David Craig, on May 10th, 2017The expensive mess
There are about 1,100,000 homes sold in England and Wales each year. Of these around 28% of sales (308,000) fall through. The main reasons for sales falling through seem to be things like adverse surveys, gazumping/gazundering, incompetent/lazy solicitors and chains breaking down.
The average cost of a collapsed sale is around £2,200 […]
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