How to be “chain free”

🏠 When buying or selling a property it can be to your benefit to advertise yourself as chain free.  If you are also lucky enough to have the other half of the sale be chain free this means that the whole transaction is free and independent of any other transactions. This can happen when a first time buyer is purchasing a new build, or an investor is buying from someone moving into a rental or retirement home.

If you already own a home though, how do you “be come chain free”? 

For many people, you first sell your home and then you find a new one to buy.  This leaves you with a gap in the middle - where do you live between selling your place and buying the next? The solution to consider is splitting your chain, or moving processes, into two or more steps.

1️⃣ You move twice. First into your short term rental and then into your new home.

OR

2️⃣ Setup a lease back.  In a lease back agreement the buyer of your home would buy the house but then lease it back to you until you are ready with a new home to move into.  

⭐Chain free might not be the best option for everyone, but it can give you an advantage when trying to get an offer accepted or in getting the best offer for the sale of your house. Other buyers and sellers will value having a shorter chain as it means the sale is more likely to go through and take less time.