Ok, that's probably a rhetorical question, but I'll persevere.
We accepted an offer on our property 3 months ago from a couple who had sold their property and we're now in a complete chain of 5 (we're number 3), waiting on an exchange of contract date. Just been informed by our EA that our buyer's buyer has today missed a deadline to submit a mortgage in principal offer. As our buyer's sale was in place before they even viewed our property, this must be at least 4 months on from them accepting their buyers offer! This is the first we have heard of this.
Our buyer's are selling an expensive (for these parts) property and are using a high-end EA who supposedly vet viewers and, potential buyers to weed out time wasters and so charge 4x as much for their services. Our sellers are using a bog-standard EA and they wouldn't formally accept our offer until we presented a mortgage in principle offer. We did that 3 months ago. I don't understand a) how we're this far along without the offer being in place and b) why we haven't heard about it until this point. Not sure if our EA, their EA or both are at fault in this. Feel we've been misled into selling our property to people whose sale wasn't solid, (we were told they're cash buyer's - downsizing - who had an agreed sale). We've been asked to give them a week's grace to contact people who also made offers on their open house day. Whether those people are still in the market to buy, or would wish to buy post-Brexit, is a whole other issue. I fear our chain is about to fall through and want to know if I can legitimately go ballistic at the EAs. Any opinions, advice, similar horror stories are welcome!
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Ethical EA behaviour?
7 replies
princeismagic · 27/06/2016 18:26
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