Keeping for sale property on market after accepting an Offer

Germanshepherdsmum

No seller should allow the buyer to mess them around for a year!

Absolutely! Why would you let someone mess you around like that?

If the property is available on the 'for sale' market it should say it's 'under offer'.

Fingers crossed for you for next Thursday ferry.

No seller should allow the buyer to mess them around for a year!

The whole buying/selling process in this country is seriously flawed and the conveyancing process is ridiculous. I see friends in North America, Australia and Western Europe selling, buying and moving in the space of a few weeks, but here you're lucky if you can get away with 6 months from start to finish.

I'm moving next Thursday and even before I put mine on the market I told myself to remember what it was going to be like, it's never, ever simple and not to let myself get over stressed. And here I am sitting here covered with eczema which I haven't had for ages - the last time I had it was when my Dad died 7 years ago. Only rears it's ugly head when I'm super stressed.

After this move, that's my lot!

The house we live in now was taken off the market after the previous offer was accepted and the purchasers messed the vendor around for just over a year. By then they had lost the other house they wanted to buy.

When we came along the day they put it back on the market it was all very quick as we had everything in place.

If you accept an offer and are messed around for a year you would not think that.

I found out, after I had moved into my new property, that even after I had paid a deposit it was being shown to other people.
One very disappointed man told me he had agreed to buy it and was only told after I had exchanged contracts that it was not for sale.

Germanshepherdsmum

Anyone making an offer on a property should insist that it’s immediately taken off the market if the offer is accepted.

Quite. Kirsty and Phil do this every time as part of the agreement.

Anyone making an offer on a property should insist that it’s immediately taken off the market if the offer is accepted.

It depends on the circumstances, there can be big gap between an offer coming in and proper legal work starting, someone can make an offer, but not yet have a mortgage offer, which might prove impossible.

If you have an older house, you may want to keep your options open until the building survey has been completed and you know whether the buyer is going to use it as an excuse for making a much lower offer, that you decline.

You may want the estate agent to do a thorough check on the potential buyers, claims, about their house ebing under offer, how long there chain is, how secure it is.

I can thing of an hundred reasons, you might want to keep your property open to viewings after and offer has been received and accepted, although I do agree once the survey is done, mortage approved, and the chain tested and the solicitors get down to work. Yes, after that, viewings should cease.

I completely agree with you. There’s an article in today’s Times about this exact issue. It’s really time that this was addressed. It encourages greedy and deceitful behaviour. Buying and selling property is already stressful without this.