A fifth of prospective home buyers put an offer in after just 20 minutes
Housing market experts are predicting a rise in buyer demand over the next few months. But it comes alongside fears the number of homes on the market may not match it, causing potential buyers to act more quickly to secure their purchase.
Transcript
00:00How long do you spend thinking through your financial decisions before you make them?
00:07Well, if it's popping for a coffee or adding a sweet treat to your weekly shop, probably
00:12not a lot. But what about those bigger purchases? Research from the property site Zoopla has
00:16found a fifth of prospective home buyers spent less than 20 minutes looking around a place
00:21before putting in their offer. If you find that surprising, some said they put their
00:25bid in after less than five minutes. The average, though, is 49 minutes. It comes as
00:30housing market experts are predicting a rise in buyer demand over the next few months.
00:35But it comes alongside fears the number of homes on the market may not match it, causing
00:39potential buyers to act more quickly to secure their purchase. The chief economist from the
00:43Royal Institution of Chartered Surveyors, Simon Rubinson, said significant challenges
00:48lie ahead. After their monthly report, predicted surveyor activity will speed up in the coming
00:53But what about you? What's the shortest amount of time you'd spend viewing a property before
00:57putting an offer in? And would you put an offer in sooner if you thought there were
01:01others in the running?