It’s back up

Blotto17

So we put an offer on a property a couple of months ago. It was accepted but the vendors wanted to continue viewing the property. We said no - not happy with this. They conceded and we proceeded with the sale.
cut to today….buying process is still ongoing. On to the legal side of stuff now. Lots of stuff to read through and in regular contact with the conveyancer. However we have noticed just by chance, the property has popped back up on the property sites again. Under two different EA’s. 

We have invested time and money and a lot of effort. We’re first time buyers and full time workers. This is taking up a lot of time and stress in our lives. Completely out of our comfort zone with the whole process so we’re looking forward to it all leading to somewhere. But seeing the property back up on the market when they agreed to take it down has just made me lose confidence and I feel like backing completely out. Feel terrible for waisting everyone’s time as everyone apart from the sellers have been supportive and helpful. And we don’t want to just jump back straight into going after another property. Just not got the energy after all this. 

RHemmings

In your situation, I wouldn't back out. If you're at the point of backing out, then you have nothing to lose, and therefore are free to do what you want. 

In your situation, if I had mentally decided that I can't be bothered with these vendors, I would reduce my offer due to them not keeping to the agreement. And say that no further work will be done in connection with the property until it's fully off the market. And that you are already looking for other properties (and do it, seriously). 

It will probably have the same effect as you just backing out. But, it could also end up with you getting the same property for less money. With a degree of satisfaction that you showed those vendors who is boss. 

elsien

It's not a question of showing "who is boss." Either party are free to walk away until the point of exchange and always have been. 
 if you've already invested time, money and effort I'd just carry on for now. While asking the vendors via the EA exactly what they are playing at. 

What are house prices doing in the area? Will they get a better offer or would you find something as good at the same price of cheaper if you  did walk away?

tooldle

Definitely check with the vendor. Agents have been known to pad their websites with unavailable properties, to make things look busy. It happened to me with my house appearing on an agent’s website, a full three years after we had purchased it.

jonnydeppiwish!

Is it up for sale with the same EA? Was it a multi agent sale in the first place? If it was, then the other EAs will keep it on the market but not entertain viewings. Just ensures that they can go straight for sale if you sale falls through 

Grumpy_chap

Do you still want this property?

If you do not, just walk away.

If you do want the property, I would not take the "show them who is boss" approach, nor start anything confrontational about reduced price etc.

Two months and not yet exchanged, though you are FTB.  What have you been doing to progress the purchase?  I bought my first house from offer, exchange and completion in 4 weeks, 3 of which I was out of the country. 
 
You don't need to tell this forum what you have done, but I would suggest visiting the EA and, in a very friendly way, say you were surprised to see the property listed for sale again.  Take with you details of what you have done and the timescale for getting the rest done and your target for when you expect to be able to exchange.
If that target is not this week, then the vendors might be realistic in their assessment that you are not proceedable and the re-marketing might be their only option.

Skiddaw1

Grumpy_chap said:

Do you still want this property?

If you do not, just walk away.

If you do want the property, I would not take the "show them who is boss" approach, nor start anything confrontational about reduced price etc.

Two months and not yet exchanged, though you are FTB.  What have you been doing to progress the purchase?  I bought my first house from offer, exchange and completion in 4 weeks, 3 of which I was out of the country. 
 
You don't need to tell this forum what you have done, but I would suggest visiting the EA and, in a very friendly way, say you were surprised to see the property listed for sale again.  Take with you details of what you have done and the timescale for getting the rest done and your target for when you expect to be able to exchange.
If that target is not this week, then the vendors might be realistic in their assessment that you are not proceedable and the re-marketing might be their only option.

You really expect them to be on the point of exchange after two months??? With all due respect I think that's a bit on the unrealistic side even if they are FTBs. Fair play that you managed to get through the process in 4 weeks but IME that's most unusual. Our previous sale/purchase took 6 months despite our buyers being FTBs and our purchase having no ongoing chain.

Grumpy_chap

Skiddaw1 said:

You really expect them to be on the point of exchange after two months??? With all due respect I think that's a bit on the unrealistic side even if they are FTBs. Fair play that you managed to get through the process in 4 weeks but IME that's most unusual. Our previous sale/purchase took 6 months despite our buyers being FTBs and our purchase having no ongoing chain.

Thank you - it is good for the OP to have all experiences shared.  Mine is different to yours, for simple FTB purchase with no chain, you and I may be at the opposite ends of the time range.

My advice to the OP remains the same.  If they want the property, visit the EA for a friendly chat to demonstrate their commitment to the property and the next steps.

martindow

It could be worth getting a friend to call the agents to enquire about the house.  If they have put these listings on their sites merely to pad them out as suggested above, the reply should be that it is under offer and that they can't view it.  If this is the response you should be reassured.

AlexMac

martindow said:

It could be worth getting a friend to call the agents to enquire about the house…

… and then 1; get friend to view it, and put in an offer £35k under yours…

… or 2; you could do that yourself via one of the other agents and offer 50p more than your accepted offer so the vendor ends up having to pay EA fees twice as both agents have “introduced “ the buyer

… or 3; wear a wig and false mustach, adopt a false name and do 2, above via your existing agent to see if it’s really still on the market…

or maybe just chill, get on with the purchase and buy the house at the price you were happy to offer as you’re two months ahead of any other prospective buyers…

if it’s meant to be, it will be yours (fate and chance have played a big role in every one of our last 8-10 purchases   

But, EAs; Doncha hate ‘em?

GDB2222

AlexMac said:

martindow said:

It could be worth getting a friend to call the agents to enquire about the house…

… and then 1; get friend to view it, and put in an offer £35k under yours…

… or 2; you could do that yourself via one of the other agents and offer 50p more than your accepted offer so the vendor ends up having to pay EA fees twice as both agents have “introduced “ the buyer

… or 3; wear a wig and false mustach, adopt a false name and do 2, above via your existing agent to see if it’s really still on the market…

or maybe just chill, get on with the purchase and buy the house at the price you were happy to offer as you’re two months ahead of any other prospective buyers…

if it’s meant to be, it will be yours (fate and chance have played a big role in every one of our last 8-10 purchases   

But, EAs; Doncha hate ‘em?

The second EA can’t introduce someone who has already been introduced. Think about what the word means.