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House with sale fallen through 3x. Should we be concerned ?

(6 Posts)
Brickswithstones Sat 25-Feb-17 18:19:38

Dh and I viewed a property which has had 3 sales fall through in the past year . Should we be concerned ? It's in a highly sought after area known for open days and bidding wars .

After the 1st sale fell through , the sellers took the property off the market and refurbished through out . It seems reasonably priced to us . Only thing we noticed at the viewing were a few cracks on walls which the EA claims are cosmetic . (Ofcourse , he'll say that ....)

We are FTBs and not sure if we are being unnecessarily silly about the 3 sales that fell through . We don't want to spend money on a survey if there is an obvious problem .
Is the EA legally obliged to tell us if the previous offers pulled out for structural reasons or will they skirt the issue and expect us to do our own homework ?
Very confusing , this house buying malarkey ......

birdladyfromhomealone Sat 25-Feb-17 18:48:35

They are obliged to tell you what has been highlighted on a previous survey but they dont have to show you a copy of the survey.
You still have to have your own done.
We viewed a property that the survey showed rising damp and a damp proof course that needed lowering.
We didnt offer.
Ask the EA why it has fallen through.

crabwoman Sat 25-Feb-17 19:31:07

Sales fall through for a multitude of reasons, not all due to surveys. Our first house had two sales fall through before we brought it. We were concerned so asked the estate agent. One was due to a close bereavement and the other had issues obtaining a mortgage (this was 2009 so slap bang in recession).

Surveys themselves are quite subjective. First time buyers are often spooked by a survey highlighting potential issues that won't bother seasoned homeowners.

Brickswithstones Sun 26-Feb-17 15:30:16

Thank you both for responding .
We'll speak to the EA and see what we can get out of them .
We're just trying to avoid the cost of a survey if there is an obvious problem .
Crab you're right, as FTBs we get spooked easily . Just tying to minimise all the possible things that can go wrong .
Thanks once again .

RinaH Sun 26-Feb-17 15:38:59

We are selling our house and it has fallen through x 3 times. Each time the buyer went back to mortgage provider they asked for a higher deposit. Nothing to do with house - just tighter lending as the months tick by. So many are falling through in London because of tighter lending now.

Brickswithstones Sun 26-Feb-17 16:07:36

Sorry to hear your sale has also fallen through Rina. I hope you get it sorted soon .
It just seems like there are so many hoops to jump through.

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