"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"
- Matthew Cumber - Countrywide Surveying Services
Consumer research conducted by Countrywide Surveying Services and Pegasus Insight has shown that 88% of consumers who used a home condition survey said they would do so again. Additionally, 92% of respondents reported that their survey gave them peace of mind, further highlighting the importance and value attached to independent property assessments.
The research also found that 60% of home condition surveys uncovered previously unknown property issues, a key factor in helping buyers to avoid unexpected costs and post-purchase complications.
According to the findings, 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. Rather than hindering sales, home condition surveys provide buyers with greater confidence in their investment, ultimately supporting a stable and informed property market.
Furthermore, the research highlights a significant knowledge gap among first-time buyers, with 73% lacking confidence in navigating their property purchases. This demonstrates the importance of home condition surveys in bridging this gap and providing FTBs with the necessary information to make more informed homebuying decisions.
“This research reinforces the immense value of home condition surveys in the homebuying journey. With 88% of buyers saying they would use a survey again and 92% finding peace of mind in the process, it’s evident that these assessments are essential for making more assured and substantiated decisions," said Matthew Cumber (pictured), Managing Director at Countrywide Surveying Services, “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.
He added, “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. By proactively recommending and explaining the importance of home condition surveys, brokers can strengthen their advisory role and offer a more transparent, client-centric service.
"This approach benefits all stakeholders in the home buying process, ensuring buyers receive the support, upfront information, and expert guidance needed to navigate an increasingly complex and fast-moving property market.”
