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