Around 1 in 3 property sales fall through, resulting in collapsed chains and distraught movers. But even the most fraught situations can be rescued, especially if you can find a quick, reliable cash buyer.
The date of completion can be a cause of concern for some sellers - especially if there are lots of people in a chain to accommodate. We help a number of movers who need greater control of when they complete.
While reports that purchasers have resorted to gazumping – outbidding a buyer just before exchange – have been of concern, there is also a surprising amount of activity at the other end of the spectrum.
If you’ve made the decision to sell a property you own, two things are pretty much guaranteed – you’ll want to sell property fast and for as much as possible. Sadly, these two outcomes don’t always sit happily together.
The number of property transactions that fall through before they successfully complete is reportedly rising. The reasons why are varied too and include the buyer failing to secure a mortgage; an unsuccessful negotiation period after a survey report; purchasers changing their minds; new yet unforeseen circumstances and the chain collapsing due lengthy delays.