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Of everyone in a chain...would you say its the FTB you need to keep happy?

Options
Also, I was wondering if you are movers, would you rather go with a FTB £3k less or a chain who's giving you the extra 3k you want?


What would an estate agent recommend?

Comments

  • Hoploz
    Hoploz Posts: 3,888 Forumite
    £3k less on £1million, or £3k less on £60k

    FTB not hugely attractive, as they may pull out for little reason due to nerves about Brexit, survey, growing up ... etc. Or their huge LTV mortgage may be declined.

    Person in chain has pressure from both sides to proceed.
  • FIRSTTIMER
    FIRSTTIMER Posts: 637 Forumite
    3k on 200k


    Really - I would always presume FTB are the ideal
  • Hoploz
    Hoploz Posts: 3,888 Forumite
    Each buyer and seller has their own motivators. It'll be different in every case.
  • societys_child
    societys_child Posts: 7,110 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    First time buyers can be fickle.
    One not long ago posted that there were indentations in the lounge carpet, left by the previous owners furniture, which they hadn't seen when viewing (obviously because the furniture was still in place)

    Think they believed the vendor should buy them a new carpet . . .
  • ACG
    ACG Posts: 24,579 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    I recently accepted an offer on my house. I had 2 offers, one from a FTBer and another from a downsizer. FTBer had a 5% deposit and the downsizer had a 40% deposit.

    I went with the downsizer as they only needed a small mortgage.

    People also think cash buyers are the bees knees but the reality to me is that they are not. At the last minute I have found they have a tendancy to reduce the purchase price at the last minute.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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