MegaSack DRAW - This year's winner is user - rgwb
We will be in touch
We are trying to sell Mrs dB & her ex's house, we were due to complete on 24th March but small chain collapsed due to covid 19 but we still have the original buyer on the hook in an "oven ready deal" but they no longer have a buyer and are back on the market & desperate to be able to move (divorcing couple). Mrs dB's house is empty & we just want shot of it (interest only mortgage & bills to pay 😕) but do we stick with original buyer or put it back on the supposedly current bouyant market 🙄.. Located in High Wycombe so London commuter zone & an ideal cheaper end of the market doer upper if that makes any difference.
Has it got a garden? They are selling well at the moment.
I'd stick it back up. There's no guarantee that the current 'buyers' will get a sale or, if they do, may be in a chain.
They may get a buyer quickly and could still buy but if you want shot of it, put it back up.
If the market is buoyant then my feeling is that they should get a buyer pretty quickly and we'd be foolish to loose a buyer that we'd only got to agree a completion date with. But depends on what they are trying to sell I guess.
Yes it does have a half a garden... plus another half which officially belongs to a long since dissolved developer..
Why would you not? The original buyer can still buy it if they want, no?
The offer is there - but they are not a buyer.
Tell them it's either going through asap or its back on the market.
We had similar last year, explained to the buyer that they were our preferred buyer but that we needed to preserve the upward chain so we're putting it back on the market. We'd already incurred time with our solicitors so would rather not have had to redo that but if needs be would have done.
As it was our buyer did get an offer and the added risk on their side meant that they were willing to accept a lower offer on their house to secure ours.
Thanks - think we might be overly worried about loosing the original buyer as its been quite a process getting to this point - getting her ex on board to sign documents etc when they have no interest in the sale blah blah
If your buyer cannot buy, they are not a buyer.
If your buyer cannot buy, they are not a buyer.
Yeah but are they anymore likely to sell than we are?
Put it back up, we've been told by a few estate agents in the last few days we could get more money now simply because we have a garden and its what people are wanting right now. Few of them claimed to already have buyers for above the asking price previously given...
If your buyer no longer has a buyer, they are not a buyer. They are just desperate to get out of their predicament. Up to you if you want to help them and potentially get stuck in a chain waiting for them to sell theirs, you could miss an actual sale going ahead because you're waiting for them.
Relist it but say they are the preferred buyer if they sell soon; best you can do. Suspect you’ll sell it again inside a very short space of time.