Split chains can add complexity to property transactions, leading to delays and fall-throughs if not managed properly. We're excited to announce that ViewMyChain is the first PropTech solution that enables estate agents to easily identify, track, and manage split chains right from our cutting-edge platform.
Split chains often catch agents by surprise later in the transaction process. Without visibility into the full chain, it's difficult to anticipate issues caused by onward purchases or related sales. Lack of information leads to reactionary management, resulting in transaction delays, fall-throughs, and unhappy clients.
Specifically, split chains can cause:
- Delayed exchange and completion dates due to dependencies between sales
- Increased fall-through risks if any link in the chain falls through
- Difficulty keeping all parties updated on changing timelines
- Unrealistic expectations around timing for buyers and sellers
- Repeated contract renegotiations as new information comes to light
ViewMyChain is the first PropTech tool designed to help estate agents proactively manage the unique challenges of split chains.
With ViewMyChain, you get complete visibility into all links in a chain, even when onward or related property purchases are involved. Our intuitive chain diagrams let you see the full picture at a glance.
In addition, ViewMyChain provides real-time progress updates and milestone alerts on all chains and their component parts. So, you can stay on top of developments and anticipate potential issues before they delay transactions or lead to fall-throughs.
Key benefits of split chain management with ViewMyChain:
- See the entire chain, including related purchases, using chain view
- Receive automatic alerts for delays, fall-throughs, or milestones reached
- Prioritise and manage workflow based on real-time chain status
- Identify priority cases needing attention
- Address potential problems early to minimise delays
- Improve client satisfaction with timely communication
- Reduce fall-throughs for greater return on sales agreed
- Use ViewMyChain at offer stage to best understand the current position of your buyer, avoid any nasty surprises and make the best recommendations to your clients – get each deal off to the best start reducing the risk of a fall through in those early stages of the transaction.
With ViewMyChain's unmatched visibility into split chains, estate agents can speed up transactions, delight customers, and maximise commission. Our platform simplifies chain management so you can focus on winning more business.
Book a demo today to learn more about how ViewMyChain can revolutionise split chain management for your agency.
