How to avoid long property chains
When it comes to buying a home, no matter how prepared you are unexpected issues can still arise – leaving buyers frustrated and out of pocket. Recent research reveals that 28% of hopeful purchasers experienced the ultimate disappointment - their dream home slipping through their fingers. Not only did they lose this opportunity but also shelled out around £3,000 on conveyancing costs in vain.
Buying a home often involves various roadblocks, but by taking some proactive steps to sidestep lengthy property chains you can make the transaction much smoother.
To ensure success in your endeavours, with minimal hiccups along the way, consider the following;
Unlock the potential of becoming a chain-free buyer by considering unconventional options such as moving into short-term rentals or living with family or friends. You could make yourself an incredibly attractive prospect to vendors, giving you advantages that others don't have.
When you're in search of your perfect home, prioritise properties that don't involve a lengthy chain. There are ample buying chances with vendors who own second homes or those selling inherited property; giving you the opportunity to move into your dream residence sooner rather than later.
Selling your home is simpler than ever with new-build developments. They often provide part exchange opportunities, meaning no need to worry about tricky or complicated property chains - simply move straight into your dream home.
Buying or selling a house is an important life decision that requires careful consideration and planning. While it can be exciting, the process of moving into a new home has its complexities - particularly in today’s buyer's market where vendors might need to agree to move out on fixed dates or even rent accommodation for their property sale not to fall through.
It should always be advised seeking professional legal support before you begin any transaction as this will ensure you are fully informed about all potential factors at play throughout the journey towards your dream home.