Sold out house to first time buyers quickly, all good. I had a post on here asking how long was reasonable for us to find somewhere and consensus was a few weeks/a month.
After two weeks we found a house to offer on - it’s not perfect and there are compromises but it’s in a great area which is important to us. The vendors are relocating and have an offer in on a property but nothing could proceed until they’d sold theirs. They accepted a low offer and we feel happy we got a good deal for the area. Again, all good - our buyers happy the chain is made and we thought things could move forward.
Except, my agent contacts the vendors’ agent to get things moving and he finds out that our vendors don’t actually have an offer in on anywhere and are considering some other properties. So actually nothing can proceed because they’ve lied. This remains the current position.
A property we would be interested in has come on the market - again lovely area and different compromises but bigger overall and may suit us better. However, the agents of this property are doing that annoying thing where they have one day of viewings so that viewers feel like loads of people are interested and think there is demand for the property. We can’t view until later next week.
Are we being unreasonable to keep the offer in on the first property, go and view the second property but not tell anyone (except our mortgage advisor so that he doesn’t progress too quickly on the first one)? Are we actually as bad as our vendors for doing this? I feel no loyalty to them because of their lies but I don’t want to mess our buyers around as they haven’t done anything wrong. Either way nothing is progressing yet because original vendors still don’t have a house. No money has been spent by me or my buyers.