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25.07.2018

How much is being chain-free worth?

Many of our customers come to us to buy their homes quickly so that they can be in a chain-free position when negotiating for their dream property. So just how much is being a chain-free buyer actually worth?

 

According to a recent poll by Clearscore, 74% of all sellers would definitely accept or consider accepting an offer 5% below asking price if the buyer was in a strong, chain-free position to proceed. This proportion increases to 88% amongst sellers of properties worth over £500,000.

 

So what does this mean in monetary terms? Well, this of course depends on where you live in the country and the value of the property you are offering on. We’ve done the calculations for you so that you can get an idea of just how much being chain-free could save you on your next property:

 

Region Average Price (May 2018) Calculated Potential Chain-Free Saving (5%)
East Midlands £190,261 £9,513
East of England £288,808 £14,440
London £478,853 £23,943
North East £128,680 £6,434
North West £157,531 £7,877
South East £322,096 £16,105
South West £251,877 £12,594
West Midlands £192,322 £9,616
Yorkshire and the Humber £158,966 £7,948
UK-WIDE £243,583 £12,179


Given that it was
recently reported that the number of property sales falling through in the UK has reached a 10-year high, those that are in a chain-free position have more negotiating power than ever.

It is for exactly this reason that many of our customers choose to sell their house fast with us - as not only can they can be 100% sure that their home will sell for cash, but they can also be in a chain-free position to buy their dream home (often at a saving thanks to their excellent negotiating position!).

 

If you think we can help you sell your home quickly, then get in touch with our friendly team today who can talk you through the process.

More news

25.07.2018

Many of our customers come to us to buy their homes quickly so that they can be in a chain-free position when negotiating for their dream property. So just how much is being a chain-free buyer actually worth?

07.12.2017

Gazumping is when the seller of a property accepts an offer from one buyer and then just before the sale is fully complete, goes on to accept a higher offer from another. We tell you all you need to know about this new trend and how to avoid being gazumped. 

29.11.2017

At House Buyer Bureau, we understand how important it is to feel in control of the buying and selling process. That’s why we’re 100% transparent with our customers throughout the sale process and we’ve drafted this blog post so that you can find out exactly what ‘agent upselling’ is and how to avoid its potential costs.