According to Which? 28% of people experience a property purchase falling through. So here are my top tips on how to keep the house purchasing process progressing smoothly so you can avoid it happening to you.
Avoid joining a chain if you can!
This applies to your choices as both a buyer and a seller. Once you become part of a chain you are subject to any issues, such as buyers pulling out, in the chain. Many of us do not choose a property with our heads but instead let our hearts make the choice for us. However, if your heart should happen to choose a property without a chain then your head will definitely thank it for it as it can save a lot of headaches!
If you are lucky enough to have multiple offers made for your property, choosing the one that has no chain can turn out to be a savvy decision for the same reason.
Set a realistic timescale
Make sure that you have a discussion shortly after your offer has been accepted about your preferred timescales. Whilst you may need to accept that buying and selling properties may take longer than you would like due to the complexity of the process, it helps if everyone is working towards the same date as it tends to focus minds.
Make sure that all of your paperwork is in order so that you do not cause any delays. It can be particularly helpful to make sure that you have all of your paperwork to hand so that if a query should arise you won’t have to delay responding while you find it. Making sure you are easy to get hold of can also mean small queries can be answered quickly avoiding any hold ups.
Make sure you choose the right estate agent
Estate agents are not all the same so beware of selecting your agent based purely on their fees. Instead select one based upon their experience and ability to help keep your house sale moving. Looking at reviews is a great way to find out how an estate agent has handled previous house sales. It is also important when you are selecting an agent to make sure that you are on the same wave-length and get along. Remember the way they treat you is also how they will treat any potential buyers.
Part of our job is to help progress your house sale and chase things up where necessary. We liaises with the buyer, seller and solicitor and ensures your house sale and purchase go through as smoothly and as stress free as possible.
Think outside the chain
If something goes wrong in your chain consider selling and renting a property to avoid losing your buyer. This also puts you in a strong position when you find another property to make an offer on as you will then be chain free.