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Accepted offer on my house but can't find anything

12 replies

bigtimer · 22/09/2019 22:47

We accepted an offer on our house 4 weeks ago but we still haven't found anything for ourselves.
How long do I have before my buyer pulls the plug?
He's a first time buyer.
We have put an offer in on a few but to no avail yet.
The stress of this is not good.

OP posts:
BackforGood · 22/09/2019 23:10

Totally depends on the buyer - not something any of us can answer.
However, why not look into possible rentals as another option, rather than feeling pressured into buying something that isn't really what you want.

Takemymeditation · 23/09/2019 18:19

I'm in the same situation. I'm planning to put everything into storage and stay with anyone that will have us!

PotteringAlong · 23/09/2019 18:21

That’s what we did, everything into storage and we found a holiday let nearby that was happy to have us for 4 months.

JoJoSM2 · 23/09/2019 19:43

Are you waiting to hear back about your offer or has it been turned down? Any viewings lined up?

ChocolateOrangery · 23/09/2019 20:04

We did the same - it's stressful! However, keep communication going with your buyer and be as honest as you can. If they're a first time buyer and there's no chain, there's less pressure. Luckily for us, our buyers were renting so they were reasonably happy to wait but we were careful to keep them updated so they didn't give up. Be clear about what you are looking for, and keep the faith that something will come up! Fingers crossed for you.

MadamBatty · 23/09/2019 21:07

I’m in the same situation, rental prices here are horrendous. Think I’ll have to press on though

BernadetteRostankowskiWolowitz · 23/09/2019 21:09

Its buyer dependent. We agreed a sale on ours to FTBers on the agreement that they were happy to wait for us to find something. We accepted their offer in May and had an offer accepted eventually in August. We moved late October. They seemed perfectly happy with this as they were livi g with a parent so it gave them a good few months to save more

bigtimer · 24/09/2019 00:34

Thanks for replies
Off to see my agent tomorrow to keep them updated

OP posts:
ConfCall · 24/09/2019 08:05

This happened to my parents in the 1980s (they had a great offer from a cash buyer who’d heard through the grapevine that my parents were getting our house valued with a view to marketing it) and we moved into my grandmother’s house for about two months in order not to lose this buyer.

I’d do the same now. It’s a buyer’s market where I am.

As others have said, it depends on the buyer and their circumstances though.

Biwurlu · 24/09/2019 08:08

It depends how unique your property is!

hittheroadjack1 · 24/09/2019 23:47

I did this this year. I had a child to settle into school, a newborn baby and couldn't wait any longer. It was a lovely house but after 18 weeks and the seller being no further forward, we pulled out.

Wildwood6 · 25/09/2019 14:32

We were in the same position as this during our last house move, also with first time buyers. As they weren't in a chain they were happy to wait. Their only proviso was that they wanted the sale go through before their mortgage offer ran out, which was valid for six months. In the end it was very near the six month deadline, and we very seriously considered going into rented accommodation as they were such good buyers. We were very honest and kept them informed the whole time and it did go through pretty smoothly (albeit very slowly!).

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