Verbal acceptance of offer on my house

makeyourdaddyproud

Sorry for spoiling the party but it's your house and you can sell it for what you wish.

I would pull out: three offers suggest there is demand from someone. If house prices are not booming like an earlier poster suggested, you wouldn't have got anywhere near that close.

It would appear your house must be quite nice, desirable and priced well albeit toooo well. This smacks in the face of many properties I see on RM not shifting because of silly initial asking prices.

I would withdraw the offer and remarket +4%.

its your house and you can demand what you like and if the buyer doesn't like it, buy elsewhere.

There's still much house money sloshing around for prices even to to be rising - don't you want a cut of it?

Buyer can take a hike IMO.

Dan

wannahouse

makeyourdaddyproud wrote: »

I would withdraw the offer and remarket +4%.

its your house and you can demand what you like and if the buyer doesn't like it, buy elsewhere.

There's still much house money sloshing around for prices even to to be rising - don't you want a cut of it?

Buyer can take a hike IMO.

Dan

and THIS is what is wrong with the british house sales system!!!
sellers and buyers who's word means nothing if they can grub an extra penny more or off the sales price, gazumping and gazundering at any opportunity, when they should have carefully consider BEFORE the deal was done and agreed on something they were happy with!

Instead, each year millions of dollars are spent on the house selling/buying process, only to be lost when someone with no principles sees an opportunity to grab a bit more money...some people have no shame!

and the attitude of the person above, is the buyers worst nightmare!!!!

there seems to be no such thing as a "man of your word" these days with people like this abounding!

I_have_spoken

I have had just this one offer after 16 viewings

I imagine the FTBs are kicking themselves for being 'played' by the EA into upping their offer when the house is likely overpriced.

They way well gazunder you the day before exchange.

Just saying.

Dan-Dan

makeyourdaddyproud wrote: »

Sorry for spoiling the party but it's your house and you can sell it for what you wish.

I would pull out: three offers suggest there is demand from someone. If house prices are not booming like an earlier poster suggested, you wouldn't have got anywhere near that close.

It would appear your house must be quite nice, desirable and priced well albeit toooo well. This smacks in the face of many properties I see on RM not shifting because of silly initial asking prices.

I would withdraw the offer and remarket +4%.

its your house and you can demand what you like and if the buyer doesn't like it, buy elsewhere.

There's still much house money sloshing around for prices even to to be rising - don't you want a cut of it?

Buyer can take a hike IMO.

Dan

You make a lot of assumptions , unless you know the sellers house details , area details etc in great detail , then your post is just as `useless` as anyone elses , except yours makes you come across as a nightmare seller

makeyourdaddyproud

I_have_spoken wrote: »

...They way well gazunder you the day before exchange.

Just saying.

Not in a market of rising prices and the fact they wanted the house badly. This simply empowers a sense of worth to the vendor.

You can say what you like because at the end of the day no one complains when their own house is rising in value they only complain when they're buying. If you're lucky enough to be selling in a rising market/area why not get the best price?

Obviously it matters from area to area but if you so happen to be buying at the moment, expect a tough time negotiating on price.

Hypocrisy is rife in this house forum - ive just read the glib house purchase / sale diary from lessonlearned so I've been briefed. Dealing for the best advantage is in everyones game isn't it??

zzzLazyDaisy

OP, have you lived in this house a long time? Are you selling on your own? Is this a move that you have agonised over, or feel pushed into by force of circumstances? The house hasn't been up for sale long, did you think that you'd maybe have more time to get your head around selling, and now suddenly it has all become real?

I ask because this prevarication or second thoughts may have more to do with how you feel about the move than the price you have agreed with the buyer.

As others have said, the buyer's offer isn't far off the asking price, and in today's market buyers expect a discount on the purchase price.

As for wanting 12 weeks between exchange and completion - that would be unusual but not impossible. What you really need to do now is focus on looking forward and finding somewhere to move to, that suits your needs. Remember also, that it is swings and roundabouts, what you have 'lost' on your sale, you can gain on your purchase - when you find the house you want, make them an offer lower than you are willing to pay, and be prepared to negotiate upwards so you end up paying a fair price but less than the asking price - just as your buyers have done.

Good luck with the house move.

Dx

danielanthony

Depends where in the country the OP is selling. If you are in an area of high demand then get what you can, the law is really in the vendors favour on this.

NAN63_2

Hi
Still scratching my head about this. My concern is that the buyer requested that I take the house off the market once the offer is accepted. I have said i would accept the offer and would take the house off the market for two weeks which would allow them time for a survey to be carried out which seems a compromise . I don't see why I should allow them exclusivity on my house unless I know they are committed. A survey shows some committment admittedly. This is the only offer I have had in two and a half weeks and the holidays will slow things down so I am keen not to lose these buyers.
Thanks all for your comments..all quite diverse which shows how contraversial this subject is. I don't consided myself underhand or sly but this process is making me feel that I am

googler

NAN63 wrote: »

Still scratching my head about this. My concern is that the buyer requested that I take the house off the market once the offer is accepted. I have said i would accept the offer and would take the house off the market for two weeks which would allow them time for a survey to be carried out which seems a compromise . I don't see why I should allow them exclusivity on my house unless I know they are committed.

So, they've offered you £X for the house, you've said "Yes, I will accept £X", but you still want to make it available to others because you think they're not 'committed' ... ? What 'commitment' are you showing to them?

arbrighton

NAN63 wrote: »

Hi
Still scratching my head about this. My concern is that the buyer requested that I take the house off the market once the offer is accepted. I have said i would accept the offer and would take the house off the market for two weeks which would allow them time for a survey to be carried out which seems a compromise . I don't see why I should allow them exclusivity on my house unless I know they are committed. A survey shows some committment admittedly. This is the only offer I have had in two and a half weeks and the holidays will slow things down so I am keen not to lose these buyers.
Thanks all for your comments..all quite diverse which shows how contraversial this subject is. I don't consided myself underhand or sly but this process is making me feel that I am

What if there is a back log of surveys and despite attempting to book, they can't get a surveyor out for a month.
As for twelve weeks between exchange and completion, the norm is one to two. Once exchange takes place, you are legally committed to move whether or not you find somewhere and I as your buyer wouldn't be that prepared yo wait that long having committed the deposit and to insure the property. You need to find somewhere before exchange and get that ball rolling