Greycoat Real Estate sees a rise in buyer or sellers stepping away from deals

For companies like Greycoat Real Estate, there is a lot of time spent in the process of selling a home. It starts with the initial meeting with the house seller, to tours of the location, and to make sure all the legal documentation goes through. 

That is why seeing one third of home sales this year falling through for various reasons can be frustrating and will hit an agent’s wallet. The reasons vary, Greycoat specialists confirm, but many times is that the two sides have a falling out over prices.

This, whether it is the negotiation part or one of the sides makes a property demand that the other is unable to accept. Every real estate agent is willing to go the extra mile, which is a trait that Greycoat is built on because happy customers mean everyone comes away with what they want. 

With the rise in failed sales, this means people in and around London are going to be frustrated, which shows up in other areas of their lives (CoStar). 

There is nothing to be done when outside forces, such as banks, make the decision, but there may need to be more communication about needs and expectations from the clients to end this trend. Greycoat finally states how also creates an instability in the market that can make prices far too volatile for people to sell or buy.