Deposit on house sale

[Ana14]

Our house has been up for sale for quite awhile with an EA that has not always been doing the job I expected (number of viewings v. low, slow to report back with feedback unless chased up etc.). Anyway, we got an offer and have accepted. However, other party still have house to sell. Turns out same EA dealing with them too. Anyway, we accepted on the terms that our house would continue to be shown and on the market and if another person in better positoon put in offer, we would have more options. EA agreed wholeheartedly. No viewings in 4 weeks since accepting offer and no deposit or end in sight with potential vendor. EA tells me today, that a deposit will be paid tomorrow. Where does this leave me? If deposit paid, am I tied in with the vendor? Should I put a timeframe on their ability to close sale? Any other ideas on how to get this house sold once and for all? thanks....

 

[CCOVICH]

You are not tied to the buyer (YOU are the vendor) until contracts are signed and the 10% (non-refundable) deposit has been paid.

Has your solicitor drawn up contracts and sent them to the prospective buyer?

 

[moondance]

If contracts aren't signed I would give it to another EA as well because it sounds like the one you're using has a conflict of interests. Maybe get someone you know to call your current EA and express an interest in your house and see what they tell them!

 

[susie1]

also, have someone call the EA and enquire if the property is still available and can a viewing be scheduled, you will know if he puts you off if he's done that with other enquiries