What should you do if you're going to buy a house, and then feel that there may be other better properties out there?
The vendor has agreed to sell his house to me, and I'm waiting for the survey result. However, in my last visit, I found out that some repairs are needed for this house. At the same time, at rightmove, primelocation, I saw some other attractive properties (I haven't viewed them yet). So now I'm in a "what-to-do?" situation? The contract is being done, but at the same time, I feel something better may be out there.
Have you ever had a similar situation? What will you do?
2007-11-13 02:33:09 · 6 answers · asked by lankhai2006 1 in Family & Relationships ➔ Family
If you havent exchanged contracts then you are not legally bound.
2007-11-13 02:36:42 · answer #1 · answered by little devil 4 · 0⤊ 0⤋
You need to make sure this is the house that you want. Buying a home is one of the biggest decisions and investments that you will ever make in your life. If you are not completely with this house that you are thinking about buying then you need to keep looking. Finding the right house is something that takes time. Plus, don't you want to move into a house that you're not going to have to fix up and spend even more money? If I were you, I would find a house that really doesn't need any work and that you can just move right into. I would keep looking. If you are having second thoughts then maybe you should listen to them. They are there for a reason. Just make sure you don't do something that you are going to regret.
2007-11-13 11:34:32 · answer #2 · answered by silentrefuge86 3 · 0⤊ 0⤋
If you are in the UK the contract is not made until it is signed and exchanged up to then you can withdraw and recover your deposit. However you lose the survey fees and your solicitors fees if any but not the vendors expenses.
the law is different in Scotland and I am not sure about the states law on this
2007-11-13 10:38:45 · answer #3 · answered by Maid Angela 7 · 0⤊ 0⤋
You tell the estate agents and your solicitor,,,,you should not have to buy the property just because you feel you should,,,,you are underno contract to buy until you get the signing day,,,don`t feel bad about it,,it happens all the time,,,,
2007-11-13 10:37:25 · answer #4 · answered by McCanns are guilty 7 · 0⤊ 0⤋
Don't sign anything and go look around. that's the smart way to do. Remember, It's the largest investment you will make, and that decision is going to have to make you happy for a long time. So make the right one so you'll be happy. It's your choice, not theirs.
2007-11-13 10:40:09 · answer #5 · answered by Anonymous · 0⤊ 0⤋
In Scotland there is a time limit to back out. You will have been told the time limit by your solicitor. Back out if you feel its the wrong move.
2007-11-13 10:36:44 · answer #6 · answered by **** 7 · 0⤊ 0⤋