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Buying our buyer's house? Silly?
hayabslee0
Posts: 50 Forumite
To cut a long story short; we were recently in a chain that fell through (our buyer's buyer pulled out). We have given our buyer a couple of weeks to see if she can sell.
In the meantime, while checking on Rightmove, we found her house and it's something we're quite interested in. However, would it be weird for us to now go and-view hers and potentially proceed with her house and in theory, swap?
Our original long-term plan was to relocate to a new area, however, with the stress of the sale falling through, we're starting to think of other options. Our buyer's house is in an area which has the benefits of what we're looking for in our initial plans to relocate (smaller and more local schools, quieter street etc).
The upside is, a very small chain and less chances of anything going wrong!
In the meantime, while checking on Rightmove, we found her house and it's something we're quite interested in. However, would it be weird for us to now go and-view hers and potentially proceed with her house and in theory, swap?
Our original long-term plan was to relocate to a new area, however, with the stress of the sale falling through, we're starting to think of other options. Our buyer's house is in an area which has the benefits of what we're looking for in our initial plans to relocate (smaller and more local schools, quieter street etc).
The upside is, a very small chain and less chances of anything going wrong!
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Comments
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hayabslee0 wrote: »To cut a long story short; we were recently in a chain that fell through (our buyer's sellers pulled out). We have given our buyer a couple of weeks to see if she can sell.
In the meantime, while checking on Rightmove, we found her house and it's something we're quite interested in. However, would it be weird for us to now go and-view hers and potentially proceed with her house and in theory, swap?
Our original long-term plan was to relocate to a new area, however, with the stress of the sale falling through, we're starting to think of other options. Our buyer's house is in an area which has the benefits of what we're looking for in our initial plans to relocate (smaller and more local schools, quieter street etc).
The upside is, a very small chain and less chances of anything going wrong!
Not only is it not weird, if you like the place, there are lots of advantages so why not?
The only complication I can see is that you will each know where the other lives, and if anything goes pear-shaped after the transaction and either of you is "weird", then it could get "weird" at that point.
So, if you are not "weird" and they are not "weird", I'd say go for it.
Have you Googled "house swap"?(Nearly) dunroving0 -
Unusual but not weird. If the buyer's house is right for you I see no reason not to consider it.0
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If the property suits you it's not silly at all.0
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When we first looked at the idea of downsizing from 5 bedrooms to 3, I hoped we might find such an exchange deal but never did. If their house suits you then fo and have a look.0
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Another vote for this beinga very sensible option. Let us know how it goes.0
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This has really thrown a spanner in the works, lol.0
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This has really thrown a spanner in the works, lol.
On the contrary, if your buyer agrees, you have just picked up the right tool?:)0 -
I live in a village where this is quite normal.
People downsizing swap with those wanting a family home.Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)0 -
hayabslee0 wrote: »(our buyer's sellers pulled out).
Wouldn't that be you?
Buying your buyer's property would be great in terms of the tiny chain, so long as their property is the main draw and not the simplified chain. Good luck!0 -
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