How to Avoid Your Property Sale Falling Through

February, 2019

Unfortunately, not all property sales are made equal and that often means some transactions end up falling through at the final hurdle. In fact, new research suggests, half of all property sales fell through in the last 3 months of 2018.

This could be due to any number of reasons including the uncertainty of Brexit, buyers getting cold feet and gazumping (when sellers accept a higher offer even after they’ve agreed a sale with a different buyer). However, despite these issues it is possible for sellers to try and avoid failed property transactions. Keep reading to find out how…

1. Be selective

If you’re lucky enough to have several offers on your property, it’s important to be selective when choosing the right one. This means taking into consideration a number of factors to ensure you’re in the best position for a successful sales completion.

This doesn’t necessarily mean accepting the highest offer either. It’s might be tempting, but it’s important to consider the buyer’s situation. Are they chain-free? Or do they have a mortgage agreement in principle? If so, it can make them a safer bet further down the line.

2. Communication is key

It’s crucial that you always keep lines of communication open. This ensure that everyone is on the same page when it comes to the sale process. Plus, if the worse was to happen, you won’t be blindsided by your sale falling through.

Whether it’s responding promptly to other people in your chain or working with an estate agent, you should build a strong rapport with the people around you. Clear communication builds strong relationships and helps keep your chain together.

3. Stay organised

When selling your home, it’s hard to keep all the property plates spinning at once. Keeping on top of the paperwork and administration tasks, including signing documents and sorting finances, will help you stay organised.

This is important as it ensure your sale moves quickly and efficiently, leaving little room for errors.

4. Ask the experts for help

Going it alone when selling your property is a daunting task. It’s only natural to drop the ball in certain areas. That’s why asking a reputable estate agent for advice can help prevent any unforeseen issues with your sale.

Estate agents have a dedicated sales team who have invaluable local property knowledge. They can help with everything from property valuations, to house viewings, to helping secure the final transactions.

A great estate agent will play an active role in selling your property and will be just as dedicated to achieving a successful completion.

Talk to Weale & Hitchen

If you want to sell your home, the local property experts at Weale & Hitchen are here to help. We can guide you through the entire process providing constant feedback about the progress of your property sale. With local knowledge we understand the buying market and can help ensure a smooth completion. Get in touch to today for free, no-obligation valuation.

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