Terraced House in Chard Purchased in 14 Days
|Property Type||Condition||Reason For Sale||Completion|
|Terraced House||Excellent Condition||Broken Chain||14 Days|
This was a five property chain. The vendor’s Chard estate agent had failed to ask key questions of the buyer in relation to their buying position and how fast they could or even wanted to move. They also had neglected to check the buyer had a mortgage AIP (agreement in principle). The sale was delayed and pressure was applied to all buyers and sellers down the chain.
When forced, the estate agent pushed the buyer and discovered they were still saving for a mortgage deposit and even worse, they were in rented accommodation and hadn’t even served their 8 week notice to leave. Our seller was at risk of causing the whole chain to collapse and they would lose their dream home, not to mention the thousand of pounds lost in mortgage fees, surveys and legal costs.
365 Property Buyer stepped in being recommended as quick sale buyers, who had bought fast for cash in Chard before and agreed to buy the property. We offered an immediate exchange of contracts and delayed the completion to meet the needs of the chain.The sellers thought all was lost (including all their incurred costs), we even surprised their solicitors in our ability to buy fast and offer flexibility over completion dates.
Mortgage offer in principle
A mortgage offer in principle,also known as a ‘Decision in Principle’ (DIP), or an ‘Agreement in Principle’ (AIP),is a certificate or statement from a lender to say that ‘in principle’ they would lend a certain amount to a particular borrower or borrowers based on some basic financial information. It should not be confused with a mortgage offer which is a formal offer to lend against a particular property.
Sell Your Chard Property Quickly
We are a UK Property Buying Company that purchases property quickly, we also make the process of selling your home to 365 Property Buyer very straightforward & our current average completion time for any type of property (not just Terraced House's) is 15 days.