Happy Customers

"We were really pleased with the service we received and it did exactly as it said on the tin. Dad is now out of hospital and has cash in the bank, which has meant he can see his Grandchildren enjoy their inheritance."

Mr B, Burnley, Lancashire

"I had been caring for my Mother for a number of years and the thought of selling my property using an Estate Agent was a hassle that I did not feel able to cope with."

Mrs J, Lydney, Gloucestershire

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.

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