How long do you wait?

[blueskyday12]

When you are a buyer, how long should you wait for your seller to find their next home?

I have an offer on a property that I am quite keen on, and am planning on offering a very generous best and final offer to (hopefully) be done with this awful 1+ year house search! My doubt is that the sellers do not yet have a new home to move into, and they said that they haven't even started their search because other agents won't show them houses until they are proceedable/have their house sold STC. Fair enough in this market, but I'd love to know how long others have waited in this situation before they ended up moving in to the house or walked away.

We waited 6 weeks for our vendors to find an onwards purchase,but we are on week 24 an still haven’t completed!

Some houses that sold months ago are coming back on the market so my assumption is the buyers got fed up of waiting.

Oh wow! It's hard with the market we are in, isn't it? When you had your offer accepted, did you mention how long you are comfortable waiting for?

Have they started looking online? Do they know where / what they are seeking?

Even when they find somewhere - their sellers may have not found so it can all take ages!

No we didn’t but we had a timeframe in mind,we said 8 weeks but that all depends on how much you love the house,just don’t apply for your mortgage yet or spend any money.

Yeah good point about holding off on any expenses! The people we want to buy from want to stay in the area, so if that is true, they will be searching in the same post code that I've been searching in (competive, fast moving). They bought the house in 2020 and now, it will sell for about £100,000 more than they bought it for, so my guess is they want to get a "better" house now thay they will have the extra £.

This rule about EAs only showing round people who are ready to proceed is understandable in some ways but proved to be a real pain when I was selling last year. In fact several of the viewers were not really ready to proceed - they had just done a bit of blagging.