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Who do we sell to?

In July we sold our house in two weeks to a couple from Scotland. They told us they had already "sold" their house. We agreed a price as long as exchange was within 4 weeks as we didn't want to loose the house we were trying to buy and we had had experience of people moving exchange to completion day and then asking for a huge discount off the rice. The survey came back and they asked for a huge discount as a result of their full "all dancing" survey.

Earlier this month they rang the estate agent and said that their buyer had pulled out. But they live in Scotland???? Yes the buyer had lost their deposit etc costing them about £35k. So they wouldn't be buying the house at the moment.

So we too went to someone else who had wanted the house, had not sold theirs, but now had. They put in an offer, we accepted and they were proceeding.

A week later the first buyers rang and said that they were still negotiating with a new buyer. but were near to agreeing a price. Then this week they said they could now proceed with the sale.

We said we've found someone else. They want us to proceed with them as they can exchange now.

Who should we sell too?

Comments

  • poppy10_2
    poppy10_2 Posts: 6,588 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    If the first buyers have been messing you about then it would be better to go with the second lot, surely.
    poppy10
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Are both buyers offering the same price?

    Be honest? Put them in a contract race - first one to Exchange gets the property?
  • GDB2222
    GDB2222 Posts: 26,548 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    G_M wrote: »
    Are both buyers offering the same price?

    Be honest? Put them in a contract race - first one to Exchange gets the property?

    Or better still, go to sealed bids?
    No reliance should be placed on the above! Absolutely none, do you hear?
  • Well I yesterday I thought about it and decided to stick my neck out. The new buyers have done nothing wrong. Be honorable and stay with them. It's not like the old buyers have thought once about us etc and they've let us down. It's not like they're offering us any more money!!! And why did their sale fall through causing one person financial ruin?

    So today they have sent our solicitor a load of queries. If we reply then we are more or less ready to exchange. The new buyer knows the situation.

    Questions are now realling round my head. Why do I feel so bad if I don't sell to the first buyer?
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