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Advice on offering / buying a house

Smithyp1
Posts: 22 Forumite

We currently have 2 properties for sale, both have been on the market just over a week, the one has had 2 viewings but none on the other.
The problem we have is that we have found our dream home, which the seller is in no rush to sell but obviously we are in a difficult situation regarding doing anything about it.
So, is there anything legally binding or anything that can be done so that we can secure that house?
We need the money from both our properties to fund the new house just to add.
Any advice or is it just a keep fingers crossed job? !!!!
The problem we have is that we have found our dream home, which the seller is in no rush to sell but obviously we are in a difficult situation regarding doing anything about it.
So, is there anything legally binding or anything that can be done so that we can secure that house?
We need the money from both our properties to fund the new house just to add.
Any advice or is it just a keep fingers crossed job? !!!!
0
Comments
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Sell your two houses.
Probably by lowering the price. A lot. On both.0 -
Having a firm target property means you can plan your budget better than when you were 'just looking'.
You presumably know what you need to get from the two sales to be able fund the new place, and while some excess/leeway would be nice, there is little point trying to wait hopefully for too much, if it risks you losing a place you view as your "dream home".
If this gives you the ability to focus price reductions on the two places you need to sell, this will gain attention in itself.
In addition, get the EA to change the description to "motivated seller" etc.
Keep the vendor informed of how keen you are.
A holding deposit may give the vendor comfort. Although you'd need to be clear about the terms under which you can get it back, if its not your fault the deal falls through, for example. Your solicitor should be able to advise on the wording.0
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