Sell My House Now Stockton
Sell My House Quickly Stockton found an interesting article by Teeside Live about people who bought a home during the coronavirus pandemic regret how much they paid. If you have been let down by a buyer and require to sell your house now in Stocktonthen we can help.
Homeowners said they had felt under pressure to buy quickly
According to a survey, half of the people who bought a home during the coronavirus pandemic regret how much they paid.
Some 94% of people who had purchased a home since March 2020 said they had felt under pressure to buy quickly, typically taking just 46 minutes to view their property, Aviva found.
Around nine in 10 (92%) pandemic buyers had found problems with their homes that they had not noticed during the viewing.
The insurer interviewed 2,200 UK homeowners as part of its “how we live” research, including 500 who had agreed on a purchase between March 2020 and June 2021.
Some 50% of people who had agreed on a purchase during the pandemic said they now regret the price they agreed to.
This compared with just one in eight (12%) of home buyers who had bought their home before early 2017.
Nearly a quarter (23%) of those who bought between March 2020 and June 2021 said they agreed on a figure over the asking price. This compared with just 8% of those who had done so in the year before March 2020.
Much of the housing market was effectively shut down early on in the pandemic, resulting in surges of buyer interest as it reopened and people looked to make lifestyle changes, perhaps by moving to a more rural area or finding a property suitable for home working.
House prices have hit a string of new record highs in recent months.
A temporary stamp duty holiday, introduced last year, also helped to boost demand. The holiday is now being tapered before reverting to normal levels this autumn.
A third (34%) of people buying during the pandemic said they were spurred on by the stamp duty holiday and 32% did not want to miss out on homes selling fast. A similar number (30%) said they had lost out on other properties because they had not made an offer quickly enough.
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