I have a relative who is desperate to sell their house and has received a very good offer that they are considering accepting. The buyer has offered a down-payment now to secure a sale with completion in a few months.
Two things concern me:
- That offering a down-payment with later completion date is simply a way of securing a house with an attractive offer only to then whittle down the price before completion.
2)The property suffered flooding in the recent storms and I do not know if this has been revealed to the buyer. I feel it should be. If the buyer does not find out about this before completion, could they then sue my relative if they find out they did not reveal this before the sale?
Any advice much appreciated - thanks