Accepted an offer but buyer disappeared

Mutton_Geoff

Did you get a "memorandum of sale" with all the relevant details?

robatwork

jonnydeppiwish! said:

robatwork said:

There's really no excuse for anyone to be "out of touch" any more. There's barely a place on earth they couldn't check email or send a message/SMS/call your EA.

However they've spent money on a surveyor, so they are still in the game. Just likely not high quality buyers.

Not high quality buyers? What constitutes a high quality buyer?

List all the things you'd love to experience from your buyer as a home vendor. Title it "High Quality Buyer"

jonnydeppiwish!

robatwork said:

jonnydeppiwish! said:

robatwork said:

There's really no excuse for anyone to be "out of touch" any more. There's barely a place on earth they couldn't check email or send a message/SMS/call your EA.

However they've spent money on a surveyor, so they are still in the game. Just likely not high quality buyers.

Not high quality buyers? What constitutes a high quality buyer?

List all the things you'd love to experience from your buyer as a home vendor. Title it "High Quality Buyer"

Somewhere me who gets on with the purchase in a timely manner. 

Little_bit_taller

jonnydeppiwish! said:

robatwork said:

jonnydeppiwish! said:

robatwork said:

There's really no excuse for anyone to be "out of touch" any more. There's barely a place on earth they couldn't check email or send a message/SMS/call your EA.

However they've spent money on a surveyor, so they are still in the game. Just likely not high quality buyers.

Not high quality buyers? What constitutes a high quality buyer?

List all the things you'd love to experience from your buyer as a home vendor. Title it "High Quality Buyer"

Somewhere me who gets on with the purchase in a timely manner. 

With no communication it doesn't mean much.

Little_bit_taller

robatwork said:

jonnydeppiwish! said:

robatwork said:

There's really no excuse for anyone to be "out of touch" any more. There's barely a place on earth they couldn't check email or send a message/SMS/call your EA.

However they've spent money on a surveyor, so they are still in the game. Just likely not high quality buyers.

Not high quality buyers? What constitutes a high quality buyer?

List all the things you'd love to experience from your buyer as a home vendor. Title it "High Quality Buyer"

Agree with you @robatwork about high quality buyers. My in-laws recently sold their house....the 1st buyer was keen as mustard at the viewing but even though a surveyor came to value the house in a reasonable timeframe they pretty much stopped all communications. Even though my in-laws asked the Estate Agent to put the house back on the market they wouldn't do it until they were 3 or 4 months down the line. My in-laws were furious that their instructions had been ignored and that the Estate Agent seemingly had no inkling about the buyer's intentions. My in-laws were frantic as their vendor was threatening to pull out. The house went back on the market and secured a buyer on the 2nd day. This buyer was much more communicative and even came round with flowers and chocolates to check everything was ok and that my in-laws would move out as they had been let down several times themselves.

Quality buyers are everything.

JustinTime19

Keen buyers tend to be responsive unless their is exceptional circumstances. Time wasters will waste your time. I have dealt with both types. I had a buyer who couldn't get a mortgage and felt it was ok to waste my time in the process. 

I recommend agreeing a communication plan with your buyer i.e 2/3 week check-in to make sure everything is proceeding. If you don't hear from them, and you are concerned you need to start thinking about suggesting you will advertising the property. If they are serious about your property you will hear back pretty quickly

RHemmings

My mind absolutely boggles at the concept that someone would go radio silence but still be thinking that the sale is going ahead. Which the survey happening suggests is the reality. 

Hoenir

RHemmings said:

My mind absolutely boggles at the concept that someone would go radio silence but still be thinking that the sale is going ahead. Which the survey happening suggests is the reality. 

Mortgage lenders aren't exactly busy at the moment. Time taken to arrange the survey . Suggests some time wasting. Searches are unlikely to start until the New Year now. As the mortgage offer presumably has still yet to be made. 

NameUnavailable

The buyer is probably just waiting for the survey results - sensible to do so without spending more money now only to find that they place is subsiding or whatever!

Direct your enquiries via your solicitors.

RHemmings

Hoenir said:

RHemmings said:

My mind absolutely boggles at the concept that someone would go radio silence but still be thinking that the sale is going ahead. Which the survey happening suggests is the reality. 

Mortgage lenders aren't exactly busy at the moment. Time taken to arrange the survey . Suggests some time wasting. Searches are unlikely to start until the New Year now. As the mortgage offer presumably has still yet to be made. 

In my case I requested the survey the day after the evening when my offer was accepted. Despite them previously suggesting that a survey could be booked within days, it took two weeks.