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Would you sell again?

5 replies

Ilovecoffee123 · 29/01/2021 13:14

So my house sale and move fell through as someone at the bottom of the chain pulled out. The person who pulled out is the person buying my buyers house. She has put his back on the market and we are waiting for her to sell hers (will most likely be a first time buyer).
Our house was on the market for 210 and we accepted 205 as we wanted to sell quickly to avoid stamp duty charges and with covid didn't want a lot of people coming around our house.
As the people pulled out so last minute the house is a tip and we have boxes everywhere.
Question... would you put your house back on the market if you were us to try and get more money ot would you stick with the current buyer and just wait for someone to buy hers? (We sold to her in September).

OP posts:
Mamamia456 · 29/01/2021 13:48

No I wouldn't. You only accepted £5000 less and very few people offer the full asking price. It is annoying but people backing out is one of the things that happen when buying and selling property.

The same thing could happen again if you put it back on the market and were in a different chain.

ComtesseDeSpair · 29/01/2021 14:58

Agree with above. If your decision is principally based on money, an offer of £205k on an asking of £210k is very good, you’re unlikely to achieve more money unless there’s been a significant upturn in the local market. You could also end up with a lower offer. No guarantees.

If you need to move quickly then you could consider remarketing, but it’s still unlikely to be quicker for you to find a new buyer than to keep the one you have and wait for them to find another buyer.

organisedmother · 29/01/2021 21:44

I would add onto the price however much stamp duty will cost u now, tell your solicitor to send her solicitor an email then the ball is in her court.

CatAndHisKit · 30/01/2021 01:06

I@d give her around 2 weeks to see if she can get a good buyer, otherwise everything is in place so it would still take less time then with a brand new buyer who is also in a chain. If afetr two weeks she has no offers or her buyer is in chain, ou could try to re-sell.

Silkiechickscat · 30/01/2021 02:41

I'ld ask your estate agents advice but I would go back on unless she is likely to sell hers very quickly.

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