Buyers and sellers regret lack of information on property purchase
Summary
Landmark Information Group’s research suggests that most recent home buyers and sellers wish they had more information about a property and its location before agreeing a deal. The report says information gaps, delays and poor communication continue to slow transactions, while the sector prepares for government home buying and selling reforms.
Why it matters
For residential property surveyors, the findings reinforce the growing expectation for earlier, better-quality property information and clearer transaction readiness. This may increase demand for accurate pre-sale data, condition-related insight and coordination with agents, conveyancers and lenders.
Key points
- Nearly three quarters of recent movers wished they had known more before making or accepting an offer.
- 67% experienced uncertainty or delays after an offer was accepted.
- 95% said key property information at listing would make moving less stressful.
- Professionals reported spending an average of 34% of their working day chasing updates.
- The report links current inefficiencies to upcoming government home buying and selling reforms.
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