Broken Chain
Being in a chain when selling your house can be an unpredictable and anxious time. If the buyer of your property pulls out of the chain this will leave you in a very vulnerable position.
Statistics show that as much as a third of all property sales are unsuccessful as a direct result of broken chains. Broken chains happen when one of the parties in the linked transactions pulls out. This is when there are three or more parties involved all relying on each other. If one of these transactions is unsuccessful, or if a link in the chain breaks, the entire sale falls through and the seller is left back at square one.
Broken chains cause complications, stress and delay.
When a broken chain materialises sellers are forced to address their chain-breaking complications in the following ways. The first, and most extreme, is to abandon any remaining hopes of securing their dream property, despite the money and time they have already invested. In the second instance, the seller risks mounting debt by opting for a bridging loan or additional mortgage in the hope that their chain-breaking issues will be resolved. Finally, sellers accept reduced offers and more renegotiations.
None of the above-mentioned strategies offer much in terms of security or peace of mind. In fact, the seller is left with doubt, risk and not much else. The disadvantages of broken property sales chains – not to mention the frustration of restarting the selling process from scratch – include having to pay a range of costs such as surveying, mortgage and solicitors’ fees, amongst others.
We are positioned to purchase your property within 7 days and put you back in a position of strength. Equipped with financial security, you can cast all your chain-breaking concerns aside and purchase the property of your dreams at a time that suits you.
Avoid the financial risk of bridging loans and additional mortgages, and prevent the situation of paying insurance and maintenance costs for two different properties. Furthermore, you do not have to conform to anyone’s timescale but your own. A-Fast-House-Sale.net will put you back in the position of being a cash buyer.
We can tailor ourselves to your requirements and will complete on timescales that are most convenient for you.
We use our own solictors and on our instruction they will make the whole legal process hassle free.
Making brighter tomorrows happen today.
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Browse the links below to find out more about about how a-fast-house-sale can help in the following situations...
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- Broken Chain
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