It is inevitable that at least 30% of property sales fall through, and usually the circumstances are unforeseen too. When an offer is made on a property, the buyer and seller is not committed until exchange of contracts, which is legally binding.
Moreover, a high proportion of property buyers are in a chain, and therefore this increases the probability of property sales falling through. If this happens to you, what should you do?
Jason Harris-Cohen of Open Property Group said: Think about:
Firstly is your price correct for the current market conditions. In volatile times, property prices might have adjusted since the property was first listed. Therefore, consult with at least two agents and ask if the market/economy has changed since you first listed your property for sale.
You might need to amend your asking price (hopefully upwards) but possibly down, in order to generate new interest in the property.
You might need to reconsider the marketing strategy in order to stimulate new demand for the property. Ask the agent for a full summary of their marketing plans, and where do they advertise your property to find potential buyers?
Can you offer any incentives to generate additional interest such as:
According to RightMove:
1 Rightmove data, April 2016.
2 Comscore, March 2016.
Please consider how your property is presented? It could yield results if you enhance the presentation. This could be done by improvements such as:
Open Property Group offer a house chain repair service to assist homeowners who need a fast sale when a property chain collapses.
Contact Open Property Group today for your free, no obligation property offer.
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The service I received from Open Property Group was very helpful and considerate of my personal circumstances. A thank you to Jason for arranging a cash advance prior to exchanging contracts, and a lump sum when we exchanged. This was a really big help. Your company is simply the best.
Miss M, Southampton
Efficient, friendly and fair. From sold to exchanged in less than 6 weeks using OPG. We couldn’t fault the service. A professional service that any seller should use. If we had more property we’d definitely use them again!
Mr and Mrs M
The open property group recently purchased a property through my agency and found them to be excellent buyers that were able to exchange contracts within one week at the agreed price. I would highly recommend this company.
Excellent customer service, amazing communication, honest and genuine company who made the process extremely easy and gave any excellent price.
We buy property directly and you won't pay any agent's fees.