The collapse of a property sale can have a far greater effect than just disappointment or irritation – it can cost sellers thousands. OnTheMarket.com offers the following tips to keep your transaction steady.
The numbers
According to YouGov, a staggering 300,000 transactions collapse each year. The average cost of each case is £2,727, and 12 per cent of victims end up losing more than £5,000, research by the HomeOwners Alliance has shown.
OnTheMarket plc (LON:OTMP) provides property search services for buyers, sellers, landlords, and tenants in the United Kingdom.