Buyer that doesn't want to sell (What would YOU do?)

ToadsFriend

So disapointed about this....we really had our heart set on it and wasted so much time daydreaming about it.
I guess I could let it carry on while still looking/trying to find somewhere to rent...but I'd really like to tell her to get lost now! BUT don't want to cut my nose off to spite my face IF there's a glimmer of hope she may get her act together.
Cannot understand WHY she's put up for sale if she's such a numpty...its not like its a messy divorce or she is elderly etc AND we haven't even got a bargain really..so she should be so glad of getting good buyers like us in this current climate...so annoying

ToadsFriend

D.L wrote: »

If you don't want to waste the money on rent, I heard that a car is a cheaper alternative, or in a cardboard box even cheaper.

That isn't a very helpful response...why post that childish comment? . I meant a ''waste'' paying rent to some private landlords pocket rather than paying my own families mortgage off and a house for my children to inherit.
It's sad when people think the internet is fine to post such silly comments, you don;t know me or my situation.
Thank you to the sensible people for replies though!

yksi

There are such things as month-to-month and short-term lets, they've been invented. There are also such things as agents who understand such situations and draft a lease with a break clause after three months - if you ask, and if you are prepared to pay a little extra. There are also things like "putting your stuff in storage and renting a furnished 1br flat".

A sensible approach is to tell the agent that the vendor does not seem motivated to sell (explain why) and therefore you will be looking at other properties. This isn't a withdrawal of your offer but makes it clear that you think the vendor is playing silly!!!!!!s. Put the problem firmly in the EA's hands, after all, they are the ones who will lose the commission.

[Deleted User]

ToadsFriend wrote: »

So disapointed about this....we really had our heart set on it and wasted so much time daydreaming about it.
I guess I could let it carry on while still looking/trying to find somewhere to rent...but I'd really like to tell her to get lost now! BUT don't want to cut my nose off to spite my face IF there's a glimmer of hope she may get her act together.
Cannot understand WHY she's put up for sale if she's such a numpty...its not like its a messy divorce or she is elderly etc AND we haven't even got a bargain really..so she should be so glad of getting good buyers like us in this current climate...so annoying

Have you spoken to your buyers about it? You never know they might be willing to wait.

pinkteapot

You can't force her to sell it. All you can do is make it clear you're worried and you need the process to get moving.

In the meantime, keep your buyer informed of what's happening. If they choose to get shirty about it then you can decide whether to rent or risk losing them. If they seem relaxed then just keep nagging the vendor.

AdrianC

ToadsFriend wrote: »

I meant a ''waste'' paying rent to some private landlords pocket

In return for them providing you with accommodation.
Payment for a service.

rather than paying my own families mortgage off

But you won't have a mortgage to pay off!

and a house for my children to inherit.

You have absolutely no idea whether they will inherit anything from you, whether you own your home or not. You may need to go into residential care for an extended period, and spend the entirety of your equity on that. You may find your pension provision inadequate, and decide to sell, rent, and live off the equity.

ToadsFriend

yksi wrote: »

There are such things as month-to-month and short-term lets, they've been invented. There are also such things as agents who understand such situations and draft a lease with a break clause after three months - if you ask, and if you are prepared to pay a little extra. There are also things like "putting your stuff in storage and renting a furnished 1br flat".

A sensible approach is to tell the agent that the vendor does not seem motivated to sell (explain why) and therefore you will be looking at other properties. This isn't a withdrawal of your offer but makes it clear that you think the vendor is playing silly!!!!!!s. Put the problem firmly in the EA's hands, after all, they are the ones who will lose the commission.

Thank you...very helpful reply! I'll take a look at short term lets as I really would rather not pull out all together and let my buyer down, it isn't their problem but i know they are in rented, so it's unfair to expect them to keep paying rent while I have this issue ongoing. We did think we'd put our stuff in storage and rent a cheap all bills included place til we get moving. Thanks again for the helpful input

vacheron

OP, remember as well that a 6 month rent contract is for the protection of both parties, however if you have a good landlord and give them advance warhing they could be willing to release you from the contract early if you give them sufficient notice and providing they (or you) are able to find a suitable replacement tennant.

We did this when we moved out, our landlord was happy with 1 month notice as they had someone who wanted to move in to our house.

There are no guarantees though, so don't rely on it happening, just letting you know you may not be 100% stuck if worst comes to worst.

movilogo

I have experienced reluctant seller too. I put an offer 10 days back, the seller didn't come back with response. I followed up with EA and he said seller still reviewing the offer.

I guess seller didn't expect to get offer quickly and now thinking whether can get higher offer in New Year after the election.

walwyn1978

Another vote to walk away. Sellers that can’t get organised are a nightmare to deal with. You have my sympathy, and whilst I hear you about the EA, they can’t physically make the vendor get on with it - she’s the issue not the EA.