I've always favoured looking at areas I want to buy, checking properties are available, selling my house, renting for six months and then buying as a cash buyer. The only time it wouldn't work is if properties were hard to find in an area and/or property prices were rising rapidly.
Sadly, Agents can't 'make sure' everything goes smoothly. All they can do is try and keep their finger on the pulse of the chain and communicate any problems to their client along with suggested solutions. Also, not a single mention of the solicitor/conveyancer role in this video. Most agents will tell you that, perhaps because of how little money there is to be made in conveyancing compared to other types of legal work, many delays are caused by the legal side not being pro-active but waiting until someone chases them up before doing anything. Also no mention of the possibility of breaking a chain by going into rented accommodation if your imperative to move and finances make it necessary/possible.
Being in a chain has been so stressful for me, especially as a first time buyer as everything is new to me and you can't help worrying if someone breaks the chain. Next time I'll definitely prioritise buying a property with no chain if possible.
We tried to schedule a move in on a date, that didn’t happen because the seller needed a gas cert. Held up the process for ages. We finally exchanged, we didn’t have that gas cert that held everything up. We then checked the gas ourselves and the boiler had corrosion in the flue, gases were burning causing carbon monoxide. So not only was it inconvenient and prolonged everything, we didn’t get any cert and could of had CO poisoning. Double check everything
worst is when you're buying a chainfree home and when nearly done, you find that the seller BS u and isnt chainfree and they're buying a house. No legal protections whatsoever. in England at least
Marketing my property next week, sale will go toward deposit remaining coming from new joint mortgage, current property no mortgage all cleared, seen new property made offer, if accepted do they need to know mine not sold yet? Or can we give agreement in principle get solicitor to delay things whilst current property sold?
@@MoveiQ if your selling it’s best to buy and sell with the same agent as you have more chance of being put forward. All these estate agents favour first time buyers and property investors because of the commission or pay backs.
@davinatest8467 it's 2024 and this is still an issue. The worst part is, many of them will agree a provisional date/time for a viewing, then either ghost you on a confirmation, or call to say "the buyer has decided to reject the viewing because you are in a chain/have not completed your sale. Yet, on a couple of occasions, it has been clear that this was going to be the case with that seller anyway. We also found issue with getting viewings before ours "went live" on the market. I understand why some people may be reluctant, but we find it's better to have somebody claiming to be "about to go on market" having a viewing rather than no viewings, even if they are telling a porky.
There is a big difference between "out of their budget" and "beyond what they are willing to spend on a particular house". We have viewed properties at the "top end" of our budget that really don't merit that price tag. So "sorry, too expensive" doesn't just relate to the budget, but the actual value of that house. Plus, I would rather have a viewing, which might turn into purchase beyond their initial budget, vs weeks of no viewings at all.
Really useful. Bought house years ago. No chain. So anxious about putting mine on the market.
I've always favoured looking at areas I want to buy, checking properties are available, selling my house, renting for six months and then buying as a cash buyer. The only time it wouldn't work is if properties were hard to find in an area and/or property prices were rising rapidly.
Thanks for sharing!
Sadly, Agents can't 'make sure' everything goes smoothly. All they can do is try and keep their finger on the pulse of the chain and communicate any problems to their client along with suggested solutions. Also, not a single mention of the solicitor/conveyancer role in this video. Most agents will tell you that, perhaps because of how little money there is to be made in conveyancing compared to other types of legal work, many delays are caused by the legal side not being pro-active but waiting until someone chases them up before doing anything. Also no mention of the possibility of breaking a chain by going into rented accommodation if your imperative to move and finances make it necessary/possible.
Interesting video, thank you, it briefly addresses the main points thay we often ask as sellers.
Being in a chain has been so stressful for me, especially as a first time buyer as everything is new to me and you can't help worrying if someone breaks the chain. Next time I'll definitely prioritise buying a property with no chain if possible.
We tried to schedule a move in on a date, that didn’t happen because the seller needed a gas cert. Held up the process for ages. We finally exchanged, we didn’t have that gas cert that held everything up. We then checked the gas ourselves and the boiler had corrosion in the flue, gases were burning causing carbon monoxide. So not only was it inconvenient and prolonged everything, we didn’t get any cert and could of had CO poisoning. Double check everything
Thank you for sharing this
worst is when you're buying a chainfree home and when nearly done, you find that the seller BS u and isnt chainfree and they're buying a house.
No legal protections whatsoever. in England at least
Sorry to hear this
Marketing my property next week, sale will go toward deposit remaining coming from new joint mortgage, current property no mortgage all cleared, seen new property made offer, if accepted do they need to know mine not sold yet? Or can we give agreement in principle get solicitor to delay things whilst current property sold?
Yess Ive been waiting for this :) amazing thank you for this video
Glad to be of assistance. Hope it helps.
I’m finding that so many agents won’t even put you forward for a visit to a sellers property if your in a chain.
We have heard this too.
@@MoveiQ if your selling it’s best to buy and sell with the same agent as you have more chance of being put forward. All these estate agents favour first time buyers and property investors because of the commission or pay backs.
@davinatest8467 it's 2024 and this is still an issue.
The worst part is, many of them will agree a provisional date/time for a viewing, then either ghost you on a confirmation, or call to say "the buyer has decided to reject the viewing because you are in a chain/have not completed your sale.
Yet, on a couple of occasions, it has been clear that this was going to be the case with that seller anyway.
We also found issue with getting viewings before ours "went live" on the market.
I understand why some people may be reluctant, but we find it's better to have somebody claiming to be "about to go on market" having a viewing rather than no viewings, even if they are telling a porky.
My first property has just gone on the market 😮 I’m scared 😂
Good luck - heaps more advice here for you as and when you need it www.moveiq.co.uk/advice/selling
Why do people view properties knowing full well it is way out of their budget?? Stop wasting people’s time house buyers!
There is a big difference between "out of their budget" and "beyond what they are willing to spend on a particular house".
We have viewed properties at the "top end" of our budget that really don't merit that price tag. So "sorry, too expensive" doesn't just relate to the budget, but the actual value of that house.
Plus, I would rather have a viewing, which might turn into purchase beyond their initial budget, vs weeks of no viewings at all.