Hi, my husband and I are first time buyers and have found our idea property and put an offer in.
So far, we have had our offer accepted by the seller, started the process with a lawyer, had the application accepted by the bank and are now waiting for the bank to carry out the valuation, so that our mortgage can be formally issued to us.
However, I am feeling a bit nervous about the seller but mainly the estate agent. When we got the letter of acceptance from the estate agent, on the Memorandum of Sale the offer conditions state that "Aim to exchange contracts within two weeks of purchaser's solicitor receiving draft contracts". A week later, once we had gone to the bank and reserve mortgage, the estate agent stated the property wont be available till July.
Alongside the Memorandum of Sale, was a letter from the estate agent stating - "Following instructions from the seller, I can also confirm that the property will not remain on the market". What doe that mean for us - the buyer? Should the property remain online marked STC, and should the agent be adding new pictures to it every week, like it is still being advertised, as this is what he has been doing.
Should we be concerned? We don't want to be gazumped as we really like the property.
Please or to access all these features
Please
or
to access all these features
Join our Property forum for renovation, DIY, and house selling advice.
Property/DIY
Worried About Estate Agent
6 replies
jisJis · 03/04/2016 12:56
OP posts:
Please create an account
To comment on this thread you need to create a Mumsnet account.