Selling - remarket or not?

joflo_2 · 6 July 2010 at 12:50PM

House on market for two months. 2 or 3 viewings a week, couple of offers from people also selling houses, so put on the wait till you sell pile.

Offer came in 35k under the selling price, bumped up to 20k more. Accepted offer, person was putting in mortgage through a broker that day, has a 25% deposit, so approx 50k ish. I thought that was a good sign.

Person buying doesn't speak English well, so the EA has said there is sometimes problems in communication.

Four weeks on, the mortgage company asked about two weeks ago for two extra payslips, they had only given in one.

So far the buyer has not sent in anything.

Q. At what point would you start making waves and consider re-marketing.

n.b. I need to move at the end of august, I have a work move 200 miles away and have a deadline of 29th August and will need to rent my house if it doesn't sell.

PasturesNew · 6 July 2010 at 12:57PM

I'd have not taken it off the market in the first place. I had a sale fall through, followed immediately by a successful completion. At no time did I take it off the market, I simply said I would not be allowing gazumping to occur and that any viewings/offers would be treated in a 'queue' in case the buyer failed to complete. It also concentrates the mind of the buyer because, while they believe you a bit, they don't really sleep that well..... just in case.

Doozergirl · 6 July 2010 at 1:09PM

Remarket now. You don't have to drop the buyer but it would be wise to be advertising again. It doesn't take much effort to produce a payslip, that is if you have one! If there is this much delyover a payslip, you can imagine what else will ensue...

sonastin · 6 July 2010 at 1:15PM

If it goes back on the market, it might make the buyer realise they have to actually pull their finger out and do something in order to purchase your house - not just make an offer and then sit and wait!

Gwhiz · 6 July 2010 at 1:24PM

I've never taken a property off the market until exchange. I've always told the buyer I will honor their purchase but that until echange anything could happen so I need to keep others on the back burner just in case.