Seller declining viewings
Discussion
I wasn't really looking to move, but we spotted a house on Rightmove that really appealed. On since at least November last year, two agents' listings, premium listing and featured property, recently reduced twice by 50K each time.... i.e. all the hallmarks of a degree of urgency,
I called one of the agents to arrange a viewing, but the seller has given strict instructions that only people with a house on the market and a buyer lined up can view!
Is that a normal thing to do?
I called one of the agents to arrange a viewing, but the seller has given strict instructions that only people with a house on the market and a buyer lined up can view!
Is that a normal thing to do?
borrowdale said:
I wasn't really looking to move, but we spotted a house on Rightmove that really appealed. On since at least November last year, two agents' listings, premium listing and featured property, recently reduced twice by 50K each time.... i.e. all the hallmarks of a degree of urgency,
I called one of the agents to arrange a viewing, but the seller has given strict instructions that only people with a house on the market and a buyer lined up can view!
Is that a normal thing to do?
Yes. More so in a seller's market but not unusual at any time. I called one of the agents to arrange a viewing, but the seller has given strict instructions that only people with a house on the market and a buyer lined up can view!
Is that a normal thing to do?
borrowdale said:
I wasn't really looking to move, but we spotted a house on Rightmove that really appealed. On since at least November last year, two agents' listings, premium listing and featured property, recently reduced twice by 50K each time.... i.e. all the hallmarks of a degree of urgency,
I called one of the agents to arrange a viewing, but the seller has given strict instructions that only people with a house on the market and a buyer lined up can view!
Is that a normal thing to do?
'I'm a no chain buyer, hello!'I called one of the agents to arrange a viewing, but the seller has given strict instructions that only people with a house on the market and a buyer lined up can view!
Is that a normal thing to do?
borrowdale said:
I wasn't really looking to move, but we spotted a house on Rightmove that really appealed. On since at least November last year, two agents' listings, premium listing and featured property, recently reduced twice by 50K each time.... i.e. all the hallmarks of a degree of urgency,
I called one of the agents to arrange a viewing, but the seller has given strict instructions that only people with a house on the market and a buyer lined up can view!
Is that a normal thing to do?
Yes.I called one of the agents to arrange a viewing, but the seller has given strict instructions that only people with a house on the market and a buyer lined up can view!
Is that a normal thing to do?
It cuts down window shoppers.
Mr Squarekins said:
'I'm a no chain buyer, hello!'
I said we could potentially buy without selling, but the offer would be lower to cover the cost of the finance. Still a no as the number was too low.Apparently the sellers need to move quickly as they're no longer able to afford the mortgage payments since the interest rates have gone up.
borrowdale said:
I said we could potentially buy without selling, but the offer would be lower to cover the cost of the finance.
Apparently the sellers need to move quickly as they're no longer able to afford the mortgage payments since the interest rates have gone up.
Then show the agent that you are serious by going to the office and explaining the situation in person?Apparently the sellers need to move quickly as they're no longer able to afford the mortgage payments since the interest rates have gone up.
borrowdale said:
gfreeman said:
Your first sentence says it all…
I can see that. But there's a difference between "I want to move house" and "I found a house that I like so I'm moving".vaud said:
borrowdale said:
I said we could potentially buy without selling, but the offer would be lower to cover the cost of the finance.
Apparently the sellers need to move quickly as they're no longer able to afford the mortgage payments since the interest rates have gone up.
Then show the agent that you are serious by going to the office and explaining the situation in person?Apparently the sellers need to move quickly as they're no longer able to afford the mortgage payments since the interest rates have gone up.
What do you need to see that you can't see from the details or by asking the agent that would persuade you to at least put your house on the market?
borrowdale said:
gfreeman said:
Your first sentence says it all…
I can see that. But there's a difference between "I want to move house" and "I found a house that I like so I'm moving".In the current climate, if I were a motivated seller, I would not want to hear from anyone who hadn't got a sale agreed on their current place.
You could of course demonstrate that you don't need to sell in order to buy. For example if you've enough on deposit that you could raise temporary finance to buy. Or better still buy all cash.
It seemed to be pretty common, perhaps even standard, as the post-Covid bubble raged, it's a bit odd now though, particularly as they need to sell.
Having said that, we looked at a few without having our house on the market - I told estate agents we were chain free, which is not a lie, but owning two houses isn't a situation I'd be keen to get in to.
Also got quite far along negotiating for a probate sale house directly with the family but walked away as we were too far apart, and my wife wasn;t as keen on the place as I was. It eventually sold by modern auction for quite a lot less than we were dancing around.
Having said that, we looked at a few without having our house on the market - I told estate agents we were chain free, which is not a lie, but owning two houses isn't a situation I'd be keen to get in to.
Also got quite far along negotiating for a probate sale house directly with the family but walked away as we were too far apart, and my wife wasn;t as keen on the place as I was. It eventually sold by modern auction for quite a lot less than we were dancing around.
borrowdale said:
I said we could potentially buy without selling, but the offer would be lower to cover the cost of the finance. Still a no as the number was too low.
Apparently the sellers need to move quickly as they're no longer able to afford the mortgage payments since the interest rates have gone up.
Maybe make them believe you are serious about buying without selling?Apparently the sellers need to move quickly as they're no longer able to afford the mortgage payments since the interest rates have gone up.
People don't want to get into chains which may collapse.
There are people out there who have an absolute bottom limit on what they will take for their house, because they'd rather be in negative equity on paper than stone cold bankrupt.
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