Survey finds 90% of sellers willing to pay for sale reforms
Original Article Summary
Nine out of ten home sellers would be prepared to pay approximately £300 for upfront property information and legally binding offers if it accelerated the sales process, according to research by conveyancing firm LRG. The survey of 221 buyers and sellers found that nearly half of respondents had experienced a transaction collapse after an offer was accepted. The post Survey finds 90% of sellers willing to pay for sale reforms appeared first on PropertyWire.
PropMatch Curated Analysis
90% of sellers would pay ~£300 for upfront property information and binding offers to speed sales, though 68% want proof of benefits first. Government consultation on seller packs and binding offers could transform UK property transactions.
Investor Relevance
Proposed reforms could significantly impact transaction costs, timelines, and success rates for property investors. Understanding seller sentiment and potential £300 additional costs helps investors prepare for structural market changes and factor new expenses into acquisition strategies.
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