What does no forward chain mean?
Asked on Feb 1 2011,
Using Zoopla in Bournemouth |
It means the person/s selling the property to you is not dependent on buying another house in order for your sale to go through. Or it could be the property they have lined up has no chain that end, or they can move in to rented accommodation. It simplifies things enormously if there is less chain to break.
Answered on Feb 1 2011,
Simply that the person selling the house is not buying on,or linking a purchase to the sale.
Answered on Feb 4 2011,
The first answer is incorrect as if the seller you speak of was buying a property with no forward chain then their sale would not be advertised as "no forward chain."
The only correct answer is that the property is being sold with no other dependant purchase. This is usually when the property is already vacant or the seller is going into rented accomodation as opposed to buying again.
David from the Landlords Investors Club, Bournemouth.
p.s. All of the properties we sell offer no forward chain as the properties we put to market are below market value and rare investment opportunities for savvy buyers. All the best.
Answered on Oct 30 2011,
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