The HomeOwner Survey 2018 - Issue, trends and how we feel about our homes

15 Selling Pain-Points More than 300,000 property transaction s 4 are falling through every year, in large part, due to buyers pulling out of the deal, costing sellers a total of £400 millio n 5 . One in five (20%) home sellers experienced a sale collapse; equating to more than 300,000 property transaction s 4 . Half of sellers (51%) with a collapsed sale incurred costs averaging £2,727 equating to a total cost to sellers of £400 millio n 5 .  Of sellers who have had a breakdown in their sale, 51% incurred costs related to the transaction falling through.  The kinds of costs include: legal/ conveyancing fees (23%) legal search costs (13%) lower offer on property (21%), survey costs on purchase property (15%).  One in ten (12%) of those who incurred costs estimate these to be more than £5000.  Those who incurred costs due to a failed sale estimate these to be on average £2,727.