You are here: Home - Mortgages - Buy To Let - News -

Two thirds of movers had estate agent trouble

0
Written by:
10/10/2014
Nearly two thirds (60 per cent) of people who bought or sold a property in the last five years had an issue with their estate agent.

According to research by the National Association of Estate Agents (NAEA) the biggest complaints revolved around communication skills. Some 21 per cent of people had worked with an estate agent who either never called them or wouldn’t stop, while 14 per cent felt as though their agent “didn’t care about them”.

Others complained that their estate agent hadn’t disclosed know problems with properties like damp (13 per cent), made promises to them that were never followed through on (11 per cent) or exaggerated property descriptions (10 per cent). Nine per cent of people accused an estate agent of being outright dishonest.

Mark Hayward, managing director at NAEA, said: “Buying a property is the biggest purchase and financial commitment of your life, and can be an overwhelming experience. It takes a lot of hard work and research to ensure you are ticking all the right boxes, and no doubt people come across many challenges along the way. An estate agent should really be there to help this process, not hinder, and therefore the choice of which agent to go with is an important one.”

See the chart below for the ten most common complaints:

Complaint  Per cent who have experienced it 
Bad communication – calling too little or too much  21 per cent 
Buyer or seller felt as if the agen didn’t care about them  14 per cent 
Not being informed about known property faults  13 per cent 
Making promises they could not keep  11 per cent 
Being too pressurising   10 per cent 
Exaggerating a property description  10 per cent 
Overpricing a property  9 per cent 
Feeling as if the agen was dishonest  9 per cent 
Agent being mis-or poorly informed  8 per cent 
Not being able to contact the agent  8 per cent

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

  • Cost of taking a mortgage holiday revealed: The average cost of a 3 month #mortgagepaymentholiday is £665.08, and… https://t.co/gWHI7Lo8zl
  • RT @BlackstockPR: "The government needs to grasp that mounting rent arrears are a serious economic issue that will impact many buy-to-let l…
  • "The government needs to grasp that mounting rent arrears are a serious economic issue that will impact many buy-to… https://t.co/KXusvi1RvR

Read previous post:
Childcare accounts for half the cost of raising a child

At an average cost of more than £40,000 childcare accounts for more than half of the cost of raising a...

Close