How to minimise stress when buying or selling a home

How to minimise stress when buying or selling a home

The home moving process – buying or selling a property to be precise – is often included in lists of life's most stressful events. Here's how to get out of it unscathed...

You'll regularly find moving home around and about other stress-inducing situations like having a baby, getting married or – on the flipside – getting a divorce.

In fact, a new report from Which? Mortgage Advisers puts buying and selling homes very high up the list indeed.

In a survey of 2,000 people, only going through a divorce was ranked more stressful than moving home – with selling a property being voted as slightly more stressful than buying one.

Other stressful events which came out below moving included caring for an elderly relative, having a child and changing jobs.

The study also found out that women find the moving process more stressful than men. Some 75% of women surveyed said they found selling a home stressful, compared to 66% of men.

This viewpoint was mirrored when it comes to buying, with 73% of female participants finding the process stressful compared to 67% of men.

So, it's safe to say that at the worst of times moving home can be a stressful process but that doesn't mean it's all doom and gloom.

There are of course a number of steps you can take to put yourself in the best position for a hassle-free property sale or purchase.

The report encourages buyers and sellers to brush up on the home moving process, particularly chains. Knowing why something is delayed or how long it is expected to take will help you to avoid getting unnecessarily stressed.

Which? also points out that investing in a quality conveyancer or property solicitor is always a wise move as some online providers may offer a cheaper price but necessarily the full required service.

The consumer watchdog also advises buyers not to overstretch themselves and purchase a home that they can't really afford as this could leave them in financial difficulty for years to come.

Due to its importance and financial value, a property transaction is always likely to cause the odd stressful moment.

However, taking note of some of the advice above as well as our top tips below should help towards giving you the tools to get to work on a low maintenance and low stress move.

What's more, it will all be worth it when you move into a home you have just bought or when that sold sign finally goes up outside your current property!

 

Tepilo's top tips to reduce home moving stress levels:

- Trust your estate agent and communicate with them regularly

- Prepare every aspect of moving in advance – don't leave anything to chance

- Listen to advice from friends and relatives who have recently bought or sold a home

- Budget accordingly but don't be afraid to pay up for top customer service

- Whenever you're stressed, think of the end goal – this can help to put things into perspective