Taking my house off the market after sold stc

[Toulouses]

I recently put my house on the market due to financial issues. House sold, fairly quickly, but I now had a slight change in circumstances and don’t have the same financial issues. If I continue with my sale I will be limited in where I can move to. If I wait a couple of years I will have more freedom to choose where I move. I’m less than a week in, and no money has been spent by either side. I feel bad that the EA has worked hard to find me a buyer. What are the general views to doing this at this stage? Is it too late?

Do what's right for you ... it's as simple as that .

No it's not. Lots of people do it. It's not pleasant but it's happening a lot at the mo.

Some money will have been spent by the other side on their solicitor. It may only be a couple of hours’ work preparing the file but let’s acknowledge it eh?

I'd want to reimburse what the other side have spent on their solicitors so far. But it iant required and you sont need it. I just dont like the English system and think it's very unfair to cost them any money.

You may well still need to pay the estate agent fees, as they have found you a procedable buyer.
But if you are going to pull out, do it sooner rather than later.

I'm in Scotland so things work a bit differently if you're in England but you may still need to pay the EA something so worth checking that.

If you're sure your change of circumstances are permanent and you won't need to put your house back on the market in a few weeks time due to it changing again then of course pull out if you don't want to move. If however, you could potentially find it changing again you might not find a buyer so quick next time so just something to be prepared for.

It is shitty for the other side though so the sooner you decide the better so that they can start looking for something else and not waste more time/money on yours

If you are going to do it, do it asap. We had this happen to us but our dream home came on the market a few weeks later so it wasn’t the end of the world and in hindsight, seller dropping out was the best thing to happen. But pleaee Let your buyer know asap!

It's fine, but do it ASAP so that the other side doesn't lose out.

It happens that people change their minds and you just have to be honest about it and pull out. You may feel bad but you have to put yourself first

My vendor pulled out after 7 months conveyancing, my legal fees, survey and lost early repayment charge for the mortgage I was hoping to port across, so no, it's not too late after a week, if you are based in England.

If you are going to pull out, do it sooner rather than later. There's no point stringing it out, and your buyer can move on with finding somewhere else.

Pull out now. It's possible the buyers haven't incurred fees yet. Most people would wait for the chain to complete before starting, and some conveyancers don't charge if you don't complete.