come and help me get my house sold

[canella]

house been on the market about 9 months - accepted 2 cash buyer offers (at seperate times) which both fell through even before the survey stage! both of the parties pretended they were cash buyers but then had no money!!!! was so fecked off at the time!

So before xmas we accepted an offer from a couple who had just put their house on the market which was only £2k below the asking price but we all agreed that our house would stay on the market as it could take them a long time to sell (this practice doesnt sit well with me but we need our house sold - its lying empty!).

so we had a viewing from a cash buyer on tues who put a really cheeky offer in today but after a long afternoon of negotiation we've got it up to £15k below the asking price.

i'm just not sure what to do from here - told the estate agent i couldnt get back to them till tom (dh is in a meeting!) but said i would like some proof that they are cash buyers before we accepted the offer.

are we being sensible or fools going with the lower offer but from cash buyers? is it fair enough to say that if we go ahead we want it through in 6 weeks?

Personally I wouldn't be shy about demanding the six week turnaround - that is if you both have solicitors this speedy! If they're solid it shouldn't be a turn off.

Must say though, this year is mooted to be a very good year for sellers so perhaps not rushing might get you a better price. All depends whether you're buying and selling in the same market and what you and your family need most I suppose - an extra few grand or to get settled elsewhere sooner.

Good luck.

thanks for that advice Lotster - we've already bought somewhere else so are paying 2 mortgages!! thankfully the one we're trying to sell hasnt got a huge mortgage - we luckily bought it before the house prices rose!!

Our solicitors have got all our paperwork (from the first time we thought we had a buyer) so that should speed things up?

My gut instinct is to say take the money and run - it still gives us a good profit - but i've posted on here before - dh wants every penny he can get! think i might have a lot of chatting to do with him tonight!

Personally I think you would be mad to stick with the people who have not sold their house. You have no idea whether they will be able to sell or not. Some things sit on the market for ages and never sell. If you have someone who actually has the money, grab them with both hands! The longer you hang onto it, the more mortgage you pay as well as other maintanance costs and council tax etc. Factor that into the lower offer and you may not actually be losing much.

Yes I suppose some proof of funds would be a reasonable ask before you alienate the other buyers.

they brought their proof of funds in to the estate agent today so think it might actually go ahead! think i persuaded dh last night that getting it sold is better than waiting for a higher offer!

trying not to get too excited!

Good luck!