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House viewings: Advice on how to make the most of them from Zoopla
National World - LocalTV
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13/08/2024
Research from the property site Zoopla has found a fifth of prospective home buyers spent less than twenty minutes looking around a place before putting in their offer.
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Transcript
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00:00
Is it something about the current housing market that's making people make these quick decisions, do you think?
00:06
Well, you're totally right. Time is precious.
00:09
But you've got to weigh this up against buying a home being one of life's largest financial decisions.
00:15
The housing market is always competitive, even if there's a lull in supply or demand.
00:21
But moreover, what we were looking for is with time being so tight,
00:27
are those home buyers using the minutes they have in their home in the right way?
00:32
That is to say, are they looking at the right things?
00:35
How can prospective buyers ensure that they're making those decisions in an informed way, especially when the viewings are brief?
00:42
What should we be looking out for to make the most of our viewing time?
00:46
Home buyers were paying more attention to decorative items or to items that maybe had more of an emotional pull to them,
00:58
and perhaps neglecting to spend their time on items that could cost them more in the long run.
01:05
So I'm talking about things like boiler, boiler, health, ceilings, floors, windows, structural items.
01:15
And so we ran an experiment with we staged a real house that was for sale.
01:21
We got buyers in there who were genuinely interested in the property.
01:25
And we fitted them with special glasses with eye tracking technology to see exactly where buyers are looking when they go around a home.
01:34
And it did back it up because about 60 percent of the time was spent on those kind of decorative items, feature walls,
01:42
furniture, arts, furnishings, stuff that probably isn't going to be there when you move in even.
01:47
And much less time was spent on those items that or those areas of the home that if they're not quite right,
01:54
could end up being a bit of a money pit for an unsuspecting buyer.
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