Broken Property Chains

Are you stuck in a property chain?

 

Simply Property Buyers can help you get out of a property chain. In today’s market, one in three property sales fall through, primarily due to a breakdown in the property chain.

What is a property chain? A property chain refers to a property sale that is dependent on another sale, thereby creating a chain. For example, one person wants to buy a property, but that purchase depends on the sale of their existing property and so forth. A property chain involves a minimum of two people and there is no maximum number of people that can be part of a property chain. This means that if one transaction somewhere in the chains falls through, then the transactions in all the other parts of the chain also end up falling through. Being stuck in a property chain can be time-consuming – sometimes you will have to wait for a transaction to go through somewhere else in the chain for your transaction to go through. It gets more frustrating when your property sale falls through due to a breakdown somewhere else in the chain.

There are many reasons a property chain can break down, including issues obtaining a mortgage, legal issues, surveying issues, buyers simply changing their mind and so forth. But basically, a breakdown in the chain in many cases is beyond your control and will just delay your property sale.

How do I get out of a chain? Simply Property Buyers is never part of a property chain. We do not rely on the sale or purchase of other properties to sell your property. This means you will never be part of a property chain when you sell your property to us. Don’t get tied up in a property chain and contact Simply Property Buyers for a guaranteed sale of your property.