Accepting a new off on home.

[EdgeOfGlory266]

Hi. At the weekend we accepted an offer from a man on our house. Since then a lady that had put in a lower offer prior to us accepting the offer off the man, has come back with a much higher offer than before. It's around £2k more than the offer we accepted. My husband and I decided we wouldn't accept this as we would hate for someone to do that on the house we are buying.
However, we have spoken to the estate agents who have confirmed that the intended buyer has yet to send them anything from their solicitors and have yet to provide proof of funds, despite the agents chasing him, he is not getting back to them. The woman however is ready to proceed today. She can provide proof of funds and has her solicitor waiting. What would you do?

I'd go with the woman - she sounds like she's more committed

I would ask your estate agent to give the male buyer until noon to provide proof of funds, mortgage offer in principle and details of his solicitor. All can be sorted quickly. If he doesn't, accept the other offer.

Go with the woman no question. It's not like the man has spent any money or wasted much time yet. £2k is £2k after all.

I opened this expecting to say the opposite but I'd go with the woman if he isn't getting back to them despite chasing.

Thanks for the advice. What I forgot to mention was each are with different estate agents.
We have spoken to the agents dealing with the man - who was meant to be a cash buyer - and they said they understand if we do make that decision. I think we will ring them in the morning and tell them to make him aware that his offer only stands until midday.
The offer with the man included all our white goods (integrated at the new house) so the new offer is 2k plus what ever we get from selling on our white goods. I feel real Crappy about doing it but if he is dragging his feet now, what's it going to be like in a couple of months time?

Selling your house is a business transaction and you need to do the best by you. Like you said if he is dragging his feet now, what will he be like as the process goes on? I'd go with the woman. The initial process can be done quickly. We had our offer accepted in the morning and by the afternoon had instructed solicitors, had our decision in principle over to the estate agents and by the evening had our mortgage application in process. Any update from the man?

No update from the man. We gave them until 12 today and nothing happened. We have officially accepted the ladies offer. I'm trying not to feel bad about it. Hard not to but to we are getting more money out of it and someone who seems to be more keen to buy. The lady is buying it for her, her husband and little girl. The man was an investor looking for a buy to let property. For some reasons it makes me happier knowing the family are going to live here.

Don't fee guilty. You have him a chance and he didn't take it. Sounds like you made the right decision.

Yes definitely the best decision. You need a committed buyer. Congratulations. Fingers crossed for a smooth exchange and speedy completion

As somebody who has been royally fucked around by a flakey buyer for 4 months (who pulled out last week 😡) do not have an ounce of guilt. My gut instinct told me these buyers were time wasters and in hindsight I've no idea why I didn't trust my feelings instead of wasting so much time!

Oh Bored how annoying! I would be completely pissed off. The lady who we've accepted from has now put in 3 offers on our home. I'm hoping this means she's quite keen. Only 3 people in our change. Fingers crossed for a quick transaction. Thanks everyone. You've made me feel better.