Growing number of house sales collapsing

The number of house sales falling through before completion is on the rise, according to figures from Quick Move Now.

According to the figures, which were released today, 29 percent of property sales break down before completion.

Patrick Chambers, Quick Move Properties’ sales director, commented: “Having a property sale fall through is devastating and hugely costly, both in terms of time and money.

“It’s not hugely surprising that the figures show an increase in the number of sales that are failing to reach completion, as the last few months have brought significant disruption to the property market. Investors are having to contend with increased stamp duty and other tougher measures, and residential sellers and buyers are having to deal with the uncertainty and fallout surrounding Brexit.

“If you’re keen to sell your property and are worried about the growing fall through rate, property part exchange is a great option. Not only will part exchange offer you a stress-free, guaranteed purchase of your existing property, it also ties up your onward move with a secure purchase.”

Mrs Cant recently used Quick Move Properties’ services after the sale of her property fell through three times and she feared losing the purchase of her new retirement apartment.

Mrs Cant explains: “Emotionally it nearly broke me, and financially the three sales that fell through cost me a lot of ‘lost’ money. I first made an offer on the apartment last April, but because I was struggling to sell my property the apartment had gone back on the market and was receiving interest from other buyers.

“The service I received from Quick Move Properties was second to none. I have never experienced anything like this before and the members of staff were kind, empathetic, but above all very professional, ensuring a positive outcome. I would, and have recommended Quick Move Properties – they even offered me a two-week licence to occupy, allowing me to stay in my old property while had my new apartment decorated ready for me to move in. I cannot speak highly enough of a company that saves heartbreak and financial loss, but above all, enables you to secure your forever home.”

For more information about how Quick Move Properties could help you avoid the dangers of property sale fall through and secure your new home, contact their friendly, professional team on: 01793 840917 or visit: