Real Estate - Real Estate Investment

This is a very common scenario faced by many buyers and sellers who
are stuck in a chain. If you are in a house chain and if any part of
that chain is broken, your sale will fall through and you need to start
again.

If your situation calls for an urgent sale of your property, then to
sell again through an estate agent could take a minimum of 6 months or
so. There are just too many uncertainties as to how long it would take
before you might get an offer. You might have got an offer already but
what you have to remember is that an offer is not a guaranteed sale.
Anyone can put an offer on a property and it is often the case that a
prospective home buyer has not even filled in an application form for a
mortgage yet, let alone being in a position to proceed quickly.
Applying for a mortgage takes time and there is no guarantee that the
application is successful.

So what happens at a critical moment just before you exchange
contracts if one of the parties in the chain gets into trouble? The
chain will break and your sale will fall through. What do you do now?
Put it back on the market and start all over again or get an expensive
bridging loan so that you can move into that dream home? The surest way
to sell your house quickly is to sell it for cash.