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Scare our buyer may find a “better” property

8 replies

sk1601 · 22/12/2019 20:38

We have sold our 4 bed semi-detached house for the full asking price. Great area, house has had a lot of work done to it and is in move in condition.

We are due to complete in January but I have this overwhelming fear that our buyer will find somewhere ‘better’ and pull out. I’m hoping we exchange soon and I can relax a bit. The system for buying/selling in England is so stressful.

There’s a very similar house a mile away, same age, same house builder, well decorated, but it’s detatched, which I’m guessing makes it more desirable. It has very slightly smaller rooms and only 3 bedrooms but it does have a garage unlike ours which I suppose could become a 4th bedroom. It’s the same asking price as ours but I think it will sell quickly, possibly over asking price as the market is busy in this area.

I just feel so nervous that our buyer may see it online and have second thoughts. Do buyers with an offer accepted still keep an eye out online?! I know that we’ve seen potentially better properties than the one we are buying but we are committed to our purchase.

I know if our buyer pulled out the we’d have to suck it up but someone help keep me sane!!

OP posts:
JoJoSM2 · 22/12/2019 20:43

So it’s detached and has fewer bedrooms. The garage could be converted but the bedrooms would still be smaller and one of them would be downstairs... Stop worrying.

Southmouth · 22/12/2019 20:49

We recently went through all of this and I kept thinking the same.

We got full asking price for ours, however at the time we had our buyers lined up a house just round the corner went up for sale which was cheaper but was slightly bigger, larger garden and garage. I kept worrying that they would see that then pull out on ours as the house we were looking to buy was just problem after problem and taking ages to sort anything. But they held out, I don’t know whether they saw the other property for sale, or just stopped looking but the sale went through!

sk1601 · 22/12/2019 20:51

I’m keeping my fingers crossed! The detached property is very slightly smaller, they have a garage, we don’t. But we’ve got one more room. It’s just nerve wrecking

OP posts:
Southmouth · 22/12/2019 20:54

Personally the extra room that you had would draw me to your property rather than a garage.

But I remembering having many sleepless night worring about such and thinking if we would ever actually move!

Khione · 22/12/2019 22:13

My house sale fell through twice before I completed last month with the 3rd people.

I didn't expect either of the first 2 to pull out. Still don't really know why the first ones did BUT I knew immediately they offered that the ones who actually bought it wouldn't drop out.

It was a big advantage of doing my own showings that I could see how smitten they were from the word go. They are also lovely people and I think they will make great neighbours (I built a new house in the garden that I now live in.)

mathsquestions · 22/12/2019 22:27

Have you exchanged?

sk1601 · 23/12/2019 07:13

Not yet. Hopefully should in a few weeks

OP posts:
taybert · 23/12/2019 09:09

It’s very stressful and anxiety provoking.....however, there is literally nothing you can do about this. They could see the house and withdraw their offer on yours, or their funds might not come through or one of then could lose their job and have to withdraw or about a million other things could happen, none of which you have any control over whatsoever. Equally, there are hundreds of reasons that might make you withdraw the house from sale, which they don’t have any control over either.

It’s horrible, but you just have to go with the flow. If there are areas where you can help things go smoothly (answering queries quickly, allowing access for surveys etc) then focus your energies on those areas. Try to enjoy your Christmas!

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