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Pulling out
Lord_Baltimore
Posts: 1,348 Forumite
When pulling out of a purchase (pre-exchange, cash deal) would you:
1. Only inform your solicitor;
2. Inform your solicitor and the vendor's agent?
I think of 1. as a necessity and 2. as a nicety but can be persuaded by your views!
Cheers
1. Only inform your solicitor;
2. Inform your solicitor and the vendor's agent?
I think of 1. as a necessity and 2. as a nicety but can be persuaded by your views!
Cheers
Mornië utulië
0
Comments
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Why are you pulling out? Will it come as a surprise to the other side?0
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Change of plans. Yes.Mornië utulië0
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Inform everyone, calmly & politely: And hope the vendor announces he'll do the deal for a bit less, if you would change your mind..0
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I always prefer to inform the other party if I intend to pull out, it gets a bit messy and can be very disappointing for them otherwise.0
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I have had no direct contact with the vendor but I will let the vendor's agent know if the consensus here is that that is the 'correct' thing to do.Mornië utulië0
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Of course you tell the vendor's agent. Why on earth wouldn't you? it costs you nothing and could help them.0
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I would also tell the vendor's EA.0
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Of course I'd inform the vendor's EA, it seems quite rude not to. They could waste days (possibly even weeks) believing they had a sale in progress when they could have been accepting more viewings. Pulling out of a purchase can collapse an entire chain, it's a bit selfish not to make your intentions as clear as you can at the earliest opportunity.0
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Offers went via EA, so yea I would definitely inform EA as well. They can then take the necessary actions to get the property back on the market pronto!0
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