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How long does it take to choose a new home?

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Mon 24 Aug 2015

How long does it take to choose a new home?

 

Research shows that a third of house hunters spend almost three months browsing the property market before deciding on their new home.

The new study, conducted on behalf of finance provider Ocean Finance, shows that on average, homebuyers visit four properties before finding the one they are happy with.

Interestingly a quarter take just a week or less to find a new home and 17% of those questioned need to visit only one property to know it's “the one”.

When asked how many times homeowners-to-be visit the one property they like, 60% admitted they need to see their future homes two to three times before moving in, although over a quarter visit their chosen property only once.

 

Over two-thirds of homebuyers know instantly or by the end of the first viewing that they want to move in, the study shows.