If you were trying to sell your property, would you be willing to move out and rent accommodation, so there is no chain your end?
Whilst finding a buyer can prove difficult in these market conditions, would this be something you would be willing to do? Also, do estate agents encourage sellers to think about doing this, with chains breaking down being one of the main reasons for property sales not going through? Thanks in advance for responses.
Asked on Oct 24 2011, Selling in Penzance | Report content
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If we ever decided to sell our house, we would like to think we would move in to rented accommodation to prevent the chain breaking down our end. It would just depend on whether we had somewhere in mind and whether that end was in a chain. It seems like a good idea, but much would depend on the market conditions at the time.
Answered on Oct 24 2011, Report content -
This is exactly what we agreed to do with our purchaser. However, you need to do your sums as you have to factor in a possible 6 month rental at say £4-5000. You will find yourself in a much stronger position to negotiate your next purchase tho'.
Answered on Oct 30 2011, Report content -
You should take a view on it. On one hand it will make things easier to reduce chain issues but it will mean that you are moving twice. Also, if you have a mortgage it could cause (minor) complications if you are intending to port your mortgage as it will mean you will have a period of time with no mortgage and you could have issues getting a new mortgage when you find the place you want to buy. Lenders have been known to change the goalposts...!
Answered on Feb 8 2012, Report content
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