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  • FIRST POST
    • ric1982
    • By ric1982 9th Apr 18, 1:34 PM
    • 103Posts
    • 19Thanks
    ric1982
    Timeline - Vendor finding property (Inchain)
    • #1
    • 9th Apr 18, 1:34 PM
    Timeline - Vendor finding property (Inchain) 9th Apr 18 at 1:34 PM
    For the buyers who are in chain, thought I would start this thread to see how long is it taking for the vendor to find his/her dream house.

    Its painful and slow wait and you cant (shouldnt) start any process at your end (mortgage etc.) unless the chain complete.

    Offer accepted: 09/04/2018
    Vendor Started Looking: 09/04/2018
    Vendor Found the property (offer accepted): TODO
Page 1
    • Alarae
    • By Alarae 9th Apr 18, 1:37 PM
    • 324 Posts
    • 334 Thanks
    Alarae
    • #2
    • 9th Apr 18, 1:37 PM
    • #2
    • 9th Apr 18, 1:37 PM
    On the other side of the fence (vendor), I can tell you we accepted an offer on 17 Jan, and finally agreed our onward purchase on 16 Feb. Took us almost a month, but should be exchanging in the next couple of weeks
    Save 10k in 2018: #58

    4,111.44 / 10,000 - 41.11%
    • ric1982
    • By ric1982 10th Apr 18, 7:57 AM
    • 103 Posts
    • 19 Thanks
    ric1982
    • #3
    • 10th Apr 18, 7:57 AM
    • #3
    • 10th Apr 18, 7:57 AM
    Thanks and congratulations.
    • SG27
    • By SG27 10th Apr 18, 9:21 AM
    • 2,055 Posts
    • 1,296 Thanks
    SG27
    • #4
    • 10th Apr 18, 9:21 AM
    • #4
    • 10th Apr 18, 9:21 AM
    Im just startimg selling for the first time. House on the market for a week so far!

    I dont understand how chains actually work. So you have to wait for your sellers to find then they have to wait for the sellers and then they could have to wait again for there sellers and so on! It could.go on for ever!
    • hazyjo
    • By hazyjo 10th Apr 18, 1:48 PM
    • 10,514 Posts
    • 13,681 Thanks
    hazyjo
    • #5
    • 10th Apr 18, 1:48 PM
    • #5
    • 10th Apr 18, 1:48 PM
    I dont understand how chains actually work. So you have to wait for your sellers to find then they have to wait for the sellers and then they could have to wait again for there sellers and so on! It could.go on for ever!
    Originally posted by SG27
    Yes, that's it. Although it's usually much shorter than how you imagine. I've usually only had 2-4 people (ish) in a chain, although my last one in Nov had 6 or 7! That's a fairly long one.
    2018 wins: Single Malt Whisky; theatre tickets; festival tickets; year of gin(!); shoes
    • s_glover
    • By s_glover 10th Apr 18, 2:38 PM
    • 376 Posts
    • 1,267 Thanks
    s_glover
    • #6
    • 10th Apr 18, 2:38 PM
    • #6
    • 10th Apr 18, 2:38 PM
    Thanks for this thread ric1982.
    We're just about the put our house on the market. First time selling and buying.
    Last time we were FTB with no onward chain as our vendors were moving into rented.
    We're planning on being in the next house for quite some time and have quite a long wish list. There's not too much coming up which meets our criteria at the moment. I know there will have to be some compromise but it could be a long search. I just hope it all works out!
    • dunroving
    • By dunroving 10th Apr 18, 2:40 PM
    • 1,163 Posts
    • 812 Thanks
    dunroving
    • #7
    • 10th Apr 18, 2:40 PM
    • #7
    • 10th Apr 18, 2:40 PM
    Im just startimg selling for the first time. House on the market for a week so far!

    I dont understand how chains actually work. So you have to wait for your sellers to find then they have to wait for the sellers and then they could have to wait again for there sellers and so on! It could.go on for ever!
    Originally posted by SG27
    - and just like a real chain, if just one link breaks, the whole thing goes to Hell in a handcart.
    (Nearly) dunroving
    • AnotherJoe
    • By AnotherJoe 10th Apr 18, 2:48 PM
    • 9,401 Posts
    • 10,385 Thanks
    AnotherJoe
    • #8
    • 10th Apr 18, 2:48 PM
    • #8
    • 10th Apr 18, 2:48 PM
    Im just startimg selling for the first time. House on the market for a week so far!

    I dont understand how chains actually work. So you have to wait for your sellers to find then they have to wait for the sellers and then they could have to wait again for there sellers and so on! It could.go on for ever!
    Originally posted by SG27
    Some or all of the people upstream of you may already have made offers and had them accepted. It doesn't have to ripple up in the way you suggest. And some buyers/sellers may drop in and out and be replaced by others.

    And there's a 1 in 3 chance it will fall apart
    Last edited by AnotherJoe; 10-04-2018 at 3:51 PM.
    • ric1982
    • By ric1982 17th Apr 18, 9:59 AM
    • 103 Posts
    • 19 Thanks
    ric1982
    • #9
    • 17th Apr 18, 9:59 AM
    • #9
    • 17th Apr 18, 9:59 AM
    Thanks for this thread ric1982.
    We're just about the put our house on the market. First time selling and buying.
    Last time we were FTB with no onward chain as our vendors were moving into rented.
    We're planning on being in the next house for quite some time and have quite a long wish list. There's not too much coming up which meets our criteria at the moment. I know there will have to be some compromise but it could be a long search. I just hope it all works out!
    Originally posted by s_glover
    True its agonising process, the wait and all the uncertainty so I thought its good idea to start this thread. There is no right or wrong answer to how long would/have to you wait. But it does gives you some idea.

    Hope people will use this thread to share their timelines/experiences.
    • s_glover
    • By s_glover 24th Apr 18, 11:27 AM
    • 376 Posts
    • 1,267 Thanks
    s_glover
    ric1982 have you made any further progress since first posting this?
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