How to keep your property chain moving
Navigating a property chain in Reading can be stressful. At WhiteKnights, we offer a step-by-step guide to keep things moving smoothly. From frequent communication and staying organised to being well-prepared, our tips will help you manage your property chain effectively.
Keeping Things Moving When You’re in a Property Chain in Reading
Buying and selling a house can be a very stressful time, especially when you are in a property chain. At WhiteKnights, we understand the intricacies of the Reading property market and are here to help you navigate the process smoothly. Here’s our guide to keeping things moving in a property chain.
Understanding Property Chains
A property chain is where multiple buyers and sellers are interconnected by their transactions. Typically, there’s a first-time buyer at one end who isn’t selling a property, and at the other end, someone selling a property that is already empty—often a new build or an investor's property. Chains can vary in length, but there are several strategies to keep things progressing smoothly.
- Communicate Frequently They say it’s good to talk, and this is particularly true in the property market. If there’s a hold-up, speak to your estate agents and solicitor to see if you can directly address the issue. Clear, diplomatic communication can often alleviate problems and get things back on track. Establish clear timelines and follow up on them regularly.
- Stay Organised Ensure you’re not the one causing delays. While some things are out of your control, staying on top of your responsibilities is crucial. Check your messages, read your emails, and ensure all required documents are completed promptly. Dedicate a short period each day to review your progress and address any outstanding issues.
- Be Prepared Preparation is key. Get your mortgage offer in place as soon as possible to minimise delays. Mortgage companies are thorough in their evaluations, often requiring extensive documentation. This might include statements from outstanding finance or clearing down credit cards. Have everything ready to expedite this process.
- Maintain Consistent Communication Effective communication is vital. Your estate agent and solicitor should be available to discuss your concerns as needed. Many modern companies offer extended hours and multiple contact methods, including email, text, and online portals. Use these resources to stay updated on your move's progress.
By following these tips, you can help ensure your property transaction in Reading proceeds smoothly. For more personalised advice and expert support, contact WhiteKnights today.
T: 0118 334 7410
e: firstcontact@whiteknights.co.uk