I would welcome some advice on this situation, we are really torn. I'm changing a few details just in case.
We are selling a house in outer London. We have relocated and want to sell asap. It went on in December for £380k and after a bit of messing about with people who weren't sure what/if to offer we accepted an offer for £365k. We made it clear we wanted to crack on and ideally compete before end of Jan. Of course that didn't happen but surveys etc were complete by then and we were just waiting on buyers' mortgage offer. EA and mortgage broker both indicated that this was a matter of rubber stamping.
We have now found a place to buy so we want to crack on even more. But our buyers have finally been refused mortgage after weeks of faffing. This happened Friday and we weren't sure what they could do so following recommendation of EA we agreed they could remarket it and they showed 10 people round on Sat. Also on their advice it went back on market for £390k as market is rising. I told EA we would still be willing to sell to original buyers at agreed price if they could salvage things.
Over the weekend and today we have heard that the buyers run their own business and are blaming their accountant for supplying wrong info to lender. They are approaching a new lender.
We have also had two new offers after the Saturday viewings, both at £400K
I just don't know what to do. I feel we have some moral obligation to the original buyers, and we are all ready to exchange when/if they get their mortgage. But are we just handing them £35K? It's so much money to say no to. I was thinking of giving them a short time to salvage things and get to exchange... I'm trying not to just see the £ signs...
Anyone any experience/advice?
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Selling a house- moral dilemma
62 replies
CelticPromise · 10/03/2014 18:59
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