent property website property portal branding launch new website new build broadband new build broadband sell your home property sale Japanese Knotweed Knotweed property survey surveys insurance bamboo invasive plants and property unpack unpacking boxes moving day rightmove material information property listings conveyancing legal solicitors invasive plants damage to property identifying japanese knotweed downsizing finance property value herbicides stamp accessible property access mobility accessibility housing needs inclusive mortgage mortgage terms terminology housing minister governement private road unadopted road property searches retirement retirement property housing pipes frozen pipes leaks plumber plumbing
Categories News
Property Search
Save search for e-mail alerts?
Please choose " Yes " if you would like to receive email alerts when properties matching your search criteria become available on our website.
Affiliated With
Back
to Top
Cookie Policy

The cookie settings on this website are set to allow all cookies to give you the very best experience. If you continue past this page without changing these settings, you consent to this. You can change your cookies settings at any time in your browser.


More Information