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Property Chain Breaks by urle andy





Article Author Biography
Property Chain Breaks by
Article Posted: 06/29/2011
Article Views: 63
Articles Written: 66
Word Count: 403
Article Votes: 0
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Property Chain Breaks


 
Real Estate
With 1 in 3 property chains breaking down before completion, this means that over 150,000 sales fall through each year. When you want to sell your house fast, Nottingham on the open property market through a trusted estate agent, unfortunately you can’t relax until you have exchanged contracts and the chain is secure. Until then, you are caught in an unstable property chain that can break down at any time, leaving you in a very stressful and unfortunate situation.

You will have to re-market your property, get it valued again if a significant period of time has lapsed and go back to square one with viewings and trying to sell your home. This means preparing it for a sale, dealing with negotiations on price, and unfortunately people are more likely to knock the price down knowing that you are desperate to sell. Again, once an offer is secured and the process starts again you are still going to be caught in an unstable chain.

A property chain can mean anything from two to ten properties all relying on each other for the sale and completion of a property, this is a lot of people who’s homes and finance are at stake and unfortunately a lot of people that could potentially change their mind at any time.

If your property chain breaks down it will cost you time and money and can be very upsetting as you don’t want to miss out on your dream home, or your plans to start afresh somewhere else.

There are many reasons that a chain can break down and stop you to sell your house fast, Nottingham. A buyer can lose their job so cannot afford the monthly mortgage, plans to relocate can change, the economy can change and rates can fluctuate, and people can simply have a change of heart and find a property that they prefer. There is nothing you can do and no legal comeback so the best thing is just to pick yourself up and start making new plans.

There is another way, you could sell your house fast, Nottingham, privately as this will secure a quick sale and you may find that you aren’t any worse off financially. Finding a new buyer can be time consuming and you could lose your home that you want to buy so this could be the better option.

For more information, visit us at http://rapidhomebuyer-nottingham.co.uk/

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