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Don’t Let Poor Communication Disrupt Your House Sale

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Mon 04 Dec 2023

Don’t Let Poor Communication Disrupt Your House Sale

Selling a home can be a daunting task, and recent research has shed light on the challenges that homeowners face when trying to make the transition. Poor communication is a significant problem for homeowners looking to sell but help is available. Coakley & Theaker is uniquely positioned to help you avoid these obstacles.


Communication Woes in the Housing Sector

One of the most significant concerns in the housing sector is poor communication among stakeholders. According to a recent report by data company Landmark Information Group, estate agents, conveyancers, lenders, and surveyors often find themselves spending a substantial portion of their working days chasing or being chased for various issues.


While all groups reported spending more than 20% of their time on this, a staggering 44% of estate agents said that this was a major frustration for them.


At Coakley & Theaker, we recognise the importance of effective communication in the home selling process. Our commitment to clear and transparent communication sets us apart. We understand that delays can be frustrating, which is why we go the extra mile to keep you informed at every step of the way.


When you work with us, you can rest assured that you won't be left in the dark, wondering about the status of your home sale.


Longer Transaction Times

Another pressing issue in the housing market is the prolonged transaction times. The Landmark report reveals that the average time from instruction to completion has risen to 19 weeks, a staggering 77% longer than it was in 2007. This extended timeline can be a source of immense frustration for homeowners looking to move swiftly.


Coakley & Theaker understands the value of time, and we are dedicated to expediting the selling process for our clients. We have a proven track record of streamlining transactions, as you’ll see in our reviews, ensuring that you can achieve your goals without unnecessary delays. When you choose us as your estate agent, you can expect a more efficient and seamless selling experience.


Chain Issues: A Major Cause of Delays

The Landmark research also found that more than half of agents identified chain issues as the biggest cause of delays. These interconnected transactions can create complications that slow down the entire process, leaving homeowners in a state of uncertainty.


At Coakley & Theaker, we have extensive experience in managing and mitigating chain issues. Our expertise allows us to navigate complex scenarios, ensuring that your home sale progresses smoothly. We work tirelessly to keep the links in the chain strong and unbroken, providing you with the peace of mind you deserve.


Navigating Regulatory and Administrative Burdens

For property professionals, an ever-increasing regulatory and administrative burden has become a significant source of frustration. The Landmark research found that 60% of estate agents struggle with compliance, particularly complex anti-money laundering (AML) rules and regulations.


Staying up to date with the latest AML, fraud, and cyber-security updates can be a daunting task for many.


Coakley & Theaker takes these challenges seriously. We are committed to maintaining a rigorous risk management process across our business. Our team is well-versed in the latest regulations and is dedicated to ensuring that your transaction is in full compliance with all legal requirements. You can trust us to handle the intricacies of AML and other regulatory matters with the utmost professionalism.


The housing market presents its fair share of challenges for homeowners looking to sell their properties. However, with the right estate agent by your side, these obstacles can be overcome. Coakley & Theaker is here to provide you with expert guidance, clear communication, and a streamlined selling process. When you choose us, you're choosing a partner who understands your needs and is dedicated to making your home-selling journey as smooth as possible.


Contact Coakley & Theaker for all your Bury St Edmunds property market needs

At Coakley & Theaker, we aim to support the local community as much as we can, and we know this is an extremely trying time. A lot of people are looking for support and guidance, and if you have any property or housing related questions, we are more than happy to assist you, so contact us today by calling us on 01284 769691.