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SELL YOUR HOME QUICKLYChain Reaction: How a quick house sale can get you on the property chain
Property chains: we have all heard about them. We have heard our friends talk about the problems, or the benefits of there not being a chain in place. In today's property market however, they are hard to avoid with so many buyers and sellers out there.
You will find that many property transactions are reliant on movements from 3 or 4 other parties in order for any given property purchase to be completed effectively. So that quick house sale you were after may start to look a little more unlikely when you find out that, for the average seller, it can take 12 months to complete the process. In practice one in three of these chains will collapse according to industry statistics, so your chances of success seem even more limited.
However, before you start to consider all these factors, are you sure you can join a chain in the first place? At MPG we are experts in property purchasing and know all too well that there are two key issues you need to address to effectively manage the chain process.
- A quick house sale of your current property
- Completion of all the component parts of the chain
MPG gives property buyers the first part of this service by delivering a guaranteed cash offer for their current home. Once this is done you will be able to meet demands of all other parties within the chain thus ensuring that from the outset you are effectively managing the process rather than being led by it.
When you have accepted the MPG offer for your home, you are then faced with two flexible solutions, either: Delay the completion of your property sale to a date that suits you and others in the chain; or use our Sale and Rent back option in order to complete and remain in your home as a tenant.
So that is the first part taken care of to get you on to the property chain process in the first place. Now you need to effectively manage the chain in order to guarantee each step continues as planned.