D
DB1
Guest
Hi
I have had a property for sale since last autumn which went sale agreed last february. The buyers are having difficulty selling their own property and have been told by their solicitors not to sign contracts as they have not gone sale agreed themselves. This has been dragging on to the extent that I am deciding whether to put the house back on the market or sign contacts on the basis that the buyers may buy the house as an "investment" property with a longer closing date (up to six months) to give them time to sell their own. This is not without its own pitfalls in that months may drag on to closing date and then buyers may try to get out of sale if they have still not sold - but probably will lose their deposit.
If I put the house back on the market it may possibly not get selling price (I have already dropped price by about 10%).
The dilemma I have is whether to go with the devil I know who still seem interested or just put it back on the market and chance selling it but possible at a further loss (in reality, a reduced gain)?
I have had a property for sale since last autumn which went sale agreed last february. The buyers are having difficulty selling their own property and have been told by their solicitors not to sign contracts as they have not gone sale agreed themselves. This has been dragging on to the extent that I am deciding whether to put the house back on the market or sign contacts on the basis that the buyers may buy the house as an "investment" property with a longer closing date (up to six months) to give them time to sell their own. This is not without its own pitfalls in that months may drag on to closing date and then buyers may try to get out of sale if they have still not sold - but probably will lose their deposit.
If I put the house back on the market it may possibly not get selling price (I have already dropped price by about 10%).
The dilemma I have is whether to go with the devil I know who still seem interested or just put it back on the market and chance selling it but possible at a further loss (in reality, a reduced gain)?