We have just accepted an offer on our house. We were going to buy a new build in our area but they have all sold.
We are now looking for an older property in the area along the same price range but so far have not found one.
How long do you think I have got to look for a property without upsetting my buyer?
2007-03-19 00:04:40 · 7 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
That really depends on an awful lot of things - how keen they are on your house, whether they are part of a long chain and also need to vacate their home quickly, whether there are alot of houses like yours for sale locally, etc etc. The best thing to do is contact them via your estate agent and be honest in explaining the problem - people appreciate honesty and being given information. If they are first time buyers they may not be in a great rush, and they may well be happy to wait if they are really keen on the house.
2007-03-19 00:09:44 · answer #1 · answered by G*I*M*P 5 · 0⤊ 0⤋
Depends on your sale contract if it specifies a certain number of days to settlement well that's it but if it says a certain number of days or when the buyer comes up with the money you could have a lot less time if you have to find alternate accommodation OK do so it won't be for long but don't just buy to keep from paying rent in time if you hurry the home you buy might not be really the one you want.
2007-03-19 00:16:34 · answer #2 · answered by burning brightly 7 · 0⤊ 0⤋
we had the same problem we had to move out when house was completed we put our belongings in storach for a while then rented a place on a short term until we see something we liked .the sale of the house takes anything from 6 weeks for a quick sale to 4 months ours took 13 weeks as the other people had a few problems to solve but i wish you all well
when you find your new home and hope your be happy there .
2007-03-19 00:23:26 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If you already have a firm offer, you might just have to move into an apartment or with relatives. Usually the time limit is once the buyer gets financing, usually 30-60 days.
2007-03-19 00:09:43 · answer #4 · answered by Mary G 6 · 0⤊ 0⤋
If you already have a buyer then it may be prudent to sell and move to rented accomadation. You will then be a more attractive prospect to anyone you wish to buy from, as you won't be involved in a chain. A good bargaining point if someone wants a quick sale. Keep looking, if it is meant to be then it will happen. Good luck.
2007-03-19 00:16:06 · answer #5 · answered by Anonymous · 0⤊ 0⤋
you'd need to explain your situation to him and keep him informed, he is more likely to be agreeable this way or he may just get the hump and pull out!
2007-03-19 00:09:04 · answer #6 · answered by Kyral 4 · 1⤊ 0⤋
about six weeks
2007-03-19 00:09:31 · answer #7 · answered by Anonymous · 0⤊ 0⤋