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Do we start looking at properties now? Deposit not in place until mid October

Arthur_Sleep · 2013-05-26 06:36:09

We are FTBs. A large part of our deposit is in an account that doesn't mature until the middle of October, so we can't access it until then. We assume we can't complete any earlier than then, and on that basis we initially thought we probably wouldn't begin viewings (and potentially submitting offers) until July at the…

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Arthur_Sleep Posts: 23 Forumite

27 May 2013 at 6:36PM

Thanks for all the replies. There would appear to be a wide range of thinking on the matter, but it's all good food for thought.

I understand that, in the eyes of some buyers, it might put us at something of a disadvantage. However, as long as we fully disclose our situation when we make an offer, the worst that can happen is that our offer is refused. Some sellers might well be dissuaded, but equally some sellers might have no objection to additional breathing space. And, as has been said, the whole process might take longer than October to get to completion anyway.

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