Hi everyone. Would love some advice on what do do in this situation as a FTB. I am currently in rental and after looking for a house for about 1.5 years, my partner and I had an offer accepted on a property 2 months ago. It is a lovely house that the current owners have been in for about 2.5 years, but I know we had to overpay to get an offer accepted. That said, I understand how competitive the market is in my area, and I'm just keen to be done with buying a house in England.
The problem is, the owners (young family) we are buying from told us that they are keen to stay in the same area, which I know from personal experience is very competitive (30+ viewings, always best and final). I am not sure if they knew how difficult it would be to buy, but so far, they have had no luck in getting any offers on properties accepted.
I was told by the owner that they would consider moving into rental, but because the rental market is also very competitive, they would need to be able to move into rental quickly. That can't be done right now as we haven't done any forward movement with mortgage applications or the survey, as we were waiting for them to find a house before we proceed. Not to drip feed, but the owners had this house on the market a year ago and then took it off, so I'm a bit cautious of them changing their minds again, hence us not wanting to lose thousands of pounds in legal fees and surveys if they are not serious about moving. When I asked the agent why they took it off, they said it was due to personal circumstances.
So mumsnet, that leaves me to my question. What would you do in this situation? My gut tells me not to proceed with the survey or mortgage until they find a house, because I find it a bit hard to believe that they would genuinely try to move into rental with a small family just to get our sale done, as we are at the end of the chain. I'm also wondering if I should continue looking for another house where the seller's situation is different while I still have this offer accepted (eg a house where the sellers are downsizing, moving to a new city, it's a vacant house). It would be so awkward if we saw the owners we are buying from at a viewing! :(
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"we are willing to move into rental" & uncertainty
16 replies
homeownerwannabe2022 · 14/05/2022 09:19
OP posts:
CellophaneFlower ·
15/05/2022 21:19
homeownerwannabe2022 · 15/05/2022 17:26
Aside from being wary, is there anything I can really do to make sure the neighbours are not awful? I was planning on getting a very thorough survey that would hopefully identify any major issues with the house and would pull out if anything was alarming.
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