estate agents selling but owner giving him grief

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rion

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Hi can someone advise me on this matter, I have been looking at buying a house for well over a year, 1 has come on the market 5 months ago an I have had my offer excepted but the estate agents phoned me this morning saying he is now getting grief off the owner saying he should not be selling the property as it is still his. The estate agent told the receiver this who said the house is no longer his and it will be going up for sale.

Should I pull out my offer as it looks like it could be a long drawn out process??

Any advise/views would be much appreciated

Regards Mari
 
rion said:
The estate agent told the receiver this who said the house is no longer his and it will be going up for sale.

Should I pull out my offer as it looks like it could be a long drawn out process??
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It sounds like grief and it's better to walk away.
 
I would ask the Reciever over the phone how they intend approaching the matter. If the answer sounds off-the-cuff/made-up-on-the-spot, then walk away.

On the other hand, if they sound like they have very real intentions of offloading the property, then it may be worthwhile investigating further.

However the chances of them divulging that info over the phone to a randomer is slim - so you will probably end up best walking away.
 
Myself and wife have been looking to buy as well and have come across both a bank selling with the owner disagreeing on price and couples splitting up and a bit of fighting going on.In the instance of bank selling, they were looking for one price and it was on EA site at that. Then owner says "no,not at that price" and there was a dispute which the owner won and it was back up by 50k.I walked.I am selling as well and EA says that there are people who ring up specifically asking for bank sales or receivership jobs.Apart from the hassle, I wouldn't get involved in someone's bad luck involving the banks.Probably silly but there you go
 
larbar said:
.Apart from the hassle, I wouldn't get involved in someone's bad luck involving the banks.
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It might be in the best interest of the distressed seller to actually sell and move on with their lives.
 
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