Graham Farthing, Partner at Austin Gray, explores the most common reasons why a seller may pull out of an agreement and highlights the buyer’s choices if this happens
The latest set of housing policies are primarily focused on getting more Britons on the property ladder, but as we see the property market starting to pick up again, many buyers can feel anxious about being in a seller’s market.
Before a deal is sealed there are many reasons why a seller may choose not to complete on a sale. Some of these reasons can be traced back to the health of the specific local property market and potential changes that could affect price and demand.
In this expert blog, Mr Farthing explores the most common reasons for a seller to pull out of an agreement to sell their home, and the practical steps that buyers can choose to take.