Thanks sonja, I'll call my bank tomorrow!
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07-10-2012 13:01 #11
07-10-2012 21:48 #12Senior Member
- Join Date
- Oct 2008
Hiya, I am a real estate agent and also did property law for 10 years.
To be honest the best thing to do is put your own house on the market first.
Only you can decide if you are willing to return to work now so you can get your loan approved.
As an agent I am reluctant to accept an offer that is subject to the sale of the purchasers home as from the vendors perspective it takes their home off the market for 4-6 which means they are potentially turning away cashed up ready to go buyers (and I say this in the nicest way possible, just being honest). I know your friend is an agent and says they can sell your house, but reality is like family friends and money DO NOT MIX!!!! So tread carefully and seek independant advice. Take a step back and try not to get caught up in the excitment.
08-10-2012 05:24 #13
Thanks lovelymum. With this house it has been on the market for awhile and even had priced reduced. I think vendors were asking too much to start with for the area also it's an elevated block at the bottom of a hill with quite a few stairs to get to the house so I think many potential buyers have turned away because of this.
As for him being a friend, I guess more acquaintance is the word as since primary school I have only really seen him once. So there shouldn't be that issue if he was a friend I associated with.
But I still hear what your saying, thanks so much.
I'll speak to the banks today and then the agent. I assume the owners can only take that chance if they want to finally sell their house!
08-10-2012 05:28 #14
Oh as far as stepping back. I haven't spoken to the agent ( or made contact) since last Thursday. It was open again for inspection last Saturday and I didn't go just to give others a chance to buy (and for the vendors to consider offers). This week I'll start intervening if no one has bought it yet!! I've been thinking for the last 4 days about it!!
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