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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?

  • 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

  • there are provisions to exit if the house has termites or is falling down.

    US has similar provisions. You put earnest money down early on, then you pass through a few checkpoints in the process that allow you back out of the sale and recover the earnest money.

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