The number of successful property sales has risen to its highest level since late 2012, according to data released today by home buyer Quick Move Now.
Less than one in five house sales fell through between July and September, which is the lowest rate of failed sales in almost three years.
Danny Luke, business manager at Quick Move Now, commented:
“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; 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.
“In recent months a lot of customers have come to Quick Move Now because they’ve found their dream property and they fear that waiting to sell their property on the open market will mean they miss out on the property to someone who is in a more proceedable position. By offering them a quick and guaranteed cash purchase we free them up to move forward with their onward purchase. We are also able to date the purchase to tie in with an onward purchase, so our customers don’t have to worry that dates will not tie up if there’s a hold up on the sellers end.”
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