Broken Property Chain
Property chains are a common problem. If you’re buying a new property, chances are the person selling you their home are also buying another property to move into. In fact, you yourself may be relying on the sale of your own property to help you buy your new one. It is a fact that most properties on the market in the UK are part of a property chain linked to other sales and purchases.
Almost a third of house sales fall through due to broken property chains. An offer on a property is not legally binding which means the buyer or seller can pull out at any time, for any reason. Perhaps the seller of your next home simply changes their mind and no longer wants to sell or the buyer of your property cannot get the required mortgage approved. Survey issues, unforeseen financial or personal difficulties, the list is endless. One thing is for certain, it is never a nice feeling to think that everything is going smoothly with the sale or purchase of your new home only to find out it has collapsed due to a broken chain.
On the other hand, it is not uncommon for the sale of a property to take up to 18 months. If you are waiting to move to your dream home this may be tolerable, but if you need to relocate due to work or are selling due to a divorce or bereavement, then this extended period of time can be extremely distressing.
If you have recently experienced a broken chain or you simply do not want the hassle of waiting to sell your home, contact us today. When you sell your property to us you can rest assured that our service will remain transparent and simple. We remove the need to deal with Estate Agents and often inconvenient and time-wasting property viewings. We can offer a guaranteed cash purchase for your property in a timescale that suits you. It could be a couple of weeks, or even just a few days.
Like you, every property is unique, so we’ll just need a few details before we can make you an offer.