A Sellers Market And Quick Decisions – Need Help In Housing Market?

16th August 2021 posted in SELLERS

With so much activity in the housing market, and a high level of demand from prospective buyers, purchasing a home can be difficult. With so much competition, vendors can afford to be choosy, and a recent study suggests that prospective buyers can make wrong choices that affect their ability to buy a home.

The study carried out by U-See Homes goes as far as to suggest that 58% of homeowners selling their home will not sell to a buyer who makes a poor first impression.

Be kind when viewing property

This means poor manners or rudeness could cost you a home, which is something that buyers need to think of when looking to enter the market.

We all know that this is a seller’s market right now, and there is clear evidence of this. The research also indicates that 70% of vendors make an instant decision as to whether a buyer was in or out of the running for their home.

Buyers need to make a good impression

This will sound harsh for some buyers, especially if they do nothing wrong. We all know at times people can take a dislike to other people for no great or real reason, but if you are scouting for your ideal home, you cannot afford to have this happen to you.

A further 22% of homeowners who are selling their home will decide within a day or two, which means that first impressions still have a huge impact on the final decision made in the housing market.

Other findings include:

·       48% of vendors saying they wouldn’t change their mind no matter how much money a prospective buyer offered over the asking price

·       A further 21% saying the buyer would have to offer at least 20% over the asking price (at the average UK house price, that is at least £51,000)

Some of the issues homeowners cite as viable reasons to turn down prospective buyers include:

·       General bad manners

·       People making negative comments about the property in front of the homeowners

·       Not removing shoes when asked to do so

·       Not wearing a face mask when asked to do so

·       While arriving early or late wasn’t deemed to be as harmful to a buyers chances as some activities, it still wasn’t overly helpful

Simon Dempsey, head of marketing for U-See Homes, comments: “As the saying goes ‘manners cost nothing’, but bad manners during the viewing process could cost you your dream home. It’s important to remember that someone’s home will often hold a hefty level of sentimental value regardless of the fact that they are selling up. So, you shouldn’t assume that they will sell to you just because you put in a good offer, or in many cases, even the highest offer.”

Simon continued by saying; “We all have our own visions and plans when moving into a new home and discussing these during the viewing process is no bad thing. It’s just important to do it with a bit of sensitivity in mind in front of the current owner.”

Currently, in line with Government guidelines, our Letchworth Garden City branch is open and our and lettings personnel are here to assist you. To clients old and new, if you have any queries or need advice on property sales and lettings then please call 01462 481100 or email ian.ellmers@country-properties.co.uk.