Potential home owners are viewing a record number of properties before committing to buy their ideal home, according to new research.
One in five agents has spotted how many buyers view between 11 and 15 properties before deciding on the right one to buy, according to a survey from Move With Us.
Director Robin King said: “The move cycle is becoming much longer due to the lack of available funding in recent years. Consequently buying property is a longer term investment than previously seen and it’s factors such as these that are leading to home owners viewing more properties and doing more research to ensure their decision is sound.
“Estate agents should hold open house sessions to cope with the increasing amount of viewings buyers are completing, therefore freeing up more time qualifying and identifying the motivated buyers from those that are still in the early stages of moving.”
The survey also revealed the factors that potential homebuyers are most willing to compromise on when looking for a new home.
Size of garden was top of the list at 40 per cent, a third of buyers would be prepared to give up on a downstairs cloakroom, 15.4 per cent are flexible on location, one in ten say parking doesn’t have to be a deal breaker and only 2.7 per cent say they are willing to think again when it comes to the number of bedrooms they are looking for.