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Buyer pulled out

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Comments

  • LadyC
    LadyC Posts: 40 Forumite
    DVardysShadow - that is a good point about telling vendor whilst expressing our intention to instruct the survey if they are happy to carry on with our offer as it stands. We are being up front then but won't lose out on the survey money if they tell us they don't want to proceed while our situation looks rocky. Thanks for that - will disucss with 'him indoors' tonight.

    Our (ex)buyers did have a mortgage agreed in principle, we certainly wouldn't have removed from the market without knowing this. I think so long as prospective buyers know we are not keeping it on the market to try to get a better offer, they would be happy to go ahead with the purchase. If they are serious about it, it doesn't take any time to instruct a solicitor and order a survey, so they will just be putting their money where their mouth is.

    We felt we hadn't been greedy with what we asked for in the first place, and the buyer had offered a fair price, and indeed was just about enough to buy and renovate the place we want to buy so we weren't looking to get loads more out of anyone else. Whether or not another buyer will believe that we have scruples remains to be seen!

    Another downside of today is that the agent seems to be being a bit elusive. Having told us they had 'loads' of interest previously, it seems that no-one is interested a week later. Have asked for a ballpark figure of what 'loads' is, but still waiting for callback. Quel surprise!!

    Cheers all for your advice/opinions.
  • not_loaded
    not_loaded Posts: 1,187
    First Anniversary Combo Breaker
    Forumite
    Hmm… We’ve had three EAs pursuing us for the ‘opportunity’ to sell our house. 4-beds are in short supply round here. They all claim ‘loads’ of buyers ‘queued up’ waiting, I find that hard to believe when they’d only have to view RightMove for 5 minutes to find what there is on the market.

    I sympathise with your predicament, but just stick with it and don’t worry. It’s early in the 2010 season yet. Our viewings are just picking up now after the snow.

    You can’t of course tell viewers you’re honest and have scruples. They’ll just have to pick up on that as they go along. From our point of view, approximately a third of our viewers have clearly been deceptive in one way or another, eg: ‘nothing to sell’ and ‘funds immediately available’.

    We just give them all 100% honesty all along. Deception soon reveals itself. Most of them have dropped themselves in it during the viewing chat.
  • delmar39
    delmar39 Posts: 1,447 Forumite
    edited 26 January 2010 at 1:14PM
    When we sold back in December our EA checked out our buyer via their EA and also checked out the chain. They came back to us saying all was in place, so we accepted and took our property off the market and so far so good. Our buyer said that they'd have a valuation done by a certain time and this is exactly what they did. Your gut feel is usually correct. Just don't take your property off the market until you're as sure as you can be about your buyer.
  • not_loaded
    not_loaded Posts: 1,187
    First Anniversary Combo Breaker
    Forumite
    Which is at exchange of contracts!
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