House Chains

Problems with house moving chains and avoiding the related stress of chains breaking down.

Key Fact

A house moving chain is a line of buyers and sellers involved simultaneously in property transactions that are linked to each other. If one transaction falls through or is delayed, the chain breaks and the effects are felt up and down the line.

Key Fact

Government figures estimate one in three property transactions in England and Wales falls through, while a survey for trade event the Homebuyers Show found that 36% of people feared getting stuck in a chain more than any other aspect of moving house.

Resources

Bovis Home Exchange

Foreman Homes Part Exchange

Countryside Properties


House Chains - the moving nightmare!!

You have found a buyer for your house, they have found a buyer for their house, who have found a buyer for their house .......... but until the chain is complete, either with a first time buyer or a cash buyer then nobody can move leading to lots of stressed out vendors. And meanwhile the dream house you have fallen in love with might just get sold to someone else while you are waiting for your chain to complete.

Before accepting an offer on your house always find out what the situation of the buyer is and if you are likely to get bogged don in a long chain. It can only take one link in the chain to get broken for everyone to be thrown into complete disarray.

The best and least stressful way to move house is without getting involved in a house moving chain at all. There are three ways you can do this.

If you are in a house chain the most important thing to do is keep communication channels open between all parties in the chain can help ease things along, lower stress levels and reduce the risks of chains collapsing.