Estate agents back Government homebuying reforms
Summary
A GetAgent survey reports strong estate agent support for the Government’s proposed homebuying reforms, including binding agreements, earlier information packs and digital tools. The article says agents expect the changes to reduce fall-throughs, shorten transaction times and improve market stability.
Why it matters
These reforms could affect how residential transactions are progressed and documented, with implications for surveyors involved in pre-sale reporting, chain timing and transaction risk. Surveyors may see increased demand for earlier, more complete property information as the process becomes more front-loaded.
Key points
- 95% of surveyed estate agents support the proposed reforms
- 93% say binding agreements would improve market stability
- 76% believe more upfront information would reduce failed sales
- Government claims the changes could cut buying times by four weeks
- A code of practice and mandatory qualifications for estate agents are expected before year-end
Organisations:
GetAgent, Government
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