Estate agents have limited control over the biggest causes of delays in property transactions, according to new research from Rightmove.
The property portal found that conveyancing was the most commonly cited cause of hold-ups. More than a third of home movers (37%) identified it as the biggest source of delays.
Survey or valuation issues were cited by 15% of respondents, while 11% pointed to delays with searches.
A further 11% experienced delays after another party pulled out and had to be replaced. Chain-related problems accounted for 9%.
By comparison, just 5% of respondents blamed poor buyer qualification.
Rightmove has published the findings as it calls for more estate and letting agents to contribute to its home mover education programme.
The initiative uses input from independent agents to provide guidance to prospective buyers and sellers. Rightmove said it also aims to improve consumer understanding of the role agents play during transactions.
The research comes as the property industry considers how to speed up transactions and reduce fall-throughs.
The government’s Home Buying and Selling Reform Roadmap has put greater focus on improving the process. Rightmove has also been holding webinars and events with agents and other industry figures as part of the debate.


Comments (1)
Well we all knew this,
so is it the conveyancers who work from home, the part timers or the corporations that take so many clients. This needs to be a transparent online process and each conveyance timed and overall published.