What are the chances of a house sale falling through?
New figures show less heartache involved in the moving process
Tuesday 16 October 2012
Just over 23 per cent of house sales fell through in the period between July and September, a drop of more than six per cent over the previous three months.
Indeed, this is the first time in nearly two years that the percentage of house sales falling through before completion has dropped significantly.
Donna Houguez, market analyst at Quickmovenow.com which released the new figures, said: "We are seeing a change in the structure of the buyers attempting to purchase property. No longer are people putting in an offer on a house and crossing their fingers in the hope that a mortgage will be approved. Instead, they are doing their homework beforehand, being more realistic about the amount that banks will lend and securing approvals in concept.
"Secondly, the return on investment available to cash buyers and buy-to-let landlords has increased the proportion of professional buyers, who are more motivated and therefore more likely to complete.”
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A four-bedroom home with exposed brick walls and open fires in the picturesque village of Northill
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A six-bedroom period house with heated swimming pool and a separate two-bedroom annexe cottage in Townlake, £795,000
A spacious and contemporary two-bedroom flat arranged over three floors, with garden patio close to St George Square, £600,000
A one-bedroom flat in a beautiful Regency building opposite the beach in Kemp Town, £190,000
A two-bedroom flat with London skyline views close to Surrey Quays. £395,000.
A seven-storey tower with three bedrooms and a stunning roof terrace. Guide price: £850,000.
A 16-bedroom country pile with nine reception rooms, four self-contained flats and a 13th century Peel Tower. £850,000.
A classic six-bedroom Victorian Manse house 10 miles from Edinburgh. £495,000.
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A three-bedroom new build, ground-floor flat with two bathrooms, close to Bermondsey tube, £445,000.
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