Aborted Sales Rate At 28%
Quick Move FTI* at 28%.
We continue to experience a subdued market place with similar levels of uncertainty amongst buyers and sellers alike.
Confidence in the market remains low as more and more people find themselves stuck in chains with a high chance of the chain collapsing. The more people involved in the chain, the higher the risk of collapse.
Even with a dedicated team managing the sale progression of our properties, abortions for our company are unavoidable. The fall through rate would be higher and even more difficult to manage for independent home sellers, especially in a falling market with a high level of asking price reductions and long periods of time being spent on the market.
The high level of sales falling through can be attributed to many different factors from general economic worries to difficulty obtaining mortgages to survey problems and concerned buyers.
Market conditions are not expected to improve throughout the latter part of 2011. It is increasingly more difficult for buyers applying for mortgages, the economy does not appear to be recovering and even when buyers are found, there is no guarantee that the sale won’t fall through. Many people feel that the sale of their property is out of their hands as it is dependent on so many other factors and relies on other buyers. With Quick Move Now, a sale is guaranteed and, as we are cash buyers, a mortgage is not required in order to buy which means that homeowners can sell efficiently, assuredly and without the doubt associated with a traditional house sale.
*This figure is based on house sales that are professionally qualified and managed and the true rate of fall through for normal house buyers and sellers is likely to be much higher.
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Fall Through Index
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