With so many people active in the housing market because of the stamp duty holiday, you might ne preparing for a house move soon. It is important to note many people find the moving process to be stressful. If you are looking for guidance or assistance in this area, contact Stones Residential Stanmore, and we will do everything we can to help you.
In addition to helping local buyers and vendors in and around Stanmore, we also stay in touch with what is happening nationally.
Many people find moving home to be emotional and stressful
A survey undertaken by Zoopla, which was answered by more than 2,600 buyers, suggests many buyers find the property purchase an emotional and stressful activity.
62% of respondents said they found previous property moves more stressful than they had expected.
One of the biggest challenges in moving home is the property chain. 18% of respondents said they lost or came close to losing their property purchase because of issues with the chain. Only 11% of respondents said the buying process, when involved with a chain, ran smoothly.
34% of respondents aimed to develop a personal connection with the buyers. This step was taken to enhance the chances of the move running smoothly.
Financial issues are problematic in property deals
Close to 40% of respondents said their most recent property move cost more than they had originally budgeted for. 29% of respondents cited additional costs which caused them difficulties during the move. Some of the additional costs listed were conveyancers and surveyors.
44% of respondents said unexpected costs added more than £500 to the cost of their house move. 30% of respondents said they paid more than an extra £1,000 when moving and 15% of house movers said they had to shell out over £1,500.
Staging your home is crucial in attracting and connecting with buyers
When it comes to vendors regret, 53% of homeowners said they believed they’d have sold their home for a higher price if they staged their home. However, 31% of respondents said they didn’t have the budget to afford to improve their home at this time.
The importance of staging property was reiterated by 84% of respondents who said this activity is worthwhile.
Decluttering your home is also vital, with 52% of respondents wishing they did more in preparation for their move. 28% of respondents said they were too nostalgic when getting ready to sell their home. 20% of respondents said the process took far too long, which is an indicator many vendors underestimate the level of work associated with moving home.
Tom Parker is the Consumer Spokesperson at Zoopla and he said; “Moving home is one of the biggest investments we will ever make so it’s only natural the process inspires a wide range of emotions. Finding that balance between head and heart can often be the most difficult, and this is where agents have a crucial role to play in supporting home movers in their property journey. Agents will have experienced this process hundreds of times so can help not only with finding the right property but also making the purchasing or selling experience as seamless as possible.”
Whatever your circumstances are, or what move you would like to make next; we are here for you. Stones Residential prides itself on offering the best standard of service to our clients, and we work hard to help you achieve your property goals. If you would like to arrange an appointment or get more details on how we can help you sell your property, contact us today online or by calling us on 020 8954 0045.