publication date: Jul 19, 2010
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author/source: Kate Faulkner, Property Expert and Author of Which? Property Books
Buying a House Process
Calling all Buyers: Don’t rush into buying a property!
Shocking new research from ING Direct suggests that on average, a homebuyer in the UK spends just 21 minutes viewing a property before deciding to buy it!
Kate Faulkner, Managing Director of Designs on Property says “This isn’t new news, and in fact is slightly better than the 15 minutes they used to take some years ago” says Kate, “However, it continues to shock me at the lack of time, effort and checks, and particularly planning and research, that buyers take when considering a new home.”
Designs on Property helps consumers by answering any question or helping solve problems when people are looking to buy or sell a home. They do this by working with consumers directly through www.designsonproperty.co.uk or by email enquiries@designsonproperty.co.uk and even by phone on 0845 838 1763.
Kate continues: “We find that there are two types of buyers and sellers, ones who don’t seem to understand what questions they should be asking or research they should be doing. These are often the ones that skimp on having a survey, don’t check the detail of the lending criteria and then either end up pulling out of the deal or worst still buying a ‘home from hell’. When they then hit a problem, they are quick to blame the industry”.
Kate does work with some great buyers and sellers, who appreciate that it’s a complicated process, understand and ask questions at every stage and appreciate paying for good service. Kate says “We love dealing with buyers and sellers that ask hundreds of questions throughout their move because that way we can help them. Our frustration is people that do take just 20 minutes to decide on a home, don’t refer to independent experts, then end up being frustrated by the process or worst still, costing other people and companies money by pulling out”.
So, perhaps in future, all buyers and sellers could put as much time into researching and planning their move as they do into other decision making events in life, which according to ING include:-
- 3 hours 37 minutes picking their satellite TV package
- 4 hours 44 minutes buying a TV, and
- 2 hours 44 minutes choosing a coffee table!
For those that do want a smooth move, contact us by email enquiries@designsonproperty.co.uk or by phone 0845 838 1763, better still, buy a First Time Buyer Pack or Sellers' Pack and make sure you have access to the Designs on Property team so you can enjoy a smooth move!