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Who do we sell to?
nickinoo
Posts: 617 Forumite
Appologies for yet another query from myself on these boards 
Anyway our house went on the market yesterday we had 5 viewings today & 2 offers! We have got 1st time buyers willing to pay the asking price & they have 5% deposit & a mortgage agreement in principle & we also have a couple who will effectively be cash buyers upon completion on their current property in about 3 weeks time & they are willing to pay us 2.5k over the asking price.
The big problem we have got is we are buying through the George Wimpey Easymover scheme & they are paying our estate agent fees, legal fees, mortgage fees etc. They want everything done ASAP & the reason the house has had so much interest is it's been sold for a silly price (luckily they have reduced our new house price to make up the shortfall).
How do we decided who to sell to?
Any advice welcome.
Anyway our house went on the market yesterday we had 5 viewings today & 2 offers! We have got 1st time buyers willing to pay the asking price & they have 5% deposit & a mortgage agreement in principle & we also have a couple who will effectively be cash buyers upon completion on their current property in about 3 weeks time & they are willing to pay us 2.5k over the asking price.
The big problem we have got is we are buying through the George Wimpey Easymover scheme & they are paying our estate agent fees, legal fees, mortgage fees etc. They want everything done ASAP & the reason the house has had so much interest is it's been sold for a silly price (luckily they have reduced our new house price to make up the shortfall).
How do we decided who to sell to?
Any advice welcome.
0
Comments
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we also have a couple who will effectively be cash buyers upon completion on their current property in about 3 weeks time & they are willing to pay us 2.5k over the asking price.
If they have already exchanged then they are effectively cash buyers and you should bite their hand off if they will pay you an extra £2.5k. If they are completing in three weeks that should not delay your sale in any way.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
silvercar wrote:If they have already exchanged then they are effectively cash buyers and you should bite their hand off if they will pay you an extra £2.5k. If they are completing in three weeks that should not delay your sale in any way.
Well that's what we think to be honest & the extra money is a huge bonus.0 -
Nickinoo
Check that they HAVE exchanged contracts - it sounds vague enough for them not to have done yet!
If they think they will complete in 3 weeks I reckon they haven't so go with the FTB - I had a buyer who had 'sold' their house and they hadn't exchanged and it all fell through - be careful!
Mark0 -
rsvtoddy wrote:Nickinoo
Check that they HAVE exchanged contracts - it sounds vague enough for them not to have done yet!
If they think they will complete in 3 weeks I reckon they haven't so go with the FTB - I had a buyer who had 'sold' their house and they hadn't exchanged and it all fell through - be careful!
Mark
If they have exchanged there shouldn't be a problem should there? It's all so confusing.0 -
If they have exchanged, you shouldn't have a problem, its rare for things to go wrong after exchange. You need to find out how long the chain is behind them & exactly how advanced it is before making a decision. If everybody in their chain has had surveys done & some have morgage offers issued & searches applied for or back then they are in a good position. If surveys haven't been done on one or more links in the chain then they are in the same position as the FTB's, they can only move as quick as the slowest link.0
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I'd go with the first time buyers - they appear to be in a position to move now.
As far as the buyers who say they've exchanged you might want to get your solicitor to ask there's for confirmation of this.0
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