To withdraw offer?

81 replies

Gill123789 · 24/09/2023 21:47

Viewed a house on Monday and put an offer in on Tuesday, I live in Scotland - so we’ve offered 2k under Home Report. The house is an ex-rental and needs a lot of work, it’s a 4 bed detached.

I called the estate agent on Wednesday to see if there was any feedback on our offer - I was told that sellers were hoping for a 1st time buyer to avoid ended up in a chain - we have a house we’d need to sell. I agreed to sit tight until the end of the week as they wanted to allow other viewing to take place before making a decision, it was hoped we’d have an answer by Saturday.

I chased the estate agent on Saturday, to basically be told the same sort of scenario. Estate agent did confirm that as of Saturday we were the only offer. Now the house is a 4 bed detached so estate agent did tell me that they’d tried to explain to the seller that it might not be the type of house a 1st time buyer would go for. I’m expecting to hear back from the estate agent tomorrow.

I am anticipating that they might try and ask us to hold out for a bit longer, I feel like our offer is likely being used to try and sell the home to others. AIBU to tell them if we don’t have a decision by Tuesday (1 week after initially offering) we are withdrawing the offer?

OP posts:

Original poster

Gill123789 · 25/09/2023 18:47

AllAboardTootToot · 25/09/2023 09:29

You are only seeing what comments you want to hear!

People are correct, get your house on the market and be in the chain, no one would be daft enough to take their house off the market for a buyer that’s not even close to completing.

Wake up and realise the reality you are in.

Why ask the question if you seem to be such a know it all anyway?

My offer was accepted… that is the reality I’m in.

OP posts:

SomeCatFromJapan · 29/09/2023 11:02

OP I see you've had an offer accepted, so congratulations! I just wanted to say that friends have just accepted an offer on their house with the buyers yet to sell as well, at the advise of their estate agent who said the buyer's home would sell quickly. So clearly it is still happening in Scotland, although some vendors might prefer another offer obviously.

threelittlescones · 29/09/2023 12:19

Congratulations! Good luck with your new home 😁

MrsSlocombesCat · 29/09/2023 12:26

DoubleFunMum · 24/09/2023 22:26

When we moved in 2021 ( in Scotland) we had our offer accepted before our house was even on the market. We got our house on the market within a week and went to closing date 9 days later. Got 5 offers, no problem. Perfectly normal practice here. I'd be telling the estate agent that your offer decreases by £500 per day until they accept!

The market is very different from 2021. My son has a flat near Edinburgh and it’s been on the market for months with very little interest.

MrsSlocombesCat · 29/09/2023 12:28

Wheelz46 · 25/09/2023 07:18

@Gill123789 I am not sure how you can be sure your house will sell within 2 weeks of being on the market, at the very least the people you are wishing to buy from will not know that.

Reading through the thread it seems you are from Scotland, I am from the UK so buying and selling may differ slightly.

When we moved house, we had a few offers on the table but I would not have an accepted an offer in your scenario or I may have accepted it in principal but made the potential buyers aware we will be continuing with viewings and open to other offers!

Scotland is part of the UK.

Wheelz46 · 29/09/2023 12:30

@MrsSlocombesCat yeah it is, it was early and I meant to put England!

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