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Should I take my house off the market?

8 replies

Despondenthouseseller · 05/11/2023 14:53

It's 10 weeks since we last had a viewing, and they were second viewers who first looked in June, one of which is a family who love the house and say that they are committed to buying, but they need to sell two houses to buy ours and the sale of both properties has just fallen through.
We have our eye on a property that we would like to buy, but we can't offer. We will be cash buyers from proceed of sale when we do eventually sell, so....could we agree to sell our house at £x and buy our new house at £x and wait for our buyers to complete on their sale and take our house of the market, along with the house we want to buy?

OP posts:
FallingAutumnLeaf · 05/11/2023 15:00

If I owned the house you wanted to buy, there would be no way I'd take it off the market for the state of your chain. Sorry.

rwc2023 · 05/11/2023 15:07

On a pinky-promise kind of basis? You'd be saying to your seller that you promise to buy their house sometime in the future, when someone else (who has to sell 2 houses in turn) might buy yours?

Seems a bit vague .... I guess you can take yours off the market whenever you want, whether it's sensible to do so is a different question. As above, if I owned the house you wanted to buy, it'd be unlikely I'd be in a position to take mine off the market too.

Karmatime · 05/11/2023 15:09

I wouldn’t take my house off the market unless the chain is complete. I also would not accept an offer from someone who needs to sell 2 properties neither of which are SSTC - have they even actually offered? If you haven’t had a viewing in 10 weeks you will likely need to lower the price to try to drum up more interest from someone proceedable.

ClematisBlue49 · 05/11/2023 15:32

If you hadn't found a house that you want to buy, would you be considering taking yours off the market? Probably not, I'm guessing. I would try to separate it out in your minds and focus on getting your house sold.

The problem is that buyers can be flaky and change their minds, even if they appear committed. So the risk is that you would miss out on a proceedable buyer in the meantime, and then fail to sell to the current potential buyers.

In any case, I can't see your vendors agreeing to take theirs off the market under these circumstances.

rainingsnoring · 05/11/2023 18:34

It's unclear whether you have even had an offer from these non proceedable buyers. Even if you have, you would be crazy to take it off the market until they have sold both properties and have a realistic idea of what they can afford. The potential seller will also not take their house off the market for you as you would be non proceedable buyers too.
Overall, if you have had no new viewers in 10 weeks and a house on the market for many months, you will v likely need to reduce your asking price signficantly to get some more buyers who can actually proceed through the door.

Despondenthouseseller · 06/11/2023 19:02

They made an offer when they were proceedable, which we were mulling over, but now their chain is incomplete.

OP posts:
LindorDoubleChoc · 06/11/2023 19:04

No. Why has there been so little interest in your house? It might be time to go for a downwards price adjustment.

KennedyClan · 19/11/2023 18:18

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