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Majority of buyers find homes the old fashioned way

by: Mortgage Solutions
  • 02/09/2016
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Half of us still find property the traditional way, according to new research from Which? Mortgage Advisers, despite the emergence of hundreds of property finder apps and websites.

Over half (55%) of homebuyers said they found their home through an ‘old-fashioned’ method, like an estate agent, their local paper or an auction.

One in five first-time buyers found their property through an estate agent, and 10% after seeing a for sale sign outside, with 9% finding their properties through word of mouth.

A small but significant number, or 6% found their property in their local paper, 3% found their property by approaching the owner directly, or by leafleting the area, and just 1% bought their property at a property auction.

Just under half, at 45%, found their property online – somewhere like Rightmove – or through an electronic alert, such as a notification from an app.

David Blake, of Which? Mortgage Advisers said: “Despite the rise in online property portals, it seems many of us are still traditionalists when it comes to finding a property.”

“While apps and websites are a good place to start your property search, we found the most successful searches also include speaking to a local expert to get a real feel for the house and the area.”

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