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Buyers want me to show tenants round

Hi

I have accepted an offer on my house and the buyers are going to rent it out. They want to bring round prospective tenants to look at the property next week, while we are still here. I'm not too happy with having yet more people coming into my home, especially when it's really not going to benefit me.

I told the EA that it was inconvenient and that i felt it should be the buyers responsibility to get tenants when they actually own the house and was told their response was that if we didn't agree to this, it would jeopardise the sale.

So, i felt a bit backed into a corner as i can't stand the thought of it falling through and agreed, but i'm really furious and just wondered if anyone else has encountered anything like this?

Cheers
«1345

Comments

  • armarda
    armarda Posts: 26 Forumite
    Why not say that you're not happy with doing this until you have exchanged contracts - until you do this you have no certainty. After that you could agree to say a couple of slots for people to come around it but that the estate agency does the actual showing around.
  • silvercar
    silvercar Posts: 49,655 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    I think its perfectly reasonable, provided they give you notice.

    If they were buying your house to live in they would probably want more visits to measure up or show family.
    I'm not too happy with having yet more people coming into my home, especially when it's really not going to benefit me.

    It is benefitting you- they are buying your home.
    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.
  • Mikeyorks
    Mikeyorks Posts: 10,377 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    The response above is spot on. It is benefitting you in that it is facilitating the sale.

    My last purchaser turned up on 5 occasions with different members of the family! Began to think they were digging them up - towards the end;)
    If you want to test the depth of the water .........don't use both feet !
  • gringo80
    gringo80 Posts: 28 Forumite
    I know it sounds as though i'm being awkard - i just feel really uncomfortable with strangers coming into my house. They have already been round 3 times for different reasons and we've been really accommodating. They asked us to raise the asking price officially, even though we'd only get the same amount from them. This was to help them get more money from the mortgage company, so that they would have some ley way for a couple of months while getting tenants in.

    Suppose i'm just a bit annoyed at the unltimatum when we've been so co-operative with everything else!
  • Tomthumb
    Tomthumb Posts: 1,102 Forumite
    It sounds like a bit of a cheek if you ask me, I agree with your original post. But I guess you need to just grin and bear it to avoid any problems with the sale.
  • kit
    kit Posts: 1,678 Forumite
    I would tell them that you are willing to do this AFTER exchange has taken place.

    We get this happen a lot at work (estate/letting agent). We make sure that we only take a few people round, we vet them first to make sure they are really interested in renting it so that we dont waste everyones time and we try to do it in only 1 or 2 visits.
    2012 wins approx £11,000 including 5k to spend on a holiday :j
  • clutton_2
    clutton_2 Posts: 11,149 Forumite
    """They asked us to raise the asking price officially, even though we'd only get the same amount from them. This was to help them get more money from the mortgage company, so that they would have some ley way for a couple of months while getting tenants in"""

    sounds like they want their cake and eat it as well to me !! - if you have agreed to this Price-raising (and what does your solicitor say about this) - then you have already assisted them to get more "ley way" for a couple of months during which they will be able to find tenants, AND have extra fundsl

    Why not tell a porky and pretend to be on holiday till contracts are exchanged ???? (bit naughty i know ,mmmmmm !)
  • Tassotti
    Tassotti Posts: 1,492 Forumite
    gringo80 wrote:
    I know it sounds as though i'm being awkard - i just feel really uncomfortable with strangers coming into my house. They have already been round 3 times for different reasons and we've been really accommodating. They asked us to raise the asking price officially, even though we'd only get the same amount from them. This was to help them get more money from the mortgage company, so that they would have some ley way for a couple of months while getting tenants in.

    Suppose i'm just a bit annoyed at the unltimatum when we've been so co-operative with everything else!

    I hope you didn't agree to artificially raise the price. This is blatant mortgage fraud, and you and your buyers could get in serious trouble for this.
  • lister
    lister Posts: 239 Forumite
    Tassotti wrote:
    I hope you didn't agree to artificially raise the price. This is blatant mortgage fraud, and you and your buyers could get in serious trouble for this.

    Agreed. This makes the OP an accessory to fraud and potentially liable to prosecution. Not a clever position to be in when mortgage lenders are starting to get just a little bit more edgy about these things.
  • silvercar
    silvercar Posts: 49,655 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    """They asked us to raise the asking price officially, even though we'd only get the same amount from them. This was to help them get more money from the mortgage company, so that they would have some ley way for a couple of months while getting tenants in"""

    There are legal ways of doing this (developers do it all the time). According to the "buy-to-let bible" you raise the price by say £3,000 and offer a £3,000 cashback on completion. All legal and above board. BTL mortgages are generally restricted to 85% of value, so with a higher value the buyer can borrow more.
    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.
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