How do you fix a broken property chain?

A broken property chain can feel like a massive setback, causing stress and potential strain. However, it doesn’t have to mean the end of your plans. Whether you’re selling a home to move up the property ladder or looking to downsize, fixing a broken chain is essential to keep things moving.

Your options largely depend on your priorities: Do you want to relist your home and  aim for full market value, or are you looking for a fast, reliable sale that eliminates uncertainty? Each approach has its own advantages and challenges, but understanding your choices is key to finding the right solution.

On this page, we’ll explore how you can fix a broken chain, and which is best for you. If you are looking to keep your sale moving positively forward, keep in mind that we are one of the UK’s leading cash house buyers, and we can buy your property in as little as 7 days. This means, we can tailor the process completely to you and get you that sale you need.

What are your options to fix a broken chain?

Dealing with a broken property chain can be immensely frustrating, but it’s not the end of the road. Your main option is to relist the property, but this decision comes with additional considerations. Should you stick with your current estate agent, switch to a new one, or explore alternative selling methods to find a new buyer?

To guide you through this broken chain, we’ve outlined the two safest and most effective options to fix your property chain below:

Switch estate agents

If you decide to keep selling your house on the open market for full market value, switching estate agents can make a big difference. Relisting with the same agent could leave your house stuck in a cycle of reduced interest, potentially stigmatising it in the eyes of buyers.

By choosing a new estate agent, you could benefit from fresh enthusiasm and a revamped marketing approach, along with access to a different pool of potential buyers who may be eager to take on your home.

Find a cash buyer

Alternatively, if waiting 3 to 6 months to remarket your home and find a new buyer isn’t an option, a cash house buying service like The Property Buying Company could be the best solution.

We can buy your house in as little as 7 days, with most customers opting for a 2 to 3 week timeline. Our service is fully tailored to your needs, allowing you to move as quickly or as slowly as you prefer. 

Plus, our customers love that we cover all legal and selling fees, meaning you won’t pay a penny at the end of the process — unlike those pesky estate agent fees!

Why should you try to fix a broken chain?

When a house sale falls through, the financial impact can be significant. The average homeowner faces costs of around £2,527 in estate agent fees, solicitor disbursements, survey costs, and mortgage valuation fees. These expenses often need to be covered out of pocket, as no equity has been released from the sale.

If your failed house sale caused a chain to collapse, the ripple effect likely extends to everyone else involved. This creates a shared urgency to get properties sold so that each party can move forward with their onward purchases. However, if an agreement can’t be reached with the other parties in the chain, it’s important to find an alternative solution and find a new buyer for your home.

Keep in mind that buyers who aren’t part of a chain usually complete transactions much faster, as there’s no risk of delays caused by other sales falling through. That’s why choosing a cash buyer is often the best option for quickly and effectively fixing a broken chain.

How can The Property Buying Company help?

No matter where your house is located in England or Wales, we’re happy to buy it. As the saying goes, we’ll buy any house, in any location, and in any condition. Better yet, we cover all your legal and selling fees, completing the entire process in as little as 7 days.

Unlike estate agents, we don’t rely on marketing your house or waiting for lengthy mortgage approvals. With a multi million pound cash reserve, we’re ready to buy your home whenever you’re ready to sell – offering you a hassle-free, fast and reliable solution.

How do you keep a chain moving?

To keep your property chain moving forwards, you should consider using The Property Buying Company to drive your sale. We will buy your property directly from you, for cash, on a timescale that completely suits you and the property chain. 

Our team of progressors have worked in the property industry for quite some time, and have the experience needed to make sure your house sale meets the deadlines it needs to.

Here is how our chain repair service works:

Why cash buyers are the best solution for broken chains

If you’re looking to fix a broken chain, your priorities are likely to secure a quick, reliable sale with minimal risk of the transaction falling through again. This is precisely why mortgage buyers, property auctions, investors, and first-time buyers are often not the best solution.

Mortgage buyers rely on lenders for funding, which can lead to long delays due to lengthy application and approval processes. This dependence on external financing can be particularly risky in a chain, where time is critical. If the buyer’s financial circumstances change or the property doesn’t meet the lender’s criteria, the mortgage may be declined, causing further delays or even jeopardising the sale altogether.

Property auctions are another option, but they come with their own set of challenges. Auctions often result in lower than expected sale prices, which may not meet your financial needs – especially if you depend on the proceeds to move forward in the chain. Additionally, preparing for an auction can take weeks, delaying the resolution of your chain issues. Even worse, if the property doesn’t meet the reserve price, it won’t sell, leaving you back at square one.

First-time buyers may seem appealing, but they can introduce further complications. They often require more guidance throughout the process, which can slow down your sale. Like other mortgage buyers, they depend on lenders, bringing similar risks of delays or rejection. Moreover, first-time buyers can be prone to hesitation or delay due to their lack of experience and understanding of the property purchasing process.

This is why cash house buying companies, like The Property Buying Company are your best solution. We can buy your house much faster than other buyers because we don’t rely on mortgages or external finances. With a 99% sale guarantee, we significantly reduce the risk of the transaction falling through, giving you the certainty and speed you need to fix your broken chain.

When time and reliability matter most, choosing The Property Buying Company is the clear and effective choice. Get started today…