The waiting aspect is the most stressful part of a property transaction, with a faster and quicker service the thing most home movers would like to see, according to a national poll undertaken by Morar Consulting. The principal cause of stress through waiting was caused by the conveyancing process – the legal process required to sell or purchase a property – which the survey reports to take an average of 11.3 weeks.
What’s more, over a third of the 2,000 respondents said they have a very limited knowledge of the conveyancing process.
The poll, found that solicitors dominate the conveyancing market with 78% of consumers using a solicitor, 11% using a licensed conveyancer and the rest using an online conveyancing service or undertaking their own conveyancing.
The survey also revealed that one in ten consider home buying to be the most stressful life event they have ever experienced, placing it above events such as a redundancy and having a baby for the first time.
Elliot Vigar, CEO of Veyo, commented: “Understandably buying a home is incredibly stressful – there is a huge sum of money at stake. But adding to the stress is the fact that many homebuyers do not feel in control, are out of the loop and have limited knowledge of the conveyancing process.”
“This can have a very negative impact on their relationship with their conveyancer. Many home movers stressed their desire for improved communication and greater transparency with advice up-front – enabling them to feel more in control.”
At Cadman Homes, the only family owned and run estate agents in Rugby, we have a solution. By instructing us to sell your home on our “quick start” pacakge you benefit from a specialised service that sees the time it takes to exchange contracts reduced by up to 2 weeks. Our partner lawyers will package important documents ahead of the sale for you, reducing the amount of admin and “running around” you have to do once we’ve found you a buyer. For more information call Adam McHenry or Tamara McLaren on 01788 560 905 or contact the Rugby office.
21st January 2015 – Adam J McHenry MInstSMM