House Sale Agreed and Going Nowhere

N

NeedToSell

Guest
Hi,

My house went Sale Agreed 3 months ago.
The EA told me that the buyers were 1st time buyers and wanted to close the sale ASAP.
The EA keeps telling me that the bank are very slow to release money at the moment....But 3 months seems a little excessive to me.
I'm concerned that the buyer is just stalling in this falling market and will offer a reduce prioce in a few months time.

Just looking for some advice on what I should do. Also worried that if I go in too heavy I will loose this potential buyer and then wait months/years for another.

We are going to rent for a while so we are not under any pressure to close - This in itself could be adding to the problem.
Thanks for your help
 
Has your solicitor sent out contracts yet ?? It is difficult obtaining mortgage offers from Banks, but when they do agree to fund, there is no time delay.
 
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