Moving day tops list of property purchase stresses

Updated
Moving day tops list of property purchase stresses
Moving day tops list of property purchase stresses

Moving day is the most stressful aspect of purchasing a property, according to a survey of home buyers.

More than two in five (42%) people find moving day particularly stressful, while nearly one in three (31%) think deciding how much to offer on a property is among the most stressful aspects of moving home, research from Sarah Beeny's online estate agent Tepilo found.

Getting their mortgage agreed in principle is also deemed stressful by 28% of home buyers surveyed, while deciding which solicitor to use is seen as an added strain by 27%.

One in six (15%) home buyers fret over which fixtures and fittings will be included in a house sale, while one in five (21%) find wading through surveys a particularly tricky part of the process.

Deciding where to pitch an offer once one has already been rejected is seen as one of the most stressful aspects of purchasing a house by nearly one in four (23%) home buyers.

More than 2,000 people from across the UK who have either bought a property in the past year, are currently buying or are planning to buy in the next 12 months took part in the research.

Nearly two-thirds (61%) of people admit finding the home buying process confusing, with the main reason being the number of expensive and complicated hurdles they needed to clear to buy a home.

One in five (21%) people surveyed think transactions take too long while 14% worry about the risk of a sale falling through when they have already forked out on surveys and legal expenses.

Beeny said: "To help Brits feel more comfortable when buying and selling, I'd advise them to really research the process thoroughly before purchasing a new home or selling an existing one.

"Gen up on all the steps involved, the average costs for each and all the terms associated with property transactions.

"That way, you'll feel much more empowered and in control of the process, which will help to reduce your stress levels and give you more time to concentrate on how you'll make your new house feel like home."

Here are the options voted for by home buyers when asked by Tepilo's researchers which aspects of the buying/selling process they find the most stressful (people were allowed to choose three options):

- Moving day, 42%

- Deciding on how much to offer on a property, 31%

- Getting a mortgage agreed in principle, 28%

- Deciding on which solicitor to use and how much is a fair fee, 27%

- Deciding on how much extra to offer over your original offer if it is rejected, 23%

- Deciding on the type of mortgage you want to go for, 20%

- Deciphering the results of the survey once they come back through, 21%

- Deciding on which type of survey to have done, 17%

- Signing the contracts, 16%

- Agreeing on the fixtures and fittings to be included as part of the sale, 15%



Man Moves House 30 Feet, Gets $600,000
Man Moves House 30 Feet, Gets $600,000

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