Considering pulling out of a purchase

NameUnavailable

It's not a bad idea to keep looking when you find a property. So many sales fall through, if you still have a 'handle' on the market and one or two places of interest in reserve it can save valuable time if your buyer did pull out or gazump you.

As for letting a vendor down, it's a business transaction and until it's done it's not done, so you must do what is best for you - nobody should buy a home to please the seller!!

All that said, a detatched house for £50K less than a nearby semi sounds too good to be true, and if something sounds too good to be true..........

sheramber

if pwned by an elderly couple for many years it may need upgrading.

Thrugelmir

Cal514 said:

lookstraightahead said:

I've never really kept looking once I've found a property - to me it suggests you're not happy with it.

The only reason I'm in this quandary is that the price I've offered on the semi is the maximum I could do whereas the detached is well within budget so would potentially give me more headroom for contingencies. I love the semi and if I'd kept away from Rightmove I'd have probably been happier, planning for exchange etc. 

Location has always commanded a premium. 

ss2020jd

Looking forward to hearing how the viewing went @Cal514. 

juliedee4663

We lived in a cul-de-sac and it was hell on earth - children constantly playing football, thudding balls against our car, using our garden as a playground, parents having almost daily street parties during lockdown, problems parking. 

sheramber

I have lived in three different cul de sacs in different parts of the country and never had a problem.  

Cal514

ss2020jd said:

Looking forward to hearing how the viewing went @Cal514. 

It turned out to be anticlimactic. Didn't like it, everything felt a bit cheap and dated. Needs a lot of work, no central heating and the garden was tiny (photos in the advert were really misleading). So happy to walk away from this and progress the original purchase. First thing I did after getting into my car - deleted Rightmove on my phone!

Thank you all for your comments. It definitely helped put things into perspective.

Cheers.

ss2020jd

Cal514 said:

ss2020jd said:

Looking forward to hearing how the viewing went @Cal514. 

It turned out to be anticlimactic. Didn't like it, everything felt a bit cheap and dated. Needs a lot of work, no central heating and the garden was tiny (photos in the advert were really misleading). So happy to walk away from this and progress the original purchase. First thing I did after getting into my car - deleted Rightmove on my phone!

Thank you all for your comments. It definitely helped put things into perspective.

Cheers.

Thanks for the update. Sounds like a sensible decision. Wish you the best with your purchase and sure you’ll be happy there. 

billy2shots

Crashy_Time said:

Are you buying cash?

No, they are buying a chain free semi-detached house. 

Been waiting for the update OP so I could use that joke for a day now, phew. 

Crashy_Time

Cal514 said:

I've got a mortgage approved. 

AFF - I agree. This is in Kent, so the market is really hot. For the first house, I offered £12k over asking and will do the same for the second, maybe even higher depending on competition.   

Would you consider an ex BTL property?

https://www.msn.com/en-gb/money/homeandproperty/chaos-for-landlords-as-property-sales-fall-apart/ar-AAOlWLQ?ocid=uxbndlbing