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Beat the property chain problem

A long or complicated property chain can be the death of your house sale.

One of the most common complaints about the house-sale process is the property chain. Unfortunately, in the vast majority of sales, a property chain is unavoidable, and because you only have direct influence over the people on either side of you, it's easy to feel that you've lost control. Can you beat the property chain problem?

The difficulty with property chains

Accepting an offer on your house is just the beginning of what can be a very long and stressful process. Unless you have sold your house to a first-time buyer, your buyer will have sold their own house to someone else, and so on, until you reach the buyer at the bottom of the chain. Similarly, the people you are buying from will be buying from someone else going up the chain. It only takes one hitch in the chain for the whole process to collapse. This can happen at any time. A buyer may reject a property after getting the results of a survey, for example, or may pull out because they have found a house that suits them better. Failure to get a mortgage can also create property chain problems. If your chain falls apart, it could be weeks or even months before you're in a position to sell your property again.

Avoiding the property chain trap

Not only do property chain problems cause endless stress, they can also cost money. You will have to pay legal fees for any work undertaken to the point where the chain collapsed, and you may also have arranged removals, or even have paid for a rental property until your sale completes. By avoiding the property chain trap, you not only save time and money, you achieve a quick sale with none of the problems normally associated with selling your home.

Selling without a chain

It is possible to sell your home without encountering a property chain at all. If you sell your home to dedicated buyers through an online property auction, you are choosing a transaction that is just between you and the buyer; simple and straightforward, with a guaranteed sale at the end of the process. You can sell your home quickly, in the knowledge that you can plan ahead, whether you're buying a new home, moving abroad, settling a divorce or just sorting out your finances.

If you need help to beat the property chain, contact us at Discount Property Auction. We're committed to helping you, whatever your circumstances. If you want to sell your home, you can use our dedicated online auction facility, which allows you to upload your property yourself and put it in front of genuine, interested buyers. Call us now on 0800 1313 999 or email admin@discountpropertyauction.co.uk to arrange a valuation today.

25/06/2007 00:00:00