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Chains

Chains

This is where there is a whole chain of buyers and sellers: for example, you are buying a house but you can’t complete the purchase until your own house is sold; in turn, the buyer of your house can’t buy until they have sold their own house; and so on and so forth. If you are part of a chain, your own purchase may be affected if someone a few links down the line pulls out of their sale or purchase, or if someone else is gazumped. If you are not part of a chain, this could encourage a seller to accept your offer over someone else’s as there is less risk of the sale being delayed.