House Sellers Face A 50% Chance Of An Agreed Sale Falling Through, Say Quickmovenow.com

May 22, 2008 - PRLog -- Property sellers face a one in two chance of their sale falling through, according to research from Quickmovenow.com, a leading home purchase company. The firm’s “Fall Through Index” (FTI) released today shows that fall-through rates have doubled since their records began in 2006.

Quickmovenow.com blames the current market conditions, for these failings. Hywel Luke, managing director, Quickmovenow.com says, “This gives us a real indication of how market conditions are affecting home owners looking to sell their property and, as with most market indicators, the FTI outlook for the near future is poor.

“Back in 2006 and early 2007 the market was extremely competitive.  Buyers’ would do anything to secure a property and were able to stretch mortgagees to the limit as well as get easy access to temporary bridging finance. Since August 2007 the market has hardened which has led to sales taking longer to agree and an increasing ratio of collapsed chains” explains Luke.

Several reasons are behind the rising Quickmovenow.com FTI:

Firstly, buyers have lost confidence in the market, so when negative stories hit the news it’s not uncommon for them to get ‘itchy feet’ and pull out of the transaction. Secondly, many buyers are unable to secure the mortgage they were initially offered and only have access to more expensive options. Thirdly, buyers with even slightly dubious financial backgrounds are falling foul of more stringent underwriting by lenders.

“However, there is an option available for those needing a quick sale, Quickmovenow.com provides clients with a fast, secure and efficient sale.  As cash buyers Quickmovenow.com are not affected by issues relating to chains or from problems in the mortgage market caused by the credit crisis,” concludes Luke.

About Quick Move Now
Quick Move Now (http://www.quickmovenow.com) is a house buying company that began trading in 1998 and has developed rapidly, establishing Quick Move Now as the leading house sale company in the UK. Annually Quick Move Now help over 400 people move home. Quick Move Now work closely with both individuals and companies, meeting the needs of everyone and every situation.

For further information, please contact:

Danny Luke
Quick Move Now
enquiries@quickmovenow.com
Tel: 01793 840 915

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About Quick Move Now
Quick Move Now (http://www.quickmovenow.com) is a house buying company that began trading in 1998 and has developed rapidly, establishing Quick Move Now as the leading house sale company in the UK. Annually Quick Move Now help over 400 people move home.

For further information, please contact:

Danny Luke
Quick Move Now
enquiries@quickmovenow.com
Tel: 01793 840 915

Website: www.quickmovenow.com