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Anyone house selling to a hong kong buyer?

7 replies

Blibbler · 27/03/2021 16:43

I've had an offer on my house from a buyer in hong kong. They used an agent to come and view the house on their behalf. I would ask the EA to confirm proof of funds and the buyer to use a UK solicitor if we did accept it. Is this a terrible idea? A buyer who is flexible on timescale would suit me as I'm juggling a long distance move to an area with few houses coming up.

OP posts:
korawick12345 · 27/03/2021 16:56

No reason for it to be a problem. Lots of people by property in different countries to where they live everyday

Sweetmelody72 · 27/03/2021 17:29

Yes - we exchanged yesterday and complete on Monday. They viewed over FaceTime but I know that some buyers use agencies. They have a UK based solicitor and we have communicated directly with them too.

Sweetmelody72 · 27/03/2021 17:31

Been no different from selling to a Uk based buyer after from the fact that, having never bought in the UK before, they needed quite a bit of hand holding which we were happy to do as lovely genuine people.

Blibbler · 27/03/2021 18:30

Thanks everyone, my estate agent was just less than enthusiastic about it which made me think they knew something I didn't and made me doubt myself.

OP posts:
Yellownotblue · 27/03/2021 22:00

I used to live in Hong Kong, and I know a lot of Hong Kongers who have bought property in the U.K. that way. It’s really nothing suspicious or to be afraid of. HK property is extremely expensive, so by comparison everything is a bargain here. It’s also fairly common for parents to buy a flat for their children to start them up in life.

kenzone62 · 13/07/2024 17:20

how do i sell my house in the uk to a hong konger a lot of hong kong familys have bought in my town warrington cheshire greater manchester

TheRoseTurtle · 13/07/2024 18:02

I remember seeing a thread recently - perhaps on the Reddit or MSE property forums? - about someone having enormous problems at the last minute with a Hong Kong buyer. Unfortunately I don't remember the details but it related to the transferring of funds (some interplay of time difference + exchange rates + money laundering checks?). Might be worth asking your agent if they have any experience with this kind of buyer or they know other agents who have. You might then get some hints about what it is that's putting them off.

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