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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Estate Agent's Cash Buyer

27 replies

WordlePoodle · 19/10/2024 14:23

Hello,

Posting in AIBU to hear more opinions/experiences on this.

We are looking to sell our house and talking to multiple estate agents. We haven't confirmed anyone yet.
3 days back, one of the estate agent called and told us that he has a cash buyer and interested to buy in your area and would like a viewing. Cash buyer already lives around this area and knows the town. We agreed for a viewing, cleaned and prepped the whole house.

5 minutes before the time, agent calls and tells us that the buyer is not interested. Buyer went on a walk on our street and they think it is too noisy/busy. They don't think they can live here. 5 minutes before the meeting!

AIBU to think the agent is being an absolute liar and based on this , we shouldn't be proceeding with him.
This is the first time we are selling our house, so new to all this.

Here are the reasons I think he is a liar

Flag 1- He was not clear on our further question on how keys will be handed over for this viewing.

Flag2- Cash buyer is renting here in the area, so knows the area very well already.

Flag 3- he said the buyers are pensioners. This is an out and out commuter town. Why would a pensioner be interested in this place.

AIBU- this happens more often that you can believe.
AINBU- He has lied and could be unreliable in dealings with him in future.

OP posts:
ohtowinthelottery · 20/10/2024 15:58

I'll admit that I haven't bought or sold a house in a long time but I would take the term 'cash buyer' to mean someone not in a chain, but who may still be arranging a mortgage (although I'd expect at least an AIP in place).
Surely it's the presence of a chain that delays a purchase/sale rather than the mortgage.

insideoutsider · 20/10/2024 17:57

I had an estate agent we were considering, do similar. They had 2 people lined up, waiting for a phone call back from them, in the meantime, let's sign the contracts etc. I told them I would let the viewing take place and then sign the contract / pay them their fee etc
The buyers never materialized. I eventually went with the larger, more established but more expensive estate agent.

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