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House sale - what would you do?

(119 Posts)
Luckygirl Wed 06-Jan-21 09:08:04

Following the fifth let-down by a buyer, my bungalow is back on the market and there has been a rash of viewers, one of whom has offered the asking price - he is in a chain of 3, all with mortgages and on the verge of completion.

Three more people wanted to view on Saturday (one of whom is a second viewing) - 2 are a way along the selling route (although I do not know exactly how near to completion); and one (the second time viewer - bringing his wife this time) has cash.

What do I do? I feel I cannot keep the offer-maker on a string till Saturday or he might get fed up and drop out; and I could be left with none of the others wanting to buy. I feel that the man who has made the offer is genuine - but I have felt that before! - and that I should take what is on offer and go with him. Nine of the others can visit before Saturday because of work commitments.

Help!!

Oopsadaisy1 Wed 06-Jan-21 23:17:54

Sorry to hear that the house you originally wanted has gone, but I would seriously consider going down the rental route and if the builder lets you rent the house that you may want to buy then it’s a win, win.
My fingers are crossed for you! Let’s hope it all happens soon.

sazz1 Thu 07-Jan-21 00:40:40

When we sold our house to move area and downsize we were classed as cash buyers because we didn't need a mortgage. But until our house sold we didn't have enough cash to buy outright.

Lynn1959 Thu 07-Jan-21 08:14:55

We had two potential buyers one in a chain and one first time buyer who offered slightly less. We chose them as we thought it would be less risky!
At 26 years of age and first time buyer she was the buyer from HELL!!!
It’s an awful business selling houses in England there’s no easy answer I’m afraid-it’s desperate for an overhaul the whole process.
So sorry i can’t be more positive for you??

Sunlover Thu 07-Jan-21 08:33:07

I’d sell and rent somewhere until the property you want is ready.

cornergran Thu 07-Jan-21 08:48:06

That sounds a step forward lucky. Thanks for the update. Go gently.

Luckygirl Thu 07-Jan-21 08:50:43

Thank you all for your advice and kind messages. I will see what Saturday brings - assuming the roads are not iced up!

Susiewakie Thu 07-Jan-21 09:50:14

Lucky girl I feel your pain we accepted a cash offer full asking end of September 9weeks later just before exchange of contracts he dropped out .Ea had seen proof he had the cash he basically thought if he dropped out then came back offering 26k less we would sell ! So we have waited but have now engaged a Ea who is more local see what they can do .So far our seller is waiting for us .Good luck i would accept offer but until finances check out allow other viewings we will this time

Whiff Thu 07-Jan-21 10:09:07

Luckygirl rant away. I have done enough for that especially when buyers pulled out. And my eventual buyers solicitor was being a nightmare. Hope everything works out you deserve some good news you have been through the mill. ???

Ellianne Thu 07-Jan-21 10:11:32

I think you're right Luckygirl to keep all options open for a bit. Good luck for Saturday, hope the weather is kind.

Shinamae Thu 07-Jan-21 11:09:22

Fingers crossed lucky girl that everything works out fine for you ?

GillT57 Thu 07-Jan-21 13:33:55

You never know luckygirl the 'second choice' house may work out for the best, sometimes these things do. Good luck for Saturday, it really does your head in though doesn't it!

Whiff Sat 09-Jan-21 09:56:41

Luckygirl hope all goes well with the viewings today.

Elusivebutterfly Sat 09-Jan-21 10:13:24

I really would go ahead with your cash buyer and keep today's viewings as well. They can be told that someone else has made an offer and after these viewings, if others are keen, you can decide who is the best buyer.
Generally vendors won't accept an offer if you haven't sold so getting your house sold seems to be the priority. If there are short term holiday lets in your area it will be easy to rent short term if necessary.

midgey Sat 09-Jan-21 10:14:13

Luckygirl thinking of you today, you are due quite a lot of good luck!

Shandy57 Sat 09-Jan-21 10:24:29

Good luck with the second viewing today Luckygirl, hope they are proceedable.

Ellianne Sat 09-Jan-21 10:26:05

Good luck Luckygirl.

Luckygirl Sat 09-Jan-21 13:30:47

Here is an update. I have a new buyer for the bungalow who is very keen and seems as secure as one might hope - but as I know things can all go horribly wrong!

I have been to see the alternative new build and it is lovely - ideal for my needs with wonderful views, that are almost the same as the view we had from the cottage that we lived in for decades before we had to make the move to the bungalow. It is a view that has my heart.

It is possible that, because the whole group of houses might not be complete before March 31st (when my buyer here wants to be in to save the stamp duty), I could move in and rent the new place whilst awaiting completion. I would get stung for stamp duty, but not as much as I might as this new place is cheaper. The builder is going to make sure that mine is finished first. Swings and roundabouts.

Fingers crossed - surely it will all go right this time - please!

Greeneyedgirl Sat 09-Jan-21 13:38:15

Very good news Luckygirl. Hope all now goes smoothly, you deserve a break. New house sounds ideal.

GrannySomerset Sat 09-Jan-21 13:46:38

How wonderful, Luckygirl. We will all be on edge until the sale is completed. Fingers (and everything else) crossed!

Shandy57 Sat 09-Jan-21 13:52:35

Fantastic news, sending positive thoughts!

Marmight Sat 09-Jan-21 13:58:32

? Hurrah ?. Such good news. Fingers, toes and everything else crossed for you

Whiff Sat 09-Jan-21 17:02:59

Finally something going your way Luckygirl. I am so pleased . Especially as you like the alternative house. Fingers toes and anything else crossed. ????

midgey Sat 09-Jan-21 19:08:09

Alleluia Luckygirl! Fingers crossed and all that.

Jane10 Sat 09-Jan-21 20:29:41

Surely this time all will go well. Fingers tightly crossed for you.

Oopsadaisy1 Sat 09-Jan-21 20:32:02

Keeping everything crossed that it all goes well for you.