Offer received but prospective buyer yet to market her property - what to do

Nova1307

Hi all, 

I have received one offer from someone who has yet to market her property. Should I accept on condition that the property is marketed within x number of weeks (say 2?) and/or that I have the option to withdraw if she hasn't received any offers for her property by say 31 December or 31 January? I wouldn't want things to drag on for too long when I could lose out on offers from other interested parties who are in a more ready state to proceed. I haven't appointed a solicitor yet but could they advise better on how I could add such a condition? I am going to rent for a while and so no there is no onward purchase on my part so pretty keen to wrap things up asap. 

Thanks

efes_shareholder

tell them to come back when they can proceed

if you havent sold by then you will accept

Slinky

^^^ This. Thank them for their interest but whatever you do, don't take your property off the market for this person.

jonners666

Well you always have the option to withdraw, there's no point in putting that in writing. 

I'd say thanks for the offer, but until you're a proceedable buyer (ie house sold STC) the property is staying on the market. When they've sold theirs and they know what the can afford, you can then accept their offer. 

Slithery

They're not in a position to make a serious offer. The property needs to stay on the market until you have a procedable offer.

74jax

Did your EA explain they could not proceed when they viewed? What a waste of time. 

I would tell your EA you only want proceedable viewers and regarding this offer that you will consider it at a time they can proceed. 

Brie

jonners666 said:

I'd say thanks for the offer, but until you're a proceedable buyer (ie house sold STC) the property is staying on the market. When they've sold theirs and they know what the can afford, you can then accept their offer. 

goodness me!  If we'd done that we never would have been able to move at all!!!  We were looking at the same time that we were putting ours up for sale.  given that it took 3 months to find a buyer was a major inconvenience but didn't end in disaster.

babyblade41

Mine is just going up for sale this week... proceed able  viewers only . 

EA can get anyone to register an interest but can only view when they can move forward 

I've always done it this way... stops time wasters  ..don't remove from market 

BlueC

If they aren't in a position to buy it then you should regard it as an "expression of interest" not an "offer" and keep marketing the property to others.

Marvel1

I would want it marketed tomorrow, if they are serious cannot see the issue.

Scotbot

74jax said:

Did your EA explain they could not proceed when they viewed? What a waste of time. 

I would tell your EA you only want proceedable viewers and regarding this offer that you will consider it at a time they can proceed. 

In the current market a fairly priced house is selling in days. A viewer could easily be proceedable within a week. I wouldn't take the house off the market until the  buyer was prodeedable but I would allow viewings