Home Lead Story 71% of homebuyers encounter catfish properties during their search

71% of homebuyers encounter catfish properties during their search

by LLP Editor
14th Oct 21 12:20 pm

Research by MoveStreets, the property portal designed for the mobile generation, has revealed that the vast majority of homebuyers have turned up to a viewing to find the property in question isn’t quite as advertised online.

For most of us, an online love endeavour has at some point, failed to live up to expectations and this often becomes apparent when it comes to meeting in person. Heck, we’re all a little guilty of embellishing our profile photos with a filter or adding half an inch where it matters – our height, of course.

But a survey of recent homebuyers commissioned by MoveStreets has found that no less than 71% of recent homebuyers encountered a catfish property during their search, turning up to find the property didn’t live up to the promises made on the online portal.

The biggest gripe was that the property itself was far smaller in real life versus how it appeared in the photos used on its online listing.

Not only was inadequate size a letdown but quality also ranked as a consistent issue and homebuyers found that their catfish property simply wasn’t worth the asking price advertised online.

The third most common occurrence was homebuyers turning up to a viewing to find that the property looked outdated compared to the online photos.

Many also found that the general area wasn’t as nice as described with some also disappointed to find cupboard sized rooms being passed off as additional bedrooms.

CEO and Co-Founder of MoveStreets, Adam Kamani, commented: “House hunting can be as stressful as it is exciting and it can take a considerable amount of time and effort to find your ideal home. So it’s understandably disappointing when you turn up to a home that could be ideal but turns out to be far from what was advertised online.

It’s important to remember that an estate agent is paid to sell and any worthwhile agent will invest in making sure the property photos are top-notch and the description does a great job of selling both a property and the wider area – even if they do have to exaggerate the truth a little.

The best way to avoid disappointment is to check out the floor plan first and foremost. This will give you an accurate picture of the true layout and size of a home, but all too often we overlook this when surfing online property listings.

Utilising other resources on a local area can also help you build a better, slightly less biased opinion to the one portrayed on a property listing and, if possible, go and get a feel for a certain area yourself as there’s no substitute for personal experience.”

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