Following recent guidance from the National Trading Standards Estate and Letting Agency Team (NTSELAT), the owner of a Redbrik Estate Agent is stressing the importance of providing material information upfront.
Mark Ross says presenting full material information early in the process will avoid unexpected issues during the conveyancing process and reduce sale fall-throughs.
Redbrik has long prepared properties for sale before going to market by providing buyers with a information pack, including searches, at the start of the process, which Ross says has helped to minimise the risk of fall-throughs, whilst providing more certainty to all parties, and he is urging other agencies to adopt the same approach.
He said: “It’s becoming increasingly important for estate agents to present a property’s material information upfront, so buyers can make an informed decision on whether a home is right for them or not and reduce the number of issues that arise throughout the process.”
“Buyers and sellers have confidence in our service, and we want to share this with other agents to make a positive change in our industry,” he added. “We believe estate agents should put their clients first, and we urge others to adopt this material information-first approach to help transform the home buying and selling process in our country for the better.”
Trading Standards tells agents to ’embrace’ material information guidance
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