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Buying house from a divorcing couple - does this mean two chains?
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Happened to me once, two chains. To my surprise it was fine, I've had much worse in a "single" chain. In your case there may or may not be two chains, if wife is already living elsewhere, likely there is just one.0
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Even if Wife has moved out she may still have a financial interest in the property and be waiting for funds to purchase a new property ?
Yes, she'll want the money (presumably ASAP) but unlike hubby, isn't aiming to load and unload a removal van on a particular date, because she's already living somewhere else. She might not even have any current plans to buy.0 -
Even if Wife has moved out she may still have a financial interest in the property and be waiting for funds to purchase a new property ?
But if wife has already moved out then she is not reliant on the house proceeds to immediately secure housing (as she is already living somewhere else), therefore no chain on that side.0 -
We bought from a divorcing couple a few years back - he had moved out, she was still there. A previous sale had already fallen through, and I think they were very motivated to sell the house and move on. There were no children involved. We were cash buyers not awaiting a sale. They accepted our offer, slightly below asking price and we moved in 8 weeks later with very few complications.
So, it depends very much on the circumstances of the couple you are buying from, if both want to sell, and are pragmatic enough to accept a reasonable offer from a motivated buyer, if may well go as smoothly as ours did.
However, if one or other of them had a different agenda it may be tricky. Best of luck.0 -
Don't assume both want to sell....
...or even if they do, may not agree on terms, price, timescales. Divorcing couple often are prone to pointless squabbles.0 -
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