Chain
- The number of buyers and sellers in a series of property transactions or sales is called a property chain.
- Ideally the shorter the chain the quicker the sale, and the converse. The risk of the chain collapsing increases with each additional property involved.
- If just one buyer or seller has a change of mind the whole chain collapses with no one able to buy or sell.
See also
Published: 21 October 2013 Last Updated: 24 November 2021