How long does it take to find a new home? 25% of buyers need to see their future property only once shows research

17th August 2015


A third of home hunters spend almost three months browsing the property market, scouring websites such as Zoopla or Rightmove, dealing with estate agents and organising viewings, shows new research.

The new study, from Ocean Finance shows that typically would-be homebuyers visit four properties before finding the one they want to put an offer on. The analysis from the loan, mortgage and credit card provider also concluded that a quarter of people take just a week or less to find a new home and 17% need to visit only one property to know it’s “the one”.

When asked how many times homeowners-to-be visit the one property they like, 60% admitted they need to see their future homes two to three times before moving in, although over a quarter visit their chosen property only once. Over two-thirds of homebuyers know instantly or by the end of the first viewing that they want to move in, the study shows.

Gareth Shilton, spokesman for Ocean Finance, said: “Buying a home is the biggest purchase of our lives, and small mistakes can cost a lot. Make sure you do your research, there are many useful websites that can help you to find more information about the area you are moving to, but do a couple of visits to see the property and the neighbourhood. Don’t make any snap decisions, because then you may find yourself regretting buying a property that you are not happy with.”

When it comes to choosing your new home the smallest thing can put buyers off with the top deal breaker being traffic noise. The majority of respondents would not buy a house on a main road while a lack of natural light or an electricity pylon around the corner can also make a house unattractive for many people.

No local shops or supermarkets can let the property down, as well as little or no storage in the house. Home seekers are also put off by a property that is too far from public transport or with an untidy or small garden. Shilton added: “When you are house hunting you are on the lookout for deal breakers, like a bad neighbourhood or messy garden. Before you start looking make a list of what you consider to be an essential you can and can’t live with and what can be easily improved or upgraded such as wallpaper or carpets.

Leave a Reply

Your email address will not be published. Required fields are marked *