Released on = August 1, 2007, 5:21 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = People looking to sell their homes have been told that they
have their work cut out.

Press Release Body = New research shows that potential buyers are avoiding the
market over concerns about rising interest rates.

This means that it has become even more difficult to shift a property and many
people are stuck in a home they had intended to leave.

Research by Nationwide shows that buyers are now being put off by small details as
they are already concerned about entering the market.

Financial Difficulty | Quick property sale solutions
According to the building society, 55 per cent of potential buyers are turned-off by
a property if it is untidy.

A further 82 per cent are put off by a lack of environmental features, while 75 per
cent will not buy a property that is owned by a smoker or someone with pets.

Katie Harper, media relations manager at Nationwide, said that sellers are finding
it more and more difficult to shift their property.

\"Higher interest rates and the resulting reduction in new buyers visiting estate
agents continue to put further pressure on homeowners who are looking to sell,\" she
commented.

Research by the Building Societies Association revealed that mortgage lending was
down in June as buyers are put off by rising interest rates and economic
uncertainty.

The lack of buyers is of enough concern without adding the smallest of detail says
fast property purchase expert Julian King. \"Homeowners will need to do a lot more
than tidy their house if they want it to sell\" says the director of National
Homebuyers.

\"The number of buyers is plummeting and these tiny issues appear to be a neat bit of
PR issued by Nationwide to hide the underlying issue that interest rate rises mean
that there are no buyers.

\"First time buyers traditionally accounted for 45-50% of all property transactions,
I anticipate this will be more like 25% by the end of this year. This means that
there are a quarter less buyers in the marketplace. This is a very real problem that
needs to be addressed.

National Homebuyers is the UK\'s leading quick purchase property firm, buying
thousands of houses from vendors needing a quick sale. King\'s comments come at the
same time as property website Firstrung\'s CEO advises first time buyers that now is
not the time to buy.

Web Site = http://www.nationalhomebuyers.co.uk

Contact Details =
Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
0870 979 8118
Fax: 01444 257333
info@nationalhomebuyers.co.uk