Offer Accepted - but won't take it off the market

Username3456

Yeah I get that but the survey doesn't happen until abit down the line after the mortgage valuation etc?

Guess until that happens i'll just have to hope no one jumps in.

middleclassbutpoor

ryanbeacall wrote: »

Yeah I get that but the survey doesn't happen until abit down the line after the mortgage valuation etc?

Guess until that happens i'll just have to hope no one jumps in.

That is what they mean by survey..

Username3456

But thats not a survey....

Cakeguts

They are waiting for you to pay for something to do with buying the house.

Diddydot

We had a bid accepted. They did not tell us that they would not remove it from the market. We paid for our mortgage advisor, searches and solicitor. We were gazumped. Totally furious. Cost incurred totalled approximately £1000. You will incur fees starting the process, I wouldn’t spend a penny without the safeguarding that there wouldn’t be anymore bids. Speak to the EA and negotiate.

martin1959

Mutton_Geoff wrote: »

I'd insist that they suspend marketing for two weeks and don't show anyone else round until you've instructed your valuation or that they refund your costs if they reject your offer later.


As a buyer you have the upper hand. The agent only works for the vendor but I wouldn't let some shiny suited idiot dictate terms in what is a very important move for you. Ask the agent why it is they don't think your offer has credibility.


If they fail to agree, then "withdraw" your offer and ask them to view another property on their books. The vendor/agent has delusions of grandeur and the problem is if another prospect does show interest, you're in the worst position because, as I've seen at many auctions, it only takes two to start a bidding war.

Why do they have the buyer have the upper hand?

Absolute rubbish. As a seller I am not taking my property off the market until the buyer has shown some financial commitment.

We agreed an offer on Saturday, from FTB’s turning down two other offers. However we will not be messed around, by buyer ‘taking their time’. You can do a mortgage app and sort out the valuation within two weeks if you want to do so.

One of the offers we had was from a buyer who had previously offered two weeks ago on another property, who’s owner had taken it off the market thinking they had a sale, but the ‘purchaser’ just wanted to reserve the property in case they did not like ours, which they did. (But we refused their offer as they would probably do it to us if something better came along).

As soon as I receive a call to book in the valuation or HB report, I will mark as sale agreed, but not before. If we get another serious offer in the meantime, it will be first to valuation gets the property.

kinger101

martin1959 wrote: »

If we get another serious offer in the meantime, it will be first to valuation gets the property.

QED. That's why any offer I make will only stand if it's marked SSTC/under offer. Don't want to risk wasting money on vendors like you proceeding multiple offers.

PhilE

Once offer has been accepted, it should be listed as under offer.

When the survey is complete and the ball rolling, sstc.

This is reasonable for all parties.

My present property was listed with a few agents. One agent was so bad at continuing to try and sell the property I was buying, I literally had to walk into his office after Id moved in, point to a picture of my property and say, 'Thats my house and it's not for sale.'

lookstraightahead

Ask if they are serious about selling it, and get them to prove it by taking it off the market. It worths both ways. I wouldn't pay a penny until they do. If they don't, walk away.

lookstraightahead

martin1959 wrote: »

Why do they have the buyer have the upper hand?

Absolute rubbish. As a seller I am not taking my property off the market until the buyer has shown some financial commitment.

We agreed an offer on Saturday, from FTB’s turning down two other offers. However we will not be messed around, by buyer ‘taking their time’. You can do a mortgage app and sort out the valuation within two weeks if you want to do so.

One of the offers we had was from a buyer who had previously offered two weeks ago on another property, who’s owner had taken it off the market thinking they had a sale, but the ‘purchaser’ just wanted to reserve the property in case they did not like ours, which they did. (But we refused their offer as they would probably do it to us if something better came along).

As soon as I receive a call to book in the valuation or HB report, I will mark as sale agreed, but not before. If we get another serious offer in the meantime, it will be first to valuation gets the property.

I would just walk away as a potential buyer, can't be doing with this. I know you'd be happy with this, but just saying.