Even though 60% of home condition surveys uncover previously unknown issues the vast majority do not result in a ‘down valuation’ of the property nor cause the deal to fall through claims Matthew Cumber (pictured), MD of Countrywide Surveying Services (CSS).

The company’s research should help allay agents’ concerns that detailed surveys will delay transactions or trigger renegotiations. Only 9% of buyers received a valuation below the agreed purchase price, and just 2% decided not to proceed with their purchase after the survey.

Confidence

Rather than hindering sales, CSS says home condition surveys provide buyers with greater confidence in their investment, ultimately supporting a stable and informed property market, with 92% of respondents reporting that their survey gave them peace of mind.

The research also revealed a significant knowledge gap among first-time buyers (FTBs), with 73% lacking confidence in navigating their property purchases. CSS claims that home condition surveys can bridge this gap and provide FTBs with the necessary information to make more informed homebuying decisions.

The data shows that home condition surveys are a tool for reassurance, not disruption.”

Cumber commented: “Beyond identifying hidden property issues, home condition surveys provide buyers with confidence while supporting a more transparent and stable property market. Dispelling concerns about transaction delays, the data shows that home condition surveys are a tool for reassurance, not disruption.

“Helping clients understand the distinction between a lender’s valuation and a home condition survey is key to preventing costly mistakes, building trust, and delivering positive customer outcomes”.