Property Chain
A property chain is a series of linked home purchases where each sale depends on another completing.
1 min read Buying a Home
What it means
A property chain is a series of linked home purchases where each sale depends on another completing. If one purchase is delayed or falls through, it can affect everyone else in the chain.
Example
You're buying from someone who is selling their home to buy another home. Their purchase is delayed, so makes yours delayed too.
Why it matters
Property chains are one of the main reasons home purchases take longer than expected.
Not every property purchase involves a chain. Many new-build homes are chain-free.
What does chain-free mean?
It means the purchase isn't dependent on another property transaction.