Chains Glorious Chains

A chain is formed when a person selling their property intends to purchase another property at the same time and each transaction becomes reliant on the other.

In most cases people approach chains with trepidation and of course they can delay things so this is why Estate Agents make a point of highlighting in their property descriptions when a property is offered “chain free”.

There is no denying that chains can have their perils when there are so many variables to consider but this is where one can separate a good Estate Agent from a not so good Estate Agent.

As I mentioned in my previous post when Squires Estates receives an offer on a property from a buyer who is dependent on selling their existing property we speak to all the Estate Agents involved in the chain before even putting the offer up to our vendor.

Once a sale has been agreed it is imperative to keep in touch with all the Estate Agents on a regular basis to ensure that all parties are kept well informed and happy.

It’s best to manage everyone’s expectations right from the outset as, for example, giving unrealistic timescales will only lead to problems further down the line.

If one Estate Agent in the chain doesn’t take a hands-on approach it can have ramifications all along the chain.

I remember on one occasion I actually found myself doing the job of the agent at the bottom of the chain and was speaking directly with their buyer in order to get the deal through.

This is by no means the norm but hopefully is a good example of just how far Squires Estates will go to get the deal through.

I find it very satisfying that by us selling a property in North London we can accommodate a move to Aberdeen via a move to Eastbourne via a move to Birmingham etc. etc.

Edward, Director of Squires Estates