02/11/2022
๐๐ผ๐ ๐๐ผ ๐๐ฎ๐ป๐ฑ๐น๐ฒ ๐ฃ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ ๐๐ต๐ฎ๐ถ๐ป ๐จ๐ป๐ฐ๐ฒ๐ฟ๐๐ฎ๐ถ๐ป๐๐ ๐ถ๐ป ๐ ๐ฎ๐ด๐ต๐๐น๐น & ๐๐๐ฑ๐ถ๐ฎ๐๐ฒ
The economic events of recent months have prompted plenty of to-ing and fro-ing in the housing market.
While some buyers and sellers in Maghull & Lydiate have paused to consider their situations, others have put their foot on the gas to get deals swiftly across the line.
While this flurry of activity may be making headlines in national newspapers, itโs important to remember that property chain uncertainty is nothing new. Over the past few years, the average number of sales falling through before completion has hovered around the 30% mark.
Chains can come under pressure for various reasons, such as issues raised in the survey, one party having second thoughts or a change in circumstances (for example, divorce or bereavement).
The best strategy to keep your chain moving is to use an experienced agent (now is not the time to be taking the do-it-yourself route or relying on a chancer who is new to the game).
A good agent will have coaxed hundreds of chains over the line in good times and challenging ones.
A good agent:
โข Communicates with the right people to keep the sale moving forward. Given the current mood in the market, you must know where everyone stands. Radio silence is never a good thing.
โข Thinks laterally and makes constructive suggestions to help overcome issues slowing down the transaction.
โข Is a savvy negotiator.
โข Doesnโt shy away from difficult conversations and is able to speak candidly.
โข Has a back-up plan if things change.
๐๐ผ๐ปโ๐ ๐ฝ๐ฎ๐ป๐ถ๐ฐ
One of the most frustrating things about being part of a chain is that youโre relying on other people โ over whom you have little influence โ to get their act together.
The best way through is to focus on what is within your control. As well as choosing a good agent, itโs important to:
โข Be organised. If youโre asked to provide information or paperwork, reply promptly.
โข Have realistic expectations.
โข Stay level-headed.
Here at The Good Estate Agent, weโre doing everything we can to keep deals going through. If you need advice or feel worried about your situation, get in touch. Weโd be happy to speak with you.