What does 'Fall Through' mean when buying a property?
Find out what Fall Through means when you are buying a property. 'What does Fall Through mean?' plus over 150 other property related terms and jargon in plain English
If a price for the sale of a property has been agreed between a buyer and a vendor but this deal collapses (and cannot be bought back to life) it is known as a "fall through".
Fall throughs happen in around 30% of properties sold through agencies and 50% of properties sold privately.
The figure is high because during the period between Sale Agreed and Exchange of Contracts (when the transaction becomes legally binging on both buyer and seller) can take weeks and during this time both buyer and seller can walk away if they choose.
To find out why sales fall through and how to make sure yours doesn't pick up a copy of my ebook How to Really Buy a Property.