How do I keep things MOVING SWIFTLY in a PROPERTY CHAIN? 🔗
#CAVENDISHEXPERTS in Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 0656 | www.cavendishproperty.co.uk
Buying and selling a house can be a very stressful time, this is particularly true when you are in a property chain
A chain is where there are a number of different buyers and sellers all buying one property and selling their own. At one end of the chain, there will normally be a first-time buyer, who isn’t selling a property. At the other end of the chain there will be someone who is selling a property that is already empty.
Maybe this is a new build, or it could be a property investor. The chain can be any length, but you can do many things to help make sure that things keep progressing…
🔹 Talk frequently
They say it is good to talk, and this is especially true when buying and selling property. If there is a hold up, speak to your Estate Agents and/or solicitor and see if there is any way you can speak directly to the party that is holding things up. This may allow you to alleviate any problems more directly and get things back on track.
But remember you always need to be diplomatic and understanding. Making demands isn’t going to help getting things progressing. Get clear dates of expectations, map out, agree on when things should happen and follow up on these.
🔹 Come to the table with clean hands
What we mean by this is that you don’t want to be the one that is holding things up. Sometimes there will be things that are out of your control. But it can be easy to let things slip when you are leading a busy life. So, make sure you are on top of everything that you need to do.
Check your messages, read your emails, read the documents, and make sure that you have done everything you need to do. Maybe set aside a short period each day to review things and know that you are on top of matters.
🔹 Be prepared
Preparation is everything! Get your mortgage offer in place as soon as possible. This will help minimise delays. If you haven’t bought a property in a while, you may not be aware of how long this stage takes. Mortgage companies are meticulous in looking into their buyers now and will want to see everything.
This may include getting statements from any outstanding finance you have in place, or even maybe clearing down those credit cards or other loans. So, get everything ready that you possibly can.
🔹 Speak to your dedicated Deal Progressor at your Estate Agency
Deal progressor's at our Agency are trained to the highest level which makes them 'super-on-it' when it comes to successfully linking and moving property chains forwards.
To be brilliantly effective at it, one must know and understand all aspects of the conveyancing system to a high level
And yes, there's a lot to know and do but for our customers, it's up to us to know and do, not up to them.
If you are 'stuck' in a property chain and would like impartial advice from one of our Deal Progressors, please get in touch today.
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#CAVENDISHEXPERTS in Lettings, Sales and Property Management in Nottingham | Cavendish Residential | One Fletcher Gate NG1 1QS | 0115 941 0656 | www.cavendishproperty.co.uk
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