Leave nothing to chance!

At a recent meeting of Estate Agents on the outskirts of London, one  agent remarked that the year had started disastrously with 9 fall throughs in the first 2 days of the year. He went on to explain the cause of the fall throughs were vendors who had agreed to sell but couldn't find anything to buy so pulled out of the deal.

This made me think about the market in general and also of agents business practises. At Bradleys we operate a strict policy of not instructing anyone to proceed on any sale until the proof of funds for the purchase has been seen, solicitors have been decided upon and there is a completed chain in place. This can take some time to get agreed but with a fall through rate of just 23% compared to the national average of 33% last year we are happy in the knowledge that we did everything possible to give the sale the best chance possible to complete and to give all in the chain the opportunity to avoid the dreaded costs of an aborted sale if the worst happens.

 

That made me wonder about the sales where the vendors had pulled out so freely. I wondered if the buyers had been made aware that the vendor hadn't found and the sale was dependant on them finding? I wondered what they thought about the cost of lost time and expense all for nothing? Vendors are our clients but we have a duty to all involved to ensure positions are represented honestly and nobody should knowingly be put in the position of standing a chance of losing time and money without being fully informed before proceeding. This made my thoughts turn back to allAgents and my advice to buyers is to use an agent that has a good allAgents ranking and I am sure this is one of the reasons all of our customers rank us so highly on allAgents.co.uk we are very thorough and leave nothing to chance when dealing with our customers lives and
money.

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Francis Marshall FNAEA
Managing Director
Bradleys Group