The answer is 'optimism bias' https://en.wikipedia.org/wiki/Optimism_bias

This is a dangerous and expensive mistake on the sellers part, if moving is essential.

Gov figures on Business Insolvencies: https://www.gov.uk/government/statistics/company-insolvency-statistics-october-to-december-2022/commentary-company-insolvency-statistics-october-to-december-2022

Guardian Story: https://www.theguardian.com/business/2023/jan/31/business-insolvencies-firms-go-bust-2022-england-wales

Watch the video of this podcast: https://youtube.com/live/a-HU_ujbpAs

Talk to my magic mortgage guys if you don’t already have an independent, whole of market broker. Pop details in here and I’ll put you in touch:

https://mhwc.co.uk/mortgage

All my links:
https://linktr.ee/movinghomewithcharlie