An interesting news story caught our eye this week. Research carried
out by Which? has found that older buyers are more likely to take their time
when it comes to a house viewing, with those who spend more time viewing also
likely to pay less. In other words, the longer the viewing, the lower the sale
price.
The poll of nearly 2,000 questioned members of the public about their
experiences of buying and selling property over the past five years.
Incredibly, 5% of UK buyers admitted to having purchased without even
viewing the property first; a figure that jumps to 9% for Scottish buyers.
Unsurprisingly, most people like to have a second look before they decide – 43%
said they viewed the last home they bought twice, while 21% viewed it three
times.
Generally speaking, younger and first-time buyers spend less time than
older buyers on a viewing. They are less inclined to check for things like damp
and cracks in the wall.
The survey found that 52% of buyers who spent under 10 minutes viewing
their future home paid the full asking price or more. However, this usually
happened in locations where the local market was very competitive – so, in
order to not miss out, the buyer was willing to match the asking price or
above.
By contrast, 71% buyers who spent more than an hour-and-a-half viewing
their future home paid below the asking price for it.
At Balgores Property Group we will always do our
utmost to get you the best possible price for your home, no matter how long the
viewings last! We have branches in a number of locations across Essex, East
London and Kent, from Basildon and Brentwood to Upminster, Hornchurch and
Gravesend.
Although our branches all offer something slightly different, our team
pride themselves on excellent customer service and the 'personal touch' to make
the selling or letting experience as smooth as possible.
As well as expertise in sales and lettings, we also help out with the
conveyancing and legal aspects of a property sale. We have a national network
which includes over 70 regional solicitors specialising in conveyancing and the
legalities of the property market. In addition, there is Balgores Network Auctions, the place to head for
a quick, easy and guaranteed sale.
If that wasn’t enough, we also have our own financial
services arm. This is where we give our customers expert advice on
all the latest goings-on in the mortgage world and help our clients get the
mortgage that most suits their needs.
For more information about the services we offer, please contact us at one of our numerous branches. If
you don’t want to just take our word for it, check out our testimonials page to see what our customers say
about us.
Research has shown that the majority of customers choose their agent
based on trust. As such, we aim to offer a unique and transparent service that
keeps our clients comfortable and reassured throughout. So, whether it’s glossy
marketing materials, floor plans, virtual tours or face-to-face meetings, you
can rest assured that we’re doing all we can to sell or let your home.
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