House selling buying process for dummies

[Withaddedlint]

I’m in England, wanting to sell my house and would use the sale of the house as a deposit on my next home.

can someone please tell me, step by step , what the process is , and at what point you could make the most financial loss if your buyer pulls out?

my house is “bottom of the food chain” as it were, and it attracts a lot of bargain hunters iyswim. Both times I have sold within days and both sales I have been offered well above asking price. However not long after, I’ve pulled out before any costs for either side as I’m worried I will get knocked down in the nth hour and I would lose a property I want to buy . ( yes I have anxiety heightened by me not understanding the process fully and worry i would lose out . I am a lone buyer so every penny counts.)

can anyone give me advice and also tell me what happens when and where it could go wrong if a buyer tries to get the price lowered when I’m in my crucial stage of my buying (maximum loss to me)

if I list a fixed price would this still happen?

im not sure if this even makes sense 🤦‍♀️

help 🛟

thank you

As a buyer I pulled out and lost approx £700 on solicitors fees that I had already paid - I don’t think the seller lost any money at that point .

maybe you should sell your house and get the cash and then stay with a friend/family whilst you find a house to buy . You sound very anxious and to keep cancelling your buyers is unfair .

I second @Fidgety31 ‘s advice. Take it in stages. The scariest bit is being in the middle of a chain that you can’t control. Selling first reduces the complexity (and also makes you a more attractive buyer when the time comes).

Our buyer has just pulled out 5 weeks into the sale, because their buyer pulled out which means I've pulled out of my purchase. It's a knock-on effect. The process for selling & buying houses in England is antiquated. It isn't fair you could pulling the sale, as it's messing other people around. There are no guarantees when it comes to selling your property.

You pulled out on people twice?

Maybe they aren't like you and wouldn't do that to someone. Its really not nice, you got their hopes up and ripped the rug out from under them for absoloutly no reason when they did nothing wrong.

Its not nice to treat people the way you don't want to be treat and the 'Im pre-empting them doing it to me' is not really an acceptable excuse for unfair behavior towards others.

Are you seriously saying you have twice accepted offers and then pulled out just because you've got upset about what you imagined might happen in the ongoing process? Honestly, if you're doing that you won't ever get through a sale. There are loads of times it will get way more stressful and worrying - you'll be dropping if someone orders searches because they MIGHT find something they don't like, dropping out when they apply for mortgage because they MIGHT get refused, dropping out when a surveyor comes round... when interest rates change...

If you are that flaky you'd be best sucking up the loss and selling to National Homebuyers or similar who will just screw you over openly from the start.