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Buyers Etiquette

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Comments

  • movilogo
    movilogo Posts: 3,236 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 13 May 2022 at 2:56PM
    You would lose lots of mainstream buyers though. Auction is good for cash buyers, builders, developers etc. who buy houses for business rather than living. It is not for everyone.
    Happiness is buying an item and then not checking its price after a month to discover it was reduced further.
  • Maximus5
    Maximus5 Posts: 30 Forumite
    10 Posts Name Dropper
    There is also the option of selling via auction if you get really fed up with people pulling out.  I did that recently and sold my house for £250k, whole process was done within a month.  Buyer has to put down 10% non refundable deposit initially as well so very unlikely they'll pull out before completion.  I did check with regular estate agents beforehand and they were predicting i'd get between £220k-£230k for my house if I sold with them, so actually got more through auction.
    I guess it’s an option. 
    I’m sure it will sell I’m just worried about the Vendor of the property we have offered on not wanting to wait around 
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