Advice from sellers - would you put your home back on the market?

annetheman

NameUnavailable said:

annetheman said:

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Realistically, I think we could be completed on the flat by June and the onward house by July - EA agrees but I don't know if they'll relay this to the vendor, but did say they'd mention I'm pushing as fast as possible.

 Thoughts are welcome while I sit and wait for my housing association as usual..!

Surely you would complete on both at the same time?

We could if my sellers agree to a smaller deposit. 

Around £9k will be available from my buyer for the £18.25k deposit, the other £9k is in equity in the house (so I get back via completion statement once I clear my mortgage on completion). My own savings are around £8k but ringfenced for SDLT and fees -- I will have more fees than a normal sale due to shared ownership and needing to pay the HA's costs for all this etc. 

I've read a few threads on here about sellers accepting smaller exchange deposits, though, so we could - either works for me.

annetheman

Update: the sellers are going with another offer after all, which is fair enough as I only just got my RICS valuation from my housing association yesterday and my buyer hasn't confirmed yet.

I've since viewed and had an offer accepted on another house. I think the lesson for me is to be sure early on (in the first 1-4 weeks of joining the chain) that all in the chain can meet similar-ish timelines. As soon as a discrepancy appears, it's so much better to step out! I can finally breathe and the right property and situation presented itself, which I'm so much more excited about (it's in a worse decorative condition and smaller, but better location and none of the intense pressure...!)