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Advice needed
JJHawk
Posts: 3 Newbie
Hi All,
I am in the process of buying a house. My offer has been accepted and all was going well until this week.
The house was previously rented out and now the estate agent has contacted me saying that the current owner is concerned that the sale is not going quick enough and that if I do pay the current owner the equivalent of one months rent they will pull out of the deal. Is this a normal approach?
Any advice welcome
JJ
I am in the process of buying a house. My offer has been accepted and all was going well until this week.
The house was previously rented out and now the estate agent has contacted me saying that the current owner is concerned that the sale is not going quick enough and that if I do pay the current owner the equivalent of one months rent they will pull out of the deal. Is this a normal approach?
Any advice welcome
JJ
0
Comments
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It's not uncommon, that sellers/buyers try to shake down the other party for more money once they know that they are invested in the process. This seems like one of those things.
If you have done everything as expected, I would be tempted to call their bluff with the risk being that the seller keeps his word and pulls out.
Have there been any unexpected delays in the period after your offer was accepted? If so, why?0 -
No and I'll be telling the vendors EA to go and take a hike
What is causing the hold up and what is the time line0 -
It's not really been that long. 8/9 weeks so far ��0
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Tell them to go and F right off.Eat vegetables and fear no creditors, rather than eat duck and hide.0
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Until the exchange, either party can pull off from the deal without repercussion. The reasoning behind asking for more money or offering less money is irrelevant. It boils down to two choices:
A) Accept the demand, in which case, don't just pay the "rent", but add it to the purchase price. Otherwise the vendor can just pull out after you pay the "rent" and there is nothing you can do about it.
Call their bluff and stand by your original offer. 0 -
How far off are you ? Are you a FTB ? If this is a chain free purchase with no property issues it should have been done and dusted by now.0
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I'd be saying to the EA 'so what did they say when you told them the process usually takes around 12 weeks?'
Chances are they didn't back you. Remind them you're paying their fee, not the buyer, so you suggest they try to placate them.
I'd not pay and would tell them to whistle, but then I'm not the one in the transaction so it's up to you.2024 wins: *must start comping again!*0 -
Ah thanks everyone. I will try to push back.0
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