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Does no onwards chain add value to a property?
warwicktate
Posts: 35 Forumite
Afternoon all,
More of a discussion than a question really, but the title says it all.
If you are selling a property with no onwards chain, does that add value to a property, or does it just make it slightly more desirable? Or is there no real effect? I've noticed EA's are very keen to stress when a property is 'ready to go' i.e. empty. So I can only assume that having to wait for the seller to find a property/move out is a downside to the moving game, and can maybe even become a bargaining chip with the negotiations.
Thoughts?
More of a discussion than a question really, but the title says it all.
If you are selling a property with no onwards chain, does that add value to a property, or does it just make it slightly more desirable? Or is there no real effect? I've noticed EA's are very keen to stress when a property is 'ready to go' i.e. empty. So I can only assume that having to wait for the seller to find a property/move out is a downside to the moving game, and can maybe even become a bargaining chip with the negotiations.
Thoughts?
0
Comments
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It will be more appealing to buyers but wont make it worth anymore money. imho.5
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It means there will be less hassle associated with the sale but it doesn't affect the value of a property. It may make it more desirable to a buyer, but that is all.2
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Only if someone is desperate to move in fast. Selling 2nd house this calendar year, no chains, hasn't happened yet0
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It doesn't add value to the property, but it might add value to a particular buyer.0
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We liked the fact that the property we are purchasing was the end of the chain. So there is only our buyer and then the one we are buying. Which makes it nice and easy.Debt free Feb 2021 🎉0
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No extra value, but certainly more desirable as the chain completes so you have more of a timeline ready to go instead of waiting for your seller to find somewhere, and then maybe they have a seller onwards and onwards.0
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tend to feel that if there is no upward chain then the sale is more likely to go through. Our last two sales and one purchase were all "no upward chain" - first only hiccupped because the purchaser died0
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We are looking now and it is an extra tick box of 'this is less likely to have problems than a really long chain'. What the value of that is will differ from buyer to buyer. May not increase value but could help get asking price imo.0
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Within my experience, it won’t increase the value, but it may land you a sale if it’s a choice between you and someone in a long chain, in the same sort of way that a purchaser with no chain is preferable - all other things being equal.0
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No extra money but it is more saleable.0
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