Vendors can’t find a house

RM_2013

alibean121 said:

RM_2013 said:

We’ve chased EA again today still getting the “vendors are actively looking but not found anything they like yet”

6 weeks since we made our offer which I know isn’t a long time compared to some but we’ve sold to FTB and we know they will want to move asap.  Still looking on right move but nothing else that we like as much in same price bracket.  Oh well 

If I were you I would tell the estate agent that you're starting to look at other properties again. That your offer still stands unless/until you find something else. Ideally you'll also book a viewing at the same time on a property that's listed with that estate agent. Doesn't really matter if you don't like it or can't really afford it, book in and view. Hopefully they'll lean on your seller. 

I would then view anything potentially suitable as it comes on the market. Hopefully your seller pulls their finger out or you find something else!

We have told the EA that we will be looking but yes I think a viewing might have to be booked through them!! 

1616six

I’m thinking of doing the same!

I emailed our agent for an update on Wednesday and as usual they didn’t reply so I phoned yesterday, got an email back 5 mins later saying they have left the vendor a voicemail and emailed them. Heard nothing today.

They’ve just listed a house £10k over our budget but in the right area, it’s a 3 year old
house which isn’t top of our list as prefer older ones but still very tempted to view even if as you guys say it leans on the agent more if they know we’re actively looking again!

RM_2013

1616six said:

I’m thinking of doing the same!

I emailed our agent for an update on Wednesday and as usual they didn’t reply so I phoned yesterday, got an email back 5 mins later saying they have left the vendor a voicemail and emailed them. Heard nothing today.

They’ve just listed a house £10k over our budget but in the right area, it’s a 3 year old
house which isn’t top of our list as prefer older ones but still very tempted to view even if as you guys say it leans on the agent more if they know we’re actively looking again!

Good luck! Unfortunately the only ones I’ve seen that I like are way over budget but need to keep my options open.   Really hope the sale goes through as we love the house but not feeling massively confident at the moment 

1616six

RM_2013 said:

1616six said:

I’m thinking of doing the same!

I emailed our agent for an update on Wednesday and as usual they didn’t reply so I phoned yesterday, got an email back 5 mins later saying they have left the vendor a voicemail and emailed them. Heard nothing today.

They’ve just listed a house £10k over our budget but in the right area, it’s a 3 year old
house which isn’t top of our list as prefer older ones but still very tempted to view even if as you guys say it leans on the agent more if they know we’re actively looking again!

Good luck! Unfortunately the only ones I’ve seen that I like are way over budget but need to keep my options open.   Really hope the sale goes through as we love the house but not feeling massively confident at the moment 

Sounds like we’re in the same boat!

The one we’ve ‘bought’ if you like is £220k and is literally ready to move into - needs nothing. Everything else on Rightmove in our area for under £240k is either a tiny house or a bungalow which looks as though someone’s probably died and lived in it 50 years so it needs full renovation! I still can’t believe we managed to get the one we have before anyone beat us to it (I booked the viewing the first day it was on Rightmove) but like you, I’m losing confidence!

RM_2013

1616six said:

RM_2013 said:

1616six said:

I’m thinking of doing the same!

I emailed our agent for an update on Wednesday and as usual they didn’t reply so I phoned yesterday, got an email back 5 mins later saying they have left the vendor a voicemail and emailed them. Heard nothing today.

They’ve just listed a house £10k over our budget but in the right area, it’s a 3 year old
house which isn’t top of our list as prefer older ones but still very tempted to view even if as you guys say it leans on the agent more if they know we’re actively looking again!

Good luck! Unfortunately the only ones I’ve seen that I like are way over budget but need to keep my options open.   Really hope the sale goes through as we love the house but not feeling massively confident at the moment 

Sounds like we’re in the same boat!

The one we’ve ‘bought’ if you like is £220k and is literally ready to move into - needs nothing. Everything else on Rightmove in our area for under £240k is either a tiny house or a bungalow which looks as though someone’s probably died and lived in it 50 years so it needs full renovation! I still can’t believe we managed to get the one we have before anyone beat us to it (I booked the viewing the first day it was on Rightmove) but like you, I’m losing confidence!

Very similar situation!! The one we’ve offered on is 4 bed and 3 bathrooms but cheaper as it’s a 3 storey town house.  If I had to buy a 4 bed detached with 3 bathrooms I’d need to spend at least another £40k at least which isn’t really in our budget.  I do a daily rightmove search anyway just in case.  I’m trying to to let myself get excited about this house in case it doesn’t happen but it ticks so many boxes for us and is completely ready to move into 

jenni_fer

We're the other end of this scenario.

Having read through all the comments I see the usual people have the unrealistic expectation that people will be willing to move with no where to go.

We first accepted the offer on our property in Jan, we were outbid somewhere mid Jan, found somewhere in March which then fell through, were outbid when it was put on for more in April, offered crazy over asking on a property but were still outbid around May, were strung along with an off-market property that they eventually decided not to sell in July, now in Sept we are offering on another property. Along the way we have seen 3 or 4 properties for every one we've offered.

Our buyers are still waiting because a) we are trying and have been honest and  b) there hasn't (until this month) been anything comparable in the area.
I fully expect that they will have viewed the similar property and probably offer on it. If they do, then I'd be happy for them. We'd then hopefully be allowed to not have to re-sell ours until we had found somewhere to buy. The key being, we don't want to SELL our house, we want to move house.

As the vendor, I would absolutely expect you as a buyer to be still looking until such time as the chain is complete. Just be mindful that further up the chain there are far fewer houses to choose from and in our experience, often 10 people bidding on the same property. It's easier said than done to 'hurry up'.

housebuyer143

jenni_fer said:

We're the other end of this scenario.

Having read through all the comments I see the usual people have the unrealistic expectation that people will be willing to move with no where to go.

We first accepted the offer on our property in Jan, we were outbid somewhere mid Jan, found somewhere in March which then fell through, were outbid when it was put on for more in April, offered crazy over asking on a property but were still outbid around May, were strung along with an off-market property that they eventually decided not to sell in July, now in Sept we are offering on another property. Along the way we have seen 3 or 4 properties for every one we've offered.

Our buyers are still waiting because a) we are trying and have been honest and  b) there hasn't (until this month) been anything comparable in the area.
I fully expect that they will have viewed the similar property and probably offer on it. If they do, then I'd be happy for them. We'd then hopefully be allowed to not have to re-sell ours until we had found somewhere to buy. The key being, we don't want to SELL our house, we want to move house.

As the vendor, I would absolutely expect you as a buyer to be still looking until such time as the chain is complete. Just be mindful that further up the chain there are far fewer houses to choose from and in our experience, often 10 people bidding on the same property. It's easier said than done to 'hurry up'.

This! 
At the bottom of the chain there tends to be a lot of choice, especially around me there are loads of 3 bed terraces etc, then much fewer 4 beds and 4 bed detached and almost no 5 beds upwards.
You have people who want to upsize but you need to ask yourself what they are looking for. 
If it's a 5 bed detached and you know there are almost none in the area they are looking, you can guess how long the wait might be. 

When I was looking for a 4 bed detached and if the agent told me they were upsizing in the area I kind of gave up on it for the above reason. 

RM_2013

jenni_fer said:

We're the other end of this scenario.

Having read through all the comments I see the usual people have the unrealistic expectation that people will be willing to move with no where to go.

We first accepted the offer on our property in Jan, we were outbid somewhere mid Jan, found somewhere in March which then fell through, were outbid when it was put on for more in April, offered crazy over asking on a property but were still outbid around May, were strung along with an off-market property that they eventually decided not to sell in July, now in Sept we are offering on another property. Along the way we have seen 3 or 4 properties for every one we've offered.

Our buyers are still waiting because a) we are trying and have been honest and  b) there hasn't (until this month) been anything comparable in the area.
I fully expect that they will have viewed the similar property and probably offer on it. If they do, then I'd be happy for them. We'd then hopefully be allowed to not have to re-sell ours until we had found somewhere to buy. The key being, we don't want to SELL our house, we want to move house.

As the vendor, I would absolutely expect you as a buyer to be still looking until such time as the chain is complete. Just be mindful that further up the chain there are far fewer houses to choose from and in our experience, often 10 people bidding on the same property. It's easier said than done to 'hurry up'.

I can see it totally from both sides and if we were in our vendors shoes we would want to make sure that our money is being spent on something we really really want to move into.  I’m not an unreasonable person (maybe just a little impatient!!) my main issue is the worry that the longer they take to find somewhere the more likely they will pull out of the deal.  I will wait for the house because I believe it’s the right house for us but we will find ourselves in a difficult position once our buyer is ready to go because they will want to move

i really wish there was an abundance of lovely houses on the market suitable for everyone!! 

jenni_fer

RM_2013 said:

jenni_fer said:

We're the other end of this scenario.

Having read through all the comments I see the usual people have the unrealistic expectation that people will be willing to move with no where to go.

We first accepted the offer on our property in Jan, we were outbid somewhere mid Jan, found somewhere in March which then fell through, were outbid when it was put on for more in April, offered crazy over asking on a property but were still outbid around May, were strung along with an off-market property that they eventually decided not to sell in July, now in Sept we are offering on another property. Along the way we have seen 3 or 4 properties for every one we've offered.

Our buyers are still waiting because a) we are trying and have been honest and  b) there hasn't (until this month) been anything comparable in the area.
I fully expect that they will have viewed the similar property and probably offer on it. If they do, then I'd be happy for them. We'd then hopefully be allowed to not have to re-sell ours until we had found somewhere to buy. The key being, we don't want to SELL our house, we want to move house.

As the vendor, I would absolutely expect you as a buyer to be still looking until such time as the chain is complete. Just be mindful that further up the chain there are far fewer houses to choose from and in our experience, often 10 people bidding on the same property. It's easier said than done to 'hurry up'.

I can see it totally from both sides and if we were in our vendors shoes we would want to make sure that our money is being spent on something we really really want to move into.  I’m not an unreasonable person (maybe just a little impatient!!) my main issue is the worry that the longer they take to find somewhere the more likely they will pull out of the deal.  I will wait for the house because I believe it’s the right house for us but we will find ourselves in a difficult position once our buyer is ready to go because they will want to move

i really wish there was an abundance of lovely houses on the market suitable for everyone!! 

If anything, this (2nd) time around I feel like we can't give up because I dont want to let our poor buyers down. My current house is lovely and I want to be able to sell them it.

lookstraightahead

jenni_fer said:

RM_2013 said:

jenni_fer said:

We're the other end of this scenario.

Having read through all the comments I see the usual people have the unrealistic expectation that people will be willing to move with no where to go.

We first accepted the offer on our property in Jan, we were outbid somewhere mid Jan, found somewhere in March which then fell through, were outbid when it was put on for more in April, offered crazy over asking on a property but were still outbid around May, were strung along with an off-market property that they eventually decided not to sell in July, now in Sept we are offering on another property. Along the way we have seen 3 or 4 properties for every one we've offered.

Our buyers are still waiting because a) we are trying and have been honest and  b) there hasn't (until this month) been anything comparable in the area.
I fully expect that they will have viewed the similar property and probably offer on it. If they do, then I'd be happy for them. We'd then hopefully be allowed to not have to re-sell ours until we had found somewhere to buy. The key being, we don't want to SELL our house, we want to move house.

As the vendor, I would absolutely expect you as a buyer to be still looking until such time as the chain is complete. Just be mindful that further up the chain there are far fewer houses to choose from and in our experience, often 10 people bidding on the same property. It's easier said than done to 'hurry up'.

I can see it totally from both sides and if we were in our vendors shoes we would want to make sure that our money is being spent on something we really really want to move into.  I’m not an unreasonable person (maybe just a little impatient!!) my main issue is the worry that the longer they take to find somewhere the more likely they will pull out of the deal.  I will wait for the house because I believe it’s the right house for us but we will find ourselves in a difficult position once our buyer is ready to go because they will want to move

i really wish there was an abundance of lovely houses on the market suitable for everyone!! 

If anything, this (2nd) time around I feel like we can't give up because I dont want to let our poor buyers down. My current house is lovely and I want to be able to sell them it.

They will find something else just as nice if you decide not to move. You sound as though you want to stay. Might be best to put them out if their misery so that they can move on, it's just going to cost them more and more to buy it.