Happy Customers

"National Homebuyers' staff were friendly and helpful and we went on to agree a sale with them; they even allowed us to change the completion date at the last minute to secure the property of our dreams."

Mr & Mrs M, Sandown, Isle of Wight

"So, what can I say? National Home Buyers….were fantastic, yes, they made a good chunk of money on my house but you know what? They dug me out of a hole where I had given up hope of anything good happening. From start to finish they were very helpful, I must say though that Laura […]"

Mrs M, Devon

Asking prices drop after agents fail to disclose issues

Sellers have been required to drop asking prices by an average of £7k in England and Wales when problems with noisy neighbours came to light – after their estate agents failed to notify buyers.

Consumer Protection From Unfair Trading regulations stipulate that estate agents must report any negative matters which could affect a UK home buyer’s decision to proceed or reduce the price offered. However, research by insurance company Churchill revealed that only 40% of agents asked about antisocial behaviour and noise pollution problems.

As discussed in our house selling blog last week, nuisance neighbours can make people keen for a quick property sale, but also make it difficult to find a buyer. If a house seller or agent fails to advise potential buyers of a noise problem, it may often be picked up later as the result of a survey or local research by the buyer or their solicitor.

“If someone is looking to sell their home and they have had a dispute with a neighbour, they must disclose this as early as they can,” said Mark Hayward, managing director of the National Association of Estate Agents (NAEA).

Are you worried about selling a problematic property? Contact National Homebuyers for advice, as we buy any house for cash. Call 08000 443 911 or request a call back to find out more.

What happens on completion day?
What do “under offer” and “sold subject to contract” actually mean?