Quote:
Originally Posted by Quantum Bauble
(Post 11591242)
There are still ways it can collapse I believe, just not for "random reasons", there would have to be major mitigating circumstances not just a buyer/seller having a change of heart.
We're in a good position though because we have large deposit, relatively high household income and in very stable employment, and no chain "below" so we don't have to worry about selling... just the buying. Ideally if we find a property that also isn't in a chain, that massively simplifies the process (and also makes us attractive buyers to the seller, our funds are good to go, not dependent on any other buyer).
Less than one in ten chains fail in Scotland though, apparently in England it's like 25% which is insane.
|
…yeah, the falling through is such a worry, especially with larger chains in the process so more possibilities for going wrong…so it’s kind of like, no breaths taken until contracts have been exchanged …you’re in a great position, we moved last summer and the market hadn’t been great but we were very fortunate in every way/Lady Luck was with us… it you’d be a seller’s dream buyer, I would think…which obviously makes it a very flexible market open for you getting a great buy/getting an excellent deal… |
