For many sellers, it is relatively easy to find a buyer to make an initial offer on their property. Then they wait 12 months for the sale to complete! During this time, the ordinary buyer can withdraw the offer for a variety of reasons, most commonly because they have been unable to secure funding, had second thoughts or had a failure on the sale of their own property.
Selling property can involve a chain of several dependant transactions. If any one of these encounters a problem, the whole property chain can fail or suffer delays.
Industry statistics show that over 30% of initial offers suffer from a break in a property transaction chain.
Conventionally if you are part of a collapsing property chain you have few options:
Wave goodbye to the next property you had set your heart upon, writing off the considerable amount of time and money (surveyors, mortgage and solicitors fees) you may have spent already.
Consider taking out an expensive bridging loan in the hope that the property chain will resurrect itself.
Accept the delay and hope your vendor will not look for a faster buyer!
With Alba Homebuyers Chain Break service you have another option to keep your property chain intact and move into the home you want, at a time that suits you!
The main benefits of our service are:
Alba homebuyers can exchange and complete quickly and to your timescales. You avoid the worries and costs of bridging loans or paying mortgage, maintenance and insurance costs for two properties. You are no longer a victim of property chains, fall-throughs and insufferable delays.
Whilst there is a cost involved, due to Alba homebuyers buying at a discount to mortgage valuation, this may be readily affordable compared to the sunk costs of a property chain (surveys, mortgage and solicitors fees) and the emotional strain of having to repeat the selling, buying and moving process.
Our business specializes in providing innovative solutions to your particular situation. If you think Alba homebuyers could help you with your house sale please fill out our contact form.
Alternatively get your Estate Agent or Solicitor to contact Alba homebuyers with details of the property chain.
Don't have a breakdown. Alba homebuyers - sell your house today
Mrs M was literally days away from eviction due to mortgage arrears.
A court order granting eviction had been passed, and eviction was scheduled for 7 days time. More ... Mr S had a portfolio of flats,
the majority of which were in a run down condition.Faced with considerable refurbishment costs and some difficult tenants,he came to us for a hassle free sale.We made an immediate guaranteed offer on all the properties, and Mr S was able to relax and move on from his problems. More ...
