Had offer accepted on a house, but they wont take off the market

dirtbag1981

Hi ppl, myself and my girlfriend a month back had put an offer on a house which was accepted , but the vendors estate agent said that they will not take off of the market because the house has been on for 2 years, and to take it off and to put back on will cost the vendor money EPC ?,or until we have sold our house (which is curently on the market)

We have had many views on ours, and we were close to getting an offer, but the potential buyer pulled out their interest.

Whilst the other house is on the market, it is still having viewings which is worrying us, and we had a call today asking if we are still interested as it has another interested party.

Is their any way we could get the vendor to take the house off of the market ?

I have considered offering a small conditional deposit for the vendor to take it off and if we were to pull out (which we won't) then he can keep the deposit, and upon completion we get it back ?

I know we shouldnt full in love with a house, but we have looked at many for months, on the net as well, and none , absolutly none come within touiching distance of this house, so we do not want to lose it.


Any info is apreciated please, and thanked in advance

DB

Milliewilly

dirtbag1981 wrote: »

Hi ppl, myself and my girlfriend a month back had put an offer on a house which was accepted , but the vendors estate agent said that they will not take off of the market because the house has been on for 2 years, and to take it off and to put back on will cost the vendor money EPC ?,or until we have sold our house (which is curently on the market)

We have had many views on ours, and we were close to getting an offer, but the potential buyer pulled out their interest.

Whilst the other house is on the market, it is still having viewings which is worrying us, and we had a call today asking if we are still interested as it has another interested party.

Is their any way we could get the vendor to take the house off of the market ?

I have considered offering a small conditional deposit for the vendor to take it off and if we were to pull out (which we won't) then he can keep the deposit, and upon completion we get it back ?

I know we shouldnt full in love with a house, but we have looked at many for months, on the net as well, and none , absolutly none come within touiching distance of this house, so we do not want to lose it.


Any info is apreciated please, and thanked in advance

DB

Until yours is under offer I cannot see anything wrong with the Vendor keeping theirs on the market. I personally would only accept an offer with circumstances such as yours on the condition that my house would remain on the market - there is no guarantee yours will sell and then what the lower chain may be.

dirtbag1981

Milliewilly wrote: »

Until yours is under offer I cannot see anything wrong with the Vendor keeping theirs on the market. I personally would only accept an offer with circumstances such as yours on the condition that my house would remain on the market - there is no guarantee yours will sell and then what the lower chain may be.

Thanks for the reply, do you think offering a deposit is crazy, and is it known for buyers to do this ?

glenstan

Our last property was on the market for a month when we recieved an offer for full asking price, 3 months later nothing was happening and we had no further interest. My dd ran into an old schoolfriend who asked if we had moved yet, she apparently had rung estate agent twice and asked to come and view our property , the estate agent turned her down saying there was serious offer put in and that no point in coming to view. Cut a long story short DDs friend came, saw, put offer in for £100 more, estate agent phoned first offer and they said, we are thinking of taking our house off market because of lack of interest, they had told estate agent they would be paying cash for ours, omitted to say no cash until they had sold theirs. The second offer was taken through to completion in about 6 weeks . We gave the young couple their £100 back as a moving in present. Think you offering to put a deposit down is a waste of time, it just keeps others hanging on, "close to getting an offer" is not good enough to the person stuck in the chain.

stjohnsmythe

I find the best practice when selling a property is to leave it on the market till the survey is booked/done. Then you know the buyer is serious.

Edited to add - I didn't read the post fully. So you don't even have an offer on your house and are making offers on others? No wonder they won't take their property off the market, would you in the same situation?

PasturesNew

You are not in a position to buy the house, so they'd be absolute loonies to take their house off the market for you.

Offering them a deposit is inappropriate and ill-advised ... you still won't have sold your house. What if your house stays unsold for 2 years?

Just concentrate on getting your house sold ... then worry about whether the house you're after has been sold to somebody else.

cavework

OP you are not in a position to buy or to make demands on the vendors.
Sorry but until you have the cash avaliable its probably not a good idea to make offers on other properties.
Just my opinion as a seller.

Milliewilly

dirtbag1981 wrote: »

Thanks for the reply, do you think offering a deposit is crazy, and is it known for buyers to do this ?

Its a difficult one - It puts you both in an awkward position because although your motives are genuine you simply aren't in control of the situation unless you can bridge to complete the sale or forefit your deposit - after all there will have to be a timescale put on the deal and it would have to be a hefty deposit for me to take a buyer seriously. You could comission your own survey and place a deposit after that providing you are confident you have enough equity to be certain the lender will value the house OK.

It sounds like the house possibly has someone else after it though (interesting after 2 years on the market with nothing :think: ) so you may be beaten to it anyway. Contrary to a lot of doom mongers out there desirable well priced property is still selling fast and often going to sealed bids.

not_loaded

As you’re not proceedable I’m surprised they would even have accepted your offer. Have they just said the offer is/would be acceptable? I think that’s more likely.

stjohnsmythe wrote: »

I find the best practice when selling a property is to leave it on the market till the survey is booked/done. Then you know the buyer is serious.
Edited to add - I didn't read the post fully. So you don't even have an offer on your house and are making offers on others? No wonder they won't take their property off the market, would you in the same situation?

I said just this in various clarifying ways on the below thread over the weekend, and got torn to pieces by various ‘buyers’.

http://forums.moneysavingexpert.com/showthread.html?t=2273731

I still believe it’s the right way to handle an offer though. An agent I talked to yesterday told me he had a viewer currently offering on four properties, a sort of house roulette, playing them off against each other…

mossymoss

I can see this from both yours and the sellers points of view. This house has been on the market for 2 years and you still have not sold yours. What if it takes you 2 years to sell yours? Its not really feasible to expect them to wait until you sell yours as this may not happen for a long time particularly in this market and giving them a deposit will not change this. In your mind its your dream home and you dont want to loose it but you can also think if it doesnt work out its not meant to be and anothe house could come alonmg that is more perfect than this one?!? I hope it works out for you though.. house buying has to be the most stressfull thing ever :eek:

dirtbag1981 wrote: »

Hi ppl, myself and my girlfriend a month back had put an offer on a house which was accepted , but the vendors estate agent said that they will not take off of the market because the house has been on for 2 years, and to take it off and to put back on will cost the vendor money EPC ?,or until we have sold our house (which is curently on the market)

We have had many views on ours, and we were close to getting an offer, but the potential buyer pulled out their interest.

Whilst the other house is on the market, it is still having viewings which is worrying us, and we had a call today asking if we are still interested as it has another interested party.

Is their any way we could get the vendor to take the house off of the market ?

I have considered offering a small conditional deposit for the vendor to take it off and if we were to pull out (which we won't) then he can keep the deposit, and upon completion we get it back ?

I know we shouldnt full in love with a house, but we have looked at many for months, on the net as well, and none , absolutly none come within touiching distance of this house, so we do not want to lose it.


Any info is apreciated please, and thanked in advance

DB

Milliewilly

not_loaded wrote: »

As you’re not proceedable I’m surprised they would even have accepted your offer. Have they just said the offer is/would be acceptable? I think that’s more likely.

I said just this in various clarifying ways on the below thread over the weekend, and got torn to pieces by various ‘buyers’.

http://forums.moneysavingexpert.com/showthread.html?t=2273731

I still believe it’s the right way to handle an offer though. An agent I talked to yesterday told me he had a viewer currently offering on four properties, a sort of house roulette, playing them off against each other…

I agree - I took mine off the market at the request of the buyers who were in rented, mortgage sorted and ready to go. A month later still no survey (because they hadn't actually got a mortgage but needed to apply for one) then a week after survey they pull out then come back negotiating on price (I agreed) then decide they are buying another house instead - I had then lost September and October last year then into the doldrums of Xmas.