A fifth of prospective home buyers put an offer in after just 20 minutes

National World - LocalTV

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.

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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?

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