A property sale falling through can be a stressful experience, but it’s not the end of the road. At Alexander Philips, we understand the frustration and are here to help you navigate the next steps. Here’s what you can do if your property sale falls through:
Your property sale in Sussex
The first step is to understand why the sale fell through. The buyer may have failed to secure a mortgage, perhaps issues were discovered during the property survey or problems with other property sales has caused a breakdown in the chain.
Sell your house- review your listing
Take this opportunity to reassess your property listing and consider reviewing your asking price to ensure its competitive based on the current market. Take the time to make minor repairs or cosmetic improvements to enhance your properties appeal to attract new buyers and update any marketing material accordingly.
Trust the property experts
Remember your estate agent is your ally in this situation. Discuss feedback from previous viewings to learn what potential buyers liked or disliked about your property. Adjust your selling strategy and consider holding open houses or offering incentives to achieve a quick sale.
Make your property stand out
If your property was previously listed, it might have gone stale. Relisting with a fresh approach can make a difference, consider professional staging to make your home more appealing, or virtual tours to attract out of town buyers.
Achieve a quick sale- be open to negotiation
Flexibility can be key to securing a quick sale and to prevent the chain from collapsing. Be open to negotiating to lowering the asking price if necessary or accommodating flexible closing dates to suit the buyers timeline.
Get your house in order
If the sale falling through was due to issues with your property, address them promptly by conducting any issues highlighted in the survey, and ensuring all legal and property documents are in order.
Other approaches to sell your home
If traditional selling routes are not working explore alternative options such as looking for investors willing to buy property quickly or consider auctioning your property for a faster sale.
Sussex property expert
While failed property sales are disappointing, it’s an opportunity to reassess and come back stronger. At Alexander Philips, we’re committed to supporting you through every step of your property journey. Whether you need advice on relisting or want to explore new marketing strategies, our team of property experts are here to help. Ready to get your property back on the Sussex market? Contact us today for personalised advice and support.
