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Advice needed on buying house

Hi guys need some advice

my house is sold and I got the asking price (very suprised but hey not gonna complain) however the house im buying think i paid too much for 144k for 2 bed end terrace with good sized side plot ideal 2 bed extension with garage house needs work too not as good nick as mine ( wouldnt of got any more £s for mine as had done all decorating and bits and bobs can do ) in luton


only prob is my buyer and guy im buying from cannot agree on a completion date has been dragging on and on for some time now still havent exchanged contracts yet buy my buyer is getting pi***d off and is talking about pulling out as he is currently renting

do i hang on in to get my house

or sell to my buyer asap regardless as he paid asking

i have option to move back with dad till i find another property

your help and advice would be greatly appreciated

gibbioni

Comments

  • bridiej
    bridiej Posts: 5,773 Forumite
    1,000 Posts Combo Breaker
    With the market how it is at the moment I'd take the money from your buyer, even if it means moving in with your dad for a while.

    Good luck :)

    I just pop in now and then.... :)
    transcribing
  • JanCee
    JanCee Posts: 1,241 Forumite
    gibbioni wrote:
    sell to my buyer asap regardless as he paid asking

    i have option to move back with dad till i find another property gibbioni

    I would definately take the above option. House sales/purchases are rarely straightforward and this way if your purchase fell through then you would be a cash buyer for your next property. In the current market that would put you in a very strong position for a price negotiation.
  • mandi
    mandi Posts: 11,932 Forumite
    Part of the Furniture Combo Breaker Stoptober Survivor
    Yes good advice.

    But your solicitor should be doing all this for you.. think you should give him/her a call,,, and frankly,, kick butt.. im speaking from experience as an ex estate agent..
  • deemy2004
    deemy2004 Posts: 6,201 Forumite
    yeh, its summer, check to make sure your solicitor has not buggered off on holiday !
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