Is it easier to buy or sell a house with no chain?
Buying or selling a house with no chain is a desirable position to be in. This is because the conveyancing process is a lot simpler, smoother and quicker. Because there are less people, and properties involved, there are usually less complications that you’ll have to deal with.
What issues can arise in a chain?
In property transactions, the speed is limited by the slowest link in the chain. This is because another link (person, or property) could cause delays, or even the whole chain to collapse.
The chain could break if a link decides they no longer want to buy or sell a property, known as gazanging and gazundering. Or you may experience delays if there are issues with things such as, mortgage approvals, home buyer survey issues, slow response to enquiries or even a holiday delaying the preferred completion date.