Posts with tag: house sales fall through

Proportion of House Sales Falling Through at Lowest Level Since 2012

Proportion of House Sales Falling Through at Lowest Level Since 2012

Proportion of House Sales Falling Through at Lowest Level Since 2012

The amount of house sales falling through is at its lowest level since 2012, according to statistics published by Quick Move Now.

The study reveals that in the third quarter (Q3), less than one in five sales, or 20%, fell through, down from 36% reported at the end of Q2.

The data shows that the six-month average fall through rate was slightly lower at the end of Q3 than it was at the end of Q2.

Business Manager at Quick Move Now, Danny Luke, comments: “As the property market becomes more competitive, buyers are coming to the market better prepared in order to make themselves more attractive to vendors when competing for property.

“Often, buyers will already have sought financial advice, have mortgage offers in place and taken time to really consider affordability.”

He explains: “They know what they can afford and they know what they’re looking for, so when they find a good property they want to snap it up as quickly as possible and not risk losing out to another buyer.

“Also, with continued market buoyancy and predicted interest rate rises, buyers are keen to secure properties quickly before they’re priced out of the market.”1
















Concern as fall-through of sales increase

Published On: July 10, 2015 at 4:03 pm


Categories: Landlord News

Tags: ,,

A new report compiled by home-buying company Quick Move Now makes concerning reading for the property market.

According to the data, over a third of house sales in the second quarter of this year failed to be completed. This represented a fall-through rate of 36.34%, significantly higher than the 22.76% recorded in quarter one.[1]


More figures from the report show that at the end of the first quarter of 2015, the six-month average fall-through rate was 24.77%. By the end of the second quarter, this six-monthly rate had increased further to 28.44%.[1]

‘As the property market becomes more buoyant and an increasing number of properties become available, both sides of a property sale feel they have options if the sale is not progressing as quickly or as well as they had hoped,’ said Danny Luke, business manager at Quick Move Now.[1]

The firm state that during the last six months, 22% of home sales that fell through occurred due to the buyer simply changing their mind. 16% of sales fell through due to the buyer being refused a mortgage, with 13% due to a slow progress or being out-bid.[1]

Concern as fall-through of sales increase

Concern as fall-through of sales increase


Additionally, 8.7% of house sales that did not reach completion did so as a result of the potential buyer trying to renegotiate. 6% fell victim of issues highlighted during a survey, with 5.8% of deals falling through due a change of circumstances.[1]

Some 4% of deals failed to reach a conclusion due to the buyer deciding on an alternative property and 3% of agreements broke down due to lease or legal complications.[1]