Chickens, eggs, birds, hands and putting property back on the market

[Amethyst24]

Sigh. My flat went on the market on 19 March at a v ambitious asking price (London). Asking price was £299K.

Open day on the Saturday, there were 12 viewings. Of those, 3 made offers. 1 below asking price, 1 at asking price, 1 10K over. EA asked for best and final.

Lowest offer went to £290K, asking price went to £305K, other went to £328K. So I accepted and opened champagne, then instructed solicitor etc. After all seeming totally normal yesterday, today the buyers contacted the EA and pulled out. Obvs these things happen.

EA has gone back to the second potential buyer, who hasn't yet said whether she will put her offer back on the table.

If she does, should I accept? Or should I take the view that if one person thinks the property is worth £328K, others will too, and ask the EA to do another open day? The property is currently let, tenants are moving out mid-May, there's no chain. I won't be buying until the end of the year and can manage without the rental income for a few months if need be.

WWYD?

Why did your buyers pull out? If they thought it was actually overpriced and then weren't prepared to pay it then you should take the second buyer as it will probably happen again.

How quickly do you need to move?

Thanks Possum. Reason given was "change in personal circumstances". Could mean anything or nothing. No rush to move - can't be before September at the earliest.

Put the flat back on the market and see howuch you are offered?

Maybe they didn't get their mortgage approved. I would be inclined to put it back on in the current market. Has gone a bit crazy where we are and everything is going for over asking price.