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Property/DIY

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Original poster

what to do now...

13 replies

robertsmithscorpsebride · 09/07/2021 11:51

Okay so we sold our house really quickly to a FTB, all seems to be going well with that (as far as I know), had offer accepted on a house and completely in love with it, its perfect in every sense. Been nearly a month and vendors haven't found anything to offer on so have taken their house off the market - absolutely gutted :(

Hardly anything on the market now in the preferred areas we want to be in, got a few viewings booked in but my heart isn't in it really as nothing compares to the house we thought we were purchasing. So do we cast net further afield (issues with schools etc) or take our house off the market? I really want to move (hate neighbours and their barky fucking dogs) and really don't want to let our buyer down, but running short on options at the moment.

To make it worse everyone keeps telling me this is meant to be and has happened for a reason, I really don't see this as a good thing right now and its making me really angry and grumpy with everyone .... argh.... any helpful advice? Should I keep looking for the next couple of weeks or cut losses now?

OP posts:

Original poster

robertsmithscorpsebride · 09/07/2021 11:51

anybody else been in same boat and what happened??

OP posts:

HeartZone · 09/07/2021 11:56

Rent for six months. That’s what we did. Puts you in a brilliant bargaining position ( nothing to sell).

Mydogisagentleman · 09/07/2021 11:57

Not been in the same boat, but I would be inclined to take. Yours off the market before your buyers start spending money on stuff.
I would also be phoning estate agents and asking them to phone you if anything comes onto the market where you want to be

Original poster

robertsmithscorpsebride · 09/07/2021 11:59

I thought about that heart but I think rental properties are few and far between at the moment also, plus we have an elderly dog which I'm not sure would go down that well?

yeah mydog my worry is with our buyers, its not fair on them is it :( argh......

thanks both

OP posts:

Welshflowerpower · 10/07/2021 02:57

So sorry OP that’s awful

I think it’s going to become extremely common just now with the lack of properties available.

I’d go against the other poster and say don’t rent because at least now you are in a secure position in your own home. Don’t give that up until you have something else to move onto. People are selling their homes to move into rented accommodation then finding themselves priced out of the market and either stuck or having to compromise. I think you’d need to be honest with the buyer though and try and find out how long they’d be willing to wait. A FTB could go either way.

It’s so easy for people to say the same old ‘it wasn’t meant to be stuff’ but I’m a bit like you and none of that helps me. I like to wallow and acknowledge the shitness of the situation
So in reality - it’s absolutely balls that the house you loved is no longer available but hopefully one day you will find another house that can be almost as good if not quite. You’ll probably still hold a torch for the other one for a good while though. I’m mourning a couple myself at the moment so I know how you are feeling - we hadn’t got as far down the line as you though.

GaspGulpScream · 10/07/2021 09:09

I would sit tight and take my house off the market

MarmaladeTeepee · 10/07/2021 09:31

I'd be honest with your buyers and just say you're looking but nothing's come up yet are they happy to wait. The vendors might suddenly see something they love and rush to relist their house in which case I imagine the estate agents would be straight on the phone to you, or something new might come up which you love in which case you're in a good position to put an offer in. It took us 6 weeks to find somewhere we liked after accepting an offer from FTB and it's been another 8 weeks since then and we're finally (everything crossed) at the point of being able to discuss dates as one of the solicitors in our chain was ridiculously slow. Our FTB love our house and with the market going crazy then slowing right down have been happy to wait, yours might be the same?

sarahc336 · 10/07/2021 09:32

Why can't you just sit and wait for another property? We're under offer and we can't find anywhere but I'm not just going to take my house off the market because surely something will pop up soon? Everyone is in the same boat at the min, I'm sure your buyers will understand xx

readytosell · 10/07/2021 09:36

I agree with not renting. I was planning to do this when I was thinking about moving before, but it's a crazy competitive for anything decent and 12 months are now pretty standard.

It's very frustrating market at the moment. However, do you think you would easily resell your place?

I'm in a chain that still isn't complete, but I keep looking anything else that comes along but nothing really much is. But I know if my buyer pulls out it would be quick to find another buyer.

It seems quite common that first buyer and first seller aren't the ones people are ending up with when they finally move, so keep looking.

And yeah, two fingers up at the people who keep telling me 'what will be will be'

Thisisthemonth · 10/07/2021 09:38

we ended up in an air bnb on a 6month negotiated rate (we had a dog too)

TheGallopingGourmet · 10/07/2021 09:45

I would say proceed with sale and rent but beware of rising house prices. Those neighbours and their dogs are not going to change (unless they sell). Was that the real reason for your sellers pulling out? What was their reason for selling? Sounds odd to me. Is it possible they accepted your offer and then changed their minds thinking they could have got more? Just a thought. If they are genuine about selling surely their house will come back on the market. If you have sold and are renting it would put you in a very good position.
Good Luck

Original poster

robertsmithscorpsebride · 12/07/2021 09:51

thanks everyone :)

welshflower its good to know other people need to wallow too (maybe its a welsh thing :) )

We viewed 8 this weekend, one of which was amazing but right at top end of budget and on a busy road (which puts me off but not DH) we have 2 more tonight and another 2 tomorrow - its exhausting and I'm so bored of it now.

I've emailed estate agents to ask whether our buyers are prepared to wait a little while, guess it depends what he says. I know this house would go quickly again if put back on the market, in fact, after some of the viewings we've had this weekend its made me realise whoever gets this house is v v lucky (so long as they don't mind stupid noisy neighbour) again, that doesn't seem to bother anyone else in the family except me.

Watch this space.....

OP posts:

umbel · 12/07/2021 14:22

Same happened to us and it is shit, I agree. You can take your que serás and stick them! We’ve been very lucky in that our buyers are prepared to wait, so don’t give up, but do communicate with your buyers about the situation and see how they feel about waiting - you never know. The other thing maybe you could do, depending on how long you are prepared to wait, and whether you felt you could trust them, is to approach your ex-vendors and ask them what their situation now is. If they are still wanting to move but cannot find anything, you could tell them you are still interested and willing to wait a little longer. Good luck!

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