Lost them!! should I sell mine and move to renting so I have no chain to offer the vendor?

[Hong888]

Very gutted. Lost not one but few properties to buyers who have no chain and ready to go. This is a very popular area so competition is v intense.

We have found a buyer on our property and we like to accept the offer. Should I take the risk to move forward with the sales then move to renting? once the "dream" house comes up then we can make the offer they can't refuse with no chain but good deposit? (no gun pointing their head here)

I heard a friend who bought his house, got to the exchanged stage then wait 9 months for the vendor to find his home before they completed. Is that common and do the buyers willing to wait that long?

Bump. Has anyone done this to secure their future dream house?

Yes, we did. But in Scotland you just have to - we don't do chains (thankfully).

We accepted an offer on ours before we found a house to buy. Only way to be taken seriously as a buyer in London. You can accept the offer but make it clear you haven't found anywhere yet. Then the buyer knows where they are. It's up to them if they'll wait.

Yes, at a min, we have to accept our offer first and the buyer confirmed that he is willing to wait. It is quite scary to make the move of sell and rent. Considering the price is going up every month in London and without knowing when the next property will come up, this move carries quite a bit of risk. Then there is the question of whether we should move to short let or 1y contract renting.

poster Isitmylibrarybook - EA said the vendor really want to move forward quickly so prefer chain free buyer rather than me. The vendor has to put down an offer for their next property as well. Does a chain of 3 properties make so much difference to 2 properties? I know the offer of the no chain buyer is lower but I don't know the figure.

We preferred no chain buyers when buying, and went into rented to buy. We relocated though so a bit different. I was so glad not to be in a chain for either sale or purchase. There was enough faffing as it was!

Once we offered on a house where owners had yet to find somewhere. They took an age and we needed to move so we pulled out.

First bit should read when selling sorry.

I would be tempted to go into rented in case there is a flop in the market and you cant find another buyer. A bird in the hand and all that!

If you're in London or home counties I think the market is stagnating so I would sell and rent something as small as possible whilst looking - of course you may find something that hits the spot in a couple of weeks and be able to buy & sell simultaneously, that is what has happened to us.

We are relocating so had secured a rental and the same weekend we received an offer we also found something that we offered on so hoping to buy & sell simultaneously we are still stuck with the rented but we are going live in it whilst we crack on and do up the one we are buying.