Which is more stressful, buying or selling a house?

Which is more stressful, buying or selling a house?

New research from Which? Mortgage Advisers has revealed that buying and selling property is one of the most stressful life experiences - more so than having a child and second only to going through a divorce. But which was considered worse?

In a survey of nearly 2,000 members of the general public, respondents were asked to rate how stressful they found each of life's major events, ranging from going through a divorce to buying a new car.

The Stress List:

Divorce: 78%
Selling a house: 70%
Buying a house: 69%
Arranging care for an elderly relative: 68%
Having a child: 53%
Changing jobs: 49%
Getting married: 40%
Finding a school for your child: 36%
Retiring from work: 22%

While going through a divorce came out on top of the list of life's stresses, with four in five people (78%) considering it stressful, buying and selling property followed closely behind, with seven in 10 people (69 and 70% respectively) finding either process nerve-wrecking.

Buying or selling a property was considered more stressful than: arranging care for an elderly relative (68%); having a child (53%); changing jobs (49%) or getting married (40%).

The research also reveals that women found both buying and selling a property more stressful than men. Three quarters (75%) of the women we surveyed told us they found selling a property stressful, whilst only two thirds (66%) of men felt the same. These figures were mirrored when it came to buying a property, with 73% of women finding the process stressful as opposed to 67% of men.


Top Tips to help reduce the strain if you're buying a property:

1. Know the process - Buying and selling may involve being part of a chain of buyers and sellers, so be realistic about timeframes and when you can expect to move.

2. Invest in good mortgage advice – While seeking assistance from mortgage advisers may cost you, it is likely to save you money in the long-run. Choosing a mortgage isn't just about finding the lowest rate, it's about finding a mortgage that's right for your personal circumstances.

3. Make life easier with a reliable mortgage lender – When choosing a lender, consider their reliability, range of products and the overall costs, rather than just the initial cost alone.

4. Consider service as well as cost of conveyancers – Invest in a quality conveyancer or property solicitor. While often online companies are cheaper, they don't always offer a full service.

5. Ease your worries by staying informed – Don't just leave parts of the process to professionals, you'll be less worried if you build good relationships with those involved in the process and know what needs to be done and when.

6. Know your limits to avoid future issues – Try not to over stretch yourself for that 'dream property'. If you end up in arrears, you may have financial trouble for many years.

David Blake at Which? Mortgage Advisers said: “We're a nation obsessed with homeownership, but when it comes to buying or selling, our research shows that it can be an incredibly stressful process. Thankfully there are a number of things you can do to reduce the strain, including speaking with a mortgage adviser early on to get your finances in order.

Investing in good mortgage advice will ensure you find the best mortgage for your personal circumstances. To help avoid unnecessary stress when you're getting a mortgage, do ask about the reliability and service levels of any lender you're considering.”

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Latest Comments

Jimmy_McCoy
Jimmy_McCoy 16 Sep 2016

I think that the main reason to buy garden purchases in last minute is because people always search for the best deal. In summer months there are abundance of seasonal goods and it means more low cost

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Jimmy_McCoy
Jimmy_McCoy 16 Sep 2016

Buying a home often is more expensive than you expect. There are lots of hidden costs such as: stamp duty, surveys and valuations, mortgages etc. that can add more than 10% to the total bill

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Homebuyerconveyancing
Homebuyerconveyancing 15 Sep 2016

We are seeing a massive influx of Homebuyers using online Estate Agents. The winners are the online portals that still aim to manage the customer journey to homeownership. They provide a valuation service,...

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oliviaG
oliviaG 12 Sep 2016

Without a doubt renovating can truly be very beneficial to many homeowners but it depends to a great extent on the condition of your home and the parts of it you want to refresh. Before you start you should...

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oliviaG
oliviaG 29 Aug 2016

So true about cats!

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Jason Roberts
Jason Roberts 25 Aug 2016

Any predictions what average rent will be at the same time next year, anymore drops coming?

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dylanvan
dylanvan 19 Aug 2016

very good, thanks for sharing

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SecomTech
SecomTech 19 Aug 2016

Firstly, I either lodge with DPS or do not take a deposit...secondly, If a tenant has not received a confirmation their deposit is secured with either a scheme or in an insured account with an agent/landlord,...

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jasonevans
jasonevans 19 Aug 2016

Belvoir has over 15 years of experience in property lettings, buying and renting and is one of the best agencies I know about. I have heard that they revived an award for the hard work. Really amazing...

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jasonevans
jasonevans 19 Aug 2016

Usually these areas are least affected when it comes to unexpected economical collapse.

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TheWaspNestRemover
TheWaspNestRemover 11 Aug 2016

You agree to pay for the treatment needed to get rid of fleas, ants, mice, wasps nests and other pests unless you can prove that these are a result of us not meeting our repairing responsibilities or these...

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madisonwelch80
madisonwelch80 02 Aug 2016

16% is quite a raise. Let's hope this tendency won't continue for long.

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