Buyers who miss out on their dream home can take five steps to ensure their next purchase is more successful, the National Association of Estate Agents said.
There are eight buyers for every property that come to market nationally, meaning some can be left disappointed even if their offer is accepted.
Under the rules of the English conveyancing system the seller or purchaser is completely free to pull out of the deal until contracts are exchanged.
Top tips include finding out why a purchase fell through, as if the transaction broke down from the seller’s end for example, the property could come back onto the market.
Buyers should also prioritise exactly what features they like and dislike about the property, meaning future searches can be more focused after the experience.
Jan Hӱtch, president of the National Association of Estate Agents, said: “Losing out on a house can be an understandably upsetting experience.
“To minimise the chances of disappointment, it is always sensible to find out as much as possible about the seller’s situation. For example, ask if they have already found a property to buy, and if so, whether or not the upward chain is complete. All of these factors could impact upon your purchase.
“Remember that estate agents are legally obliged to let sellers know about any offers that are made, and unfortunately this can sometimes result in gazumping. Rapid price increases in some areas have led to some sellers deciding to leave their property on the market a little longer and hold out for a higher price than the original valuation.”
Another recommendation is to communicate, as keeping in touch with the agent can give early warnings of other suitable properties in the area. Asking for a property to be taken off the market once the offer has been accepted is also a reasonable request.
Buyers in rented accommodation are told to stay put rather than giving notice straight away, as nothing is ever set in stone until they sign on the dotted line.
Lastly they recommend that buyers get the best possible advice, such as from one of their NAEA member agents.