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Would you relist?

104 replies

Tablechairtable7 · 08/07/2021 10:21

We listed our London property 3 months ago, and got offers over asking price. We went with one buyer who said they’d proceed quickly, and was the middle price and not the highest.

Three months down the line, they still don’t have their finance sorted. They respond quickly to questions, but they’ve had trouble getting a mortgage and still don’t have it in place.

Our solicitor says she hasn’t heard from their solicitor at all.

Now our EA is telling us our property is worth more than they’re paying, and that if we want to relist, she’s confident she can get a buyer quickly.

I don’t want to be unfair to these buyers, but we were supposed to have moved on June 30 (that didn’t happen) and now the July date we’ve given them probably won’t happen either.

I know a new buyer would take longer, but I feel a little bit like we’ve been strung along by people who can’t really afford our property anyway…

Should I relist? (If we do, the EA isn’t planning on re-marketing, she is going to go to her list of people and do off-market viewings.)

OP posts:
user1471538283 · 17/07/2021 14:13

Your buyers don't have the money. They probably haven't got the money for the solicitor either.

I would re list immediately.

LongTimeMammaBear · 17/07/2021 14:28

Hope today goes well. Beautiful weather for viewings.

Tablechairtable7 · 04/08/2021 18:23

I realised I never updated about this!

We did relist and we had the viewing day. We got offers over the original price we were selling it for, which is great.

The buyer we accepted went under offer themselves a month ago, so they’re keen up to move quickly and want it all done by late September.

Hopefully this sale will go smoothly!

Thank you again for all your help with this. It was the push I needed!

Also, DH told our previous buyers that we were under offer with someone else (they asked to stay in the loop) and, apparently, they are still waiting for the “piece of paperwork” they said they were waiting for ages ago!

OP posts:
SausagePourHomme · 05/08/2021 23:24

Good update! Pleased for you, you did the right thing.

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