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I’m very interested in understanding how chains don’t exist in USA/Aus/Canada. Surely people need to sell in order to buy ie a chain?
Ben689908-
There are conditional sales in Can although they aren’t that common, but there is enough looseness in the market that it usually works out ie you can walk and chew at the same time and end up buying/selling a house within a few weeks.
There are bridging loans in the US for sure designed to make this all work.
In Aus, you can effectively close after winning the auction, although then there are provisions to exit if the house has termites or is falling down. What I forgot to specify in the previous rant was I meant England only, Scotland seems to have its shit together
alhaaa
The system in this country is absolutely cooked.
So many easy improvements to be done. No clue why the seller wouldn't have the info in the search pack ready to go when they advertise the house (asked people why, 'er dunno mate it's just done that way'...). Antagonism is built into the system because it is non-binding up until exchange so you have to trust people. Obviously you can't trust people so why even pretend? Require a deposit immediately after an offer is accepted. Der. Chains don't exist in USA/Canada/Aus because the process is so much easier.
Even ignoring the feudal leasehold shit it's just classic everyone-needs-a-taste middleman timewasting crap.
First world problems but buying a place here has been one of the most eye-opening, why do I live in this country-type experiences I've had, and I've tangoed with the Home Office a few times now.