Most buyers and sellers of real estate experience stress in the transaction process

For the vast majority of buyers and sellers of real estate in England the process of the transaction of purchase and sale of apartments or houses causes stress and the most stressful situation are delays in processing the transaction and dissatisfaction with the Agency.

Approximately 69% of sales and 62% of buyers said that the cause of stress for them is the delay in the transaction, 46% of sellers worried about changing opinions of a buyer after the offer was sent. In a study by the “Department for Business Innovation and Skills”, also noted that 24% of sellers would use another Agency, and 32% of sellers and 28% of buyers are not satisfied with the other attorney.

The research covered the whole process of purchase and sale of real estate in England ranging from the process of housing search, negotiation process and finishing process. Was also considered a failed transaction.

Some sellers of real estate in England started to use online estate agents who are willing to take a low fee for their services, However, as it turned out, these people only 5%. The vast majority of sellers – 83% prefer to apply in case of intention to carry out the transaction of purchase and sale to traditional real estate agencies with their own offices. The study also found that 75% of the sellers appealed to more than one estate Agency to sell your property. Satisfaction with real estate agent expressed by 81% of buyers and 84% sellers, at the same time, approximately one – third 32% of sellers and 28% of buyers are not satisfied with your lawyer accompanying the deal.

Buying or selling real estate is one of the most stressful processes in life, in the UK it is so because the sector of purchase and sale is regulated largely outdated rules. According to market specialists, the process should be streamlined and directed on satisfaction of interests of the consumer.

® Helen Entree. 23.10.2017 G.

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