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Original poster

'no onward chain'

15 replies

HamAndPlaques · 18/06/2014 12:17

Our house is on the market in readiness for a relocation and we have decided to rent at first in the new area, so we are selling with no onward chain.

How attractive is this to a buyer? Would you recommend having it added to our marketing materials? I am torn - it always suggests to me that the house has belonged to an older person who's going into care, or that it's a rental property that the LL is offloading, neither of which suggest a family home which has been well looked-after... That said, we are looking for a quick sale.

Thoughts very welcome.

OP posts:
specialsubject · 18/06/2014 12:19

put it on the details and tell your agents to explain. Also make it clear to buyers that you mean it about going into rental and are not going to find a house at the last minute and string them along (had this done to me)

BTW neither of the cases you cite necessarily mean a shabby house.

Original poster
HamAndPlaques · 18/06/2014 13:01

Thanks very much, special. I meant no offence in the examples I gave; I am simply examining my own prejudices in an attempt to second-guess those of our potential buyers.

OP posts:
mrsnec · 18/06/2014 13:17

It's on our details. We thought it would be attractive to buyers as it makes the process quicker.

Our story is that we were moving abroad into inlaws investment property. We were renting it out but but the rental value hardly covered the mortgage and the general maintenance is costing a fortune so when the last tenants moved out we got it back up to speed and put it back on the market.

voiceofgodot · 18/06/2014 13:17

Surely the photos will show that it's a well-loved family home..? I agree that no onward chain is attractive and to be honest (I'm looking to buy and we're in the same area!) if I saw that on the particulars I wouldn't assume anything - unless the photos backed up any thoughts by denoting an elderly person, or a house in bad repair.

I'd get it put in the details but without any explanation. Btw, where are you selling - am looking for a 3bed house in SE5 or 15 or will consider SE22 Wink

Original poster
HamAndPlaques · 18/06/2014 13:30

godot I'd LOVE to sell to a MNer and we're in the right postcode, but we only have two bedrooms!

OP posts:
voiceofgodot · 18/06/2014 13:30
Grin
donteatthehedgehogs · 18/06/2014 13:35

I think its fairly neutral. Yes its a positive but people looking for a family home probably put more stock in the house itself than the status. In the town we're looking at there are 2 no chain properties, one obviously a bit unloved, the other not at all but the one we like best appears to have a horrendous chain (haven't offered yet but nothing to do with the chain). You like what you like.

Bowlersarm · 18/06/2014 13:41

It would be a really positive thing for me, so I'd like it on the details. Along with something like 'well presented in excellent decorative order' to indicate it hasn't been neglected.

BornOfFrustration · 18/06/2014 13:56

It was attractive to me. Then they decided not to move out and we ended up in a chain of 7 with a 90 year old at the top who was doing his own conveyancing. Took bloody months!

vinoandbrie · 18/06/2014 14:13

I'd like to see it noted on the details. Personally I look at photos first then read the blurb, so I'd already know the house was well looked after etc from the photos, and seeing 'no onward chain' would be v attractive.

WaitingForMe · 18/06/2014 15:03

When we bought after renting, we only had viewings at no onward chain properties. We found our dream house so never needed to look at chain houses.

Not being no onward chain is a pretty big compromise for me.

LizLemon · 19/06/2014 21:27

It would be attractive to me, because I've read that the completion rates on chains falls exponentially the more houses are involved, and it already feels like it might never happen before we've even sold ours or had an offer accepted. We considered renting, but we have two cats, one of whom is diabetic, & can't see that going down well with LLs, plus I don't want to move my son twice.

OTOH I know someone who did go into rented and is still there two years later, and may never be able to buy in this area because the prices shot up so much, but if you're relocating this is less of an issue.

ham & godot - I'm in exactly the same area as both of you and have just gone on the market too!

TakingTheStairs · 19/06/2014 21:32

It would be very attractive to me. DH and I pulled out of the purchase of a house after months of no progress from the vendor. She didn't want to sell but I think had to because of divorce, but a that's another story.
We only viewed houses that were chain free after that and we were happy to pay slightly over the odds to secure a chain free house. And it needs huge work too!

Iseenyou · 19/06/2014 21:44

This reply has been deleted

Message withdrawn at poster's request.

UnMasterChef · 19/06/2014 22:15

We sold our last house with no onward chain. On the same day our house and the neighbours house went on the market, the houses were exactly the same design, ours was in a slightly better position. Our house was on for more (not knowing until it was too late they were going on the market), we sold for the full asking price in a week because we had no chain and the buyers needed to move quickly. The other house was on the market for a quite a few weeks. Buyers can decide for themselves about the state of the house

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