Home buying process can be overwhelming for first time buyers

First-time buyers have admitted to feeling overwhelmed or scared to talk to estate agents about the homebuying process.
According to a study of 2,000 homeowners by Skipton Building Society, 54% were confused about the process, 60% admitted feeling overwhelmed when talking to estate agents, solicitors and mortgage advisors and 68% were worried about looking stupid.
Of the top 40 questions asked, “what surveys do I need?” and “what is conveyancing” were among the most popular, followed by others such as “should I offer less than the advertised house price?”, “how much deposit will I need?” and “how long does my mortgage offer last for?”.
As many as a third of respondents admitted they were unsure by the sequence of events and four in 10 would have welcomed a helping hand.
Almost eight in 10 of those polled wished the home buying process was simpler. Just under half said they were put off moving again due to how complicated and confusing they found things first time around.
Sheldon Bosley Knight’s sales manager Andrew James said: “Buying a home can be a daunting process and if you don’t fully understand what’s going on, it can make it feel overwhelming.
“However our job as agents is to make sure we explain everything, clearly and in simple terms and most importantly put the buyer at ease.
“We are always available to talk to buyers and sellers about any aspect of the process so if anyone who needs more information or help please come and speak to us.”