No Onward Chain

Sampong

I am on the mailing lists of various Estate Agents in my area (Boston, Lincolnshire) - and I a noticing that a lot, a lot of the property details that come through are being sold with "No Onward Chain".

I also notice the same thing in the local property pages - and on rightmove.

What do you think the reason is behind this? More and more homeowners defaulting on their mortgages? Or perhaps Landlords trying to cash in on the lettings boom and getting their fingers burned?

tartanterra

Could be emigrating.
Owner may have died.
Elderly resident moving into a home.
Could be a developers property.
Someone moving in with a partner.
Organisation selling a "tied home"
Someone moving into the rented sector.
A repossession.

In fact, it could be one of hundreds of reasons.

Of course, if you are pushing a particular agenda with this thread, then I'm sure you will find whatever reason you want to for these properties having no forward chain.:D

Carl31

im noticing a lot more properties for sale in our area, more boards out and a thicker property section in the local press

shortchanged_2

Carl31 wrote: »

im noticing a lot more properties for sale in our area, my boards out and a thicker property section in the local press

It's very common for more properties to come on the market in the spring to make the most of the spring bounce, also seeing it around my way.
But seeing as there is a serious lack of property in the UK I can't help wondering where all of these properties miraculously appear from.

Sampong

tartanterra wrote: »

.

Of course, if you are pushing a particular agenda with this thread, then I'm sure you will find whatever reason you want to for these properties having no forward chain.:D

Nope, not pushing any particular agenda - just putting the thoughts up for feedback. The purpose of the question is pretty much what it says - I am curious as to what the reason is.

I've noticed a bit of an "agenda" on this house price discussion section of the forum. What is the history behind it? Landlords vs FTB's? Or those who believe house prices will rise vs house prices will fall?

pinkteapot

If you're looking to buy, the market's pretty carp at the moment. A glut of properties that have been on since 2007 and are still over-priced, and an occasional decent one. Maybe more people are selling and renting while they wait for the right house. Getting a buyer and finding your next dream house at exactly the same time is harder when the market's like this.

I sold in Feb '09 and it took over a year for us to find the right house to buy. Having done that though, I would always rent between owned houses again. Buying and selling chain-free is so much easier.

tartanterra

Sampong wrote: »

Nope, not pushing any particular agenda - just putting the thoughts up for feedback. The purpose of the question is pretty much what it says - I am curious as to what the reason is.

I've noticed a bit of an "agenda" on this house price discussion section of the forum. What is the history behind it? Landlords vs FTB's? Or those who believe house prices will rise vs house prices will fall?

It would probably help if I explained how this particular board operates:

First of all, find yourself an "agenda", something that affects you personally is the best sort of agenda. If it makes you really, really angry (and possibly abusive under cross questioning) then all the better. Indignant outrage always helps.

Next, back up your agenda with argument and possibly some random articles, preferably from authors who are pushing their own agenda.
If at all possible, try and avoid using facts or any sort of credible research. The best sort of line to follow is generally "it's obvious" or simply storm off and start another thread if you're challenged on any of your assumptions.
If you simply must use facts, try and "cherrypick" them. Avoid using all the data available by simply taking single items out of context and ignoring anything else of relevance.

Finally, back up your posts or threads by using the "battering ram" technique. Simply fire off post after post to wear down your opposition.
Don't worry about quality; it's quantity that matters. When anyone's view differs from your own, use the tried and trusted method of name calling to try and put them off their stride, especially if they are actually right.

For further research, have a look at any post or thread by homelessskilledworker.

(NB. This will also take you into the world of sockpuppetry, but we'll leave that particular method of posting for another day.)

Have fun!:D

lisyloo

im noticing a lot more properties for sale in our area, more boards out and a thicker property section in the local press

I'd suggest one of the reasons for that is spring in general and the Easter weekend in particular.

Graham_Devon

Sampong wrote: »

N
I've noticed a bit of an "agenda" on this house price discussion section of the forum. What is the history behind it? Landlords vs FTB's? Or those who believe house prices will rise vs house prices will fall?

Landlords vs everyone else, really.

tartanterra

Graham_Devon wrote: »

Landlords vs everyone else, really.

Of course, in my previous post I forgot to mention the popular tactic of "sweeping generalisations".

Apologies.:)

Graham_Devon

tartanterra wrote: »

Of course, in my previous post I forgot to mention the popular tactic of "sweeping generalisations".

Apologies.:)

You didn't need to mention is really. You posted one.

But seriously, which uber bull isn't a landlord or owner of an investment property?