Got an exceptional offer on our house in the outskirts of Sydney, only trouble is that 2 and a half months later the buyer doesn't have finance so is not even unconditional.
If we'd have known it would be this long we would have pulled the plug long ago. Main reason we have hung on is that we wouldn't get that price again. One of our neighbours with a comparable house can't get an offer close to his asking price which is $15g less than our price. There are 2 more similar neighbours houses that will go on the market in the next few weeks.
We know that there is a backlog with the banks and they are at MLI stage submitting extra documents that they are asking for.
We are concerned as we've just discovered they only have 5% deposit and they're FHO. Should we offer it to them at a lower price or should we just hang out and see if it comes though and if it doesn't then lower the price for them. Hubby wants me to ring up now and offer it to them lower as it may hurry things along but I just don't know. Or should we just give up on them and start from scratch?????
If we'd have known it would be this long we would have pulled the plug long ago. Main reason we have hung on is that we wouldn't get that price again. One of our neighbours with a comparable house can't get an offer close to his asking price which is $15g less than our price. There are 2 more similar neighbours houses that will go on the market in the next few weeks.
We know that there is a backlog with the banks and they are at MLI stage submitting extra documents that they are asking for.
We are concerned as we've just discovered they only have 5% deposit and they're FHO. Should we offer it to them at a lower price or should we just hang out and see if it comes though and if it doesn't then lower the price for them. Hubby wants me to ring up now and offer it to them lower as it may hurry things along but I just don't know. Or should we just give up on them and start from scratch?????