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House sale fall-throughs - Bucking the trend Image

31st March 2018
House sale fall-throughs - Bucking the trend

Having your house sale fall through is devastating and it’s the one thing we all try to avoid. Quick Move Now, however, which has monitored fall-throughs for many years, says the fall-through rate from January 1 to the end of March hit a whopping 38.8% - the highest level for this time of year for ten years.

Of the property sales that were unsuccessful pre-completion, they say:

  • 46% were because the buyer changed their mind or the seller felt the sale was not progressing quickly enough
  • 23% fell through because either the buyer or seller wanted to renegotiate after the initial deal had been agreed
  • More than one in 10 of the sales that fell through did so because the survey highlighted issues that put the buyer off
  • Strict lending criteria also played a role, with 11.5% of sales falling through because the buyer was unable to secure sufficient funding from their mortgage provider
  • The remaining 8% failed due to the property chain collapsing

At just 20%, Peter Ball & Co's fall-through rate is nearly HALF the figure being quoted nationally.

And that’s great news for vendors, buyers, tenants and landlords in Gloucestershire!

So how do we achieve such a low level of house fall-throughs compared to everyone else? We asked our founder, Peter Ball, to explain:

‘From the outset, you’ll be dealing with a dedicated team of valuers and negotiators who pride themselves on delivering a truly personal and professional level of service. They understand exactly what’s important to you – from agreeing timescales to negotiating every last fixture and fitting.

What really sets us apart from every other agent though is the fact that we have our own team of dedicated sales co-ordinators. Their sole role is to progress the sale of your home, from the moment an offer is accepted to the day of completion.

As well as monitoring the whole chain to make sure there are no unnecessary hold-ups, they work tirelessly to make the whole process as smooth and trouble-free as possible. They are the ones who chase solicitors, lenders, surveyors and conveyancers to make sure every single person involved in your sale understands what’s going on and is clear about what happens next.

Theirs isn’t a two-minute job! They will spend many hours - and days - working behind the scenes on your behalf until the day they’re able to ring you and say, ‘Congratulations, we’ve just completed!’

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