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Selling property is one of life’s most stressful tasks, survey reveals

11 JAN 2018 By Sasha Karen 3 min read Hotspots

The results of a new survey confirm what many investors potentially see as hyperbole – selling a property is one of the most stressful experiences in life, with real estate agents playing an important role.

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Results from the LocalAgentFinder Seller Sentiment Survey conducted by independent research agency Nature, which looked at 1,058 property owners who sold or are looking to sell a property in 12 months’ time about what they felt about the process, showed that 57 per cent believed that selling a property felt like one of the most stressful experiences to deal with.

Compounding this, 51 per cent of this group also said most of the stress was related to finding a real estate agent that was right for them.

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Agents were seen as an important part of selling, as 70 per cent said they assist in making informed decisions, 66 per cent said they help reduce stress, and 63 per cent said that agents were beneficial to sellers.

“The survey results clearly suggest that selling a home is incredibly stressful for most people and selecting the right real estate agent may be the key to alleviating this stress for the majority of people,” said LocalAgentFinder CEO Matt McCann.

“This may be because of the human and sales management elements that agents bring to the selling process and also their unique skill in being able to negotiate between buyer and seller in an emotionally charged and taxing process.”

The majority of respondents rely on agents they have used before at 30 per cent, while 27 per cent ask their family and friends for agent referrals, 23 per cent search online and 12 per cent use comparison platforms.

RELATED TERMS

Estate

An estate refers to the assets a person owns at death that could be used to pay their debts, including all personal property, real property and other liquid assets.

Property

Property refers to either a tangible or intangible item that an individual or business has legal rights or ownership of, such as houses, cars, stocks or bond certificates.

Survey

A survey is a document that determines the position of boundaries or property lines which shows the land, structures and features that are legally owned.

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