Home-buying to be ‘faster and less stressful’ following review – BBC News

Buying a home can be a very satisfying but stressful activity. There is so much to do and things you have to know in order to do them correctly. Many mistakes can result as well, some of which can be very costly. This review shows a decrease in the stress, though, and that is a relief to many. Buying a home feels good because you’re investing in your future so it shouldn’t give you heart palpitations at the same time.

Key Takeaways:

  • Debate is underway over a certain tactic used by UK home buyers. The market is undergoing changes and certain tactics may no longer be used.
  • Home buying practices will be in flux for some time with these changes. But observers expect the changes to be faster and less stressful after a review.
  • Streamline home buying and get back in to the housing market overall. House buying practices may never be the same once changes are in effect.

“Gazumping – when a seller accepts a higher offer from a new buyer, having previously accepted a lower offer – is among the most contentious of house-buying practices.”

Read more: https://www.bbc.com/news/uk-41708597

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