I tried to sell my house when my husband died but I was fooled by this ‘immoral’ buyer trick
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From putting in your offer to finally getting the keys, buying and selling a home can end up being an arduously long process. There’s room for all kinds of speed bumps along the way, as one Redditor unfortunately found out after she was the subject of a trick slammed as highly ‘selfish’ and even ‘immoral.’.
Following the death of her husband, @annacosta13 planned to sell her house to a cash buyer – someone who has the funds to purchase a property outright without a mortgage – and move abroad. And because of this, she was on a strict timeline. ‘After three months of f*****g around, my buyers owned up and told my EA [estate agent] that they weren’t cash buyers as they told us, but in a chain,’ she wrote in the HousingUK Reddit thread.
‘Realistically we could have set an exchange date for next week but since they’ve lied and haven’t sold their house yet or exchanged there is zero chance we will move with this awful situation any time soon. ‘They knew I was in [a] pretty horrible situation as my husband was terminal (sadly he passed away two weeks ago) and wanted a no chain for a quick sale. I’m thinking of pulling out and looking for a new buyer.’.
According to research from Home Selling Expert, a whopping 31% of house sales fall through at least once before they’re completed. Most commonly, sales fall through when buyers or sellers alike change their minds, but it also happens when the chain is broken.