The chief executive of estate agents the Connells Group, Helen Charlsworth, says that the company is finding solutions to make buying and selling homes quicker.
The government is reviewing the buying and selling process, but Helen Charlesworth says that rather than wait for the government’s conclusions, the property industry can start making changes now.
She commented:
“The process across the UK remains slow and fragmented, and for the sales industry’s customers, remains pretty torturous. And it costs customers, solicitors and agents time, money and unfortunately sometimes reputations.”
The Connells Group is trialling a scheme to speed up buying and selling at 29 of its estate agent branches. They have managed a 17% reduction in the time it takes to sell a home from listing to completion and a 12% drop in sales falling through. This has been achieved through working closely with conveyancing partners and improving the accuracy and accessibility of property data.
The time between an offer to buy a home and the completion date has risen by 60% since 2007. The number of home sales that fall through costs buyers and sellers an estimated £400 million a year. The government wants to make the process of home buying quicker and easier.
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