The economic events of recent months have prompted plenty of to-ing and fro-ing in the housing market.
While some buyers and sellers have paused to consider their situations, others have put their foot on the gas to get deals swiftly across the line.
While this flurry of activity may be making headlines in national newspapers, it’s important to remember that property chain uncertainty is nothing new. Over the past few years, the average number of sales falling through before completion has hovered around the 30% mark.
Chains can come under pressure for various reasons, such as issues raised in the survey, one party having second thoughts or a change in circumstances (for example, divorce or bereavement).
The best strategy to keep your chain moving is to use an experienced agent (now is not the time to be taking the do-it-yourself route or relying on a chancer who is new to the game).
A good agent will have coaxed hundreds of chains over the line in good times and challenging ones. A good agent:
One of the most frustrating things about being part of a chain is that you’re relying on other people – over whom you have little influence – to get their act together.
The best way through is to focus on what is within your control. As well as choosing a good agent, it’s important to:
Here at Village Properties, we’re doing everything we can to keep deals going through. If you need advice or feel worried about your situation, get in touch. We’d be happy to speak with you.
Village Properties is a trading name of Village Properties (South West) Limited, Registered in England Number 6480700. Registered Office 57 Sheen Lane, London, SW14 8AB