A survey claims that the vast majority of agents back the government’s proposed homebuying reforms, with most believing they will create a faster, more stable and more efficient property market.

The proposed reforms are designed to modernise the home buying process by introducing greater upfront information, earlier legal certainty and measures aimed at reducing delays and fall-throughs that have long frustrated buyers, sellers and property professionals alike.

GetAgent surveyed estate agents across England to understand how they believe the proposed changes could impact the market.

The findings suggest that agents believe greater transparency at the very start of the home buying journey will deliver immediate benefits. 

More than three quarters (76%) believe providing buyers with more upfront information will help reduce fall-throughs and the time wasted progressing cold or unqualified enquiries, creating a stronger foundation before a sale even begins.

The research also found that 93% of agents believe introducing binding agreements at an earlier stage would improve overall market stability. 

Overall, 95% believe the proposed reforms could help reduce transaction timelines, creating a faster and more efficient homebuying process for buyers and sellers alike.

Some 83% also believe greater certainty throughout the transaction process would improve overall market health by increasing buyer demand, while 92% think the reforms would help improve both the performance and reputation of the property industry.

Agents also believe the changes would deliver tangible day-to-day benefits.

When asked how the reforms could improve the industry, the most common response was a better client experience for buyers and sellers (21%), followed closely by a reduced chance of sales collapsing (20%) and quicker sales for clients (16%).

Others highlighted less blame being placed on agents for delays outside their control, greater certainty around pipelines and commission, more efficient use of their time and better qualified buyers entering the sales process.