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Nearly two-thirds (63%) of home sellers who sold a home in the past year experienced a delayed sale, one in five had a deal break down, and one in 10 had multiple I have been hit by a transaction failure.
A survey of UK home sellers commissioned by Moverly found that for the vast majority of sellers (63%) the schedule they have to move is a key factor in entering the market. I was.
However, of the 63% who encountered schedule delays when selling their home, 39% said the process of having to provide information about the property at various stages along the timeline of the transaction was one of the delays. I had a feeling it was the cause.
Also, more than a third (35%) find having to interact with realtors on a regular basis a cumbersome process, while 42% feel similarly when it comes to dealing with realtors. I feel
Additionally, 1 in 5 said that such delays caused a deal to fail.
Moverly co-founder Ed Molyneux commented: But it’s fair to say that in many other respects it still remains a bit archaic, and as a result many sellers may experience delays in trading schedules at best and collapsed sales at worst. .
“Unfortunately, it looks like sellers will endure more market turmoil in the coming months as interest rates continue to rise and the market tries to bounce back.”