11 Oct

Many buyers view only once before offering

Many buyers view only once before offering

Over a third of buyers put in an offer after viewing a property for less than 30 minutes, according to new research.

A survey conducted for First Direct discovered 36 per cent of buyers make a decision to buy after one viewing, while 26 per cent took at least three viewings to put forward an offer.

With the average property now at £226,185, there are concerns some people could be rushing into a major financial decision.

“Every week thousands of home buyers are making six-figure decisions based on one quick tour of a property. Unfortunately, a lot of buyers then find they’re faced with expensive repair and renovation bills because they hadn’t done thorough checks beforehand,” said Joe Gordon, head of First Direct.

“While the market is moving so fast in some areas it’s understandable people feel they need to make a quick decision. But buying a property is the biggest financial commitment most of us will make so it’s vital to do your homework,” he added.ADNFCR-1222-ID-801840829-ADNFCR

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