Surge in surveys as buyers become more cautious

Surge in surveys as buyers become more cautious

Buyer caution is on the rise 
Recent trends show that buyers are approaching the property market with increased caution. Rising prices, interest rate fluctuations, and economic uncertainty have made many prospective homeowners more meticulous about understanding exactly what they’re buying. 

A property survey is no longer an optional extra - it’s becoming an essential step in making informed decisions. 

Why surveys are in demand 

  • Uncover hidden issues: From damp and structural problems to roof damage, surveys reveal issues that could lead to costly repairs. 
  • Negotiation power: Knowing the condition of a property allows buyers to negotiate a fair price or request repairs before completing the sale. 
  • Peace of mind: Especially for first-time buyers or those moving into older homes, surveys provide reassurance that they’re making a sound investment. 

Types of surveys to consider 

  • Condition report: A basic survey highlighting any urgent issues or defects. 
  • Homebuyer report: More detailed, covering the property’s condition and including recommendations for repairs. 
  • Building survey: Comprehensive analysis suitable for older or unusual properties, giving a full picture of structural integrity and potential issues. 

Tips for buyers 

  • Don’t skip the survey, even if the property seems perfect. 
  • Use a qualified RICS surveyor for an unbiased assessment. 
  • Factor in survey costs when budgeting for your home purchase. 

What this means for sellers 
If you’re selling, expect buyers to be more thorough. Ensuring your property is well-maintained, addressing minor repairs in advance, and providing access to inspection reports can speed up the sale and maintain buyer confidence. 

Thinking of buying or selling?  

Contact us today for expert guidance on surveys, property checks, and ensuring a smooth, confident transaction



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