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Second thoughts on a house sale?

  • 27-08-2020 8:35pm
    #1
    Awkwardstroke
    Registered Users, Registered Users 2 Posts: 94 ✭✭


    I recently went sale agreed on a house I own yet now aim having second thoughts on the sale (believe the sales price is too low even in these Covid times).

    The final contracts are with me yet I haven’t signed them yet!

    Im aware that this would be annoying for the would be buyer and I expect to have to pay my solicitors and auctioneers costs even if I pull out now.

    Thoughts welcome on this


Comments

  • #2
    Mr Sugar
    Registered Users, Registered Users 2 Posts: 5 ✭Mr Sugar


    If you don't want to sell, don't sell....


  • #3
    Gumbo
    Moderators, Society & Culture Moderators Posts: 40,339 Mod ✭✭✭✭Gumbo


    Awkwardstroke wrote: »
    I recently went sale agreed on a house I own yet now aim having second thoughts on the sale (believe the sales price is too low even in these Covid times).

    The final contracts are with me yet I haven’t signed them yet!

    Im aware that this would be annoying for the would be buyer and I expect to have to pay my solicitors and auctioneers costs even if I pull out now.

    Thoughts welcome on this

    Don’t sell if you don’t want to.
    No other thoughts, other than your own count.


  • #4
    Awkwardstroke
    Registered Users, Registered Users 2 Posts: 94 ✭✭Awkwardstroke


    I recently went sale agreed on a house I own yet now aim having second thoughts on the sale (believe the sales price is too low even in these Covid times).

    The final contracts are with me yet I haven’t signed them yet!

    Im aware that this would be annoying for the would be buyer and I expect to have to pay my solicitors and auctioneers costs even if I pull out now.

    Thoughts welcome on this


  • #5
    brisan
    Registered Users, Registered Users 2 Posts: 2,242 ✭✭✭brisan


    Awkwardstroke wrote: »
    I recently went sale agreed on a house I own yet now aim having second thoughts on the sale (believe the sales price is too low even in these Covid times).

    The final contracts are with me yet I haven’t signed them yet!

    Im aware that this would be annoying for the would be buyer and I expect to have to pay my solicitors and auctioneers costs even if I pull out now.

    Thoughts welcome on this

    Not a nice thing to do but perfectly legal and your decision
    House sales fall through for all sorts of reasons,buyers and sellers changing their minds is just one of them


  • #6
    bilbot79
    Registered Users, Registered Users 2 Posts: 2,080 ✭✭✭bilbot79


    I pulled out of a sale last year for the exact same reason. Just didn't feel right. Coincidentally, going back on the market soon


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  • #7
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Awkwardstroke wrote: »
    I recently went sale agreed on a house I own yet now aim having second thoughts on the sale (believe the sales price is too low even in these Covid times).

    The final contracts are with me yet I haven’t signed them yet!

    Im aware that this would be annoying for the would be buyer and I expect to have to pay my solicitors and auctioneers costs even if I pull out now.

    Thoughts welcome on this

    Have you spoken to your solicitor? If you have have already signed the sales agreement, but not completed, you may not be able to pull out without penalty if the buyer has already signed and returned it.


  • #8
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    If you were happy to sell then I'd say sell.

    There is no knowing what will happen in the next few months.

    I went after a house 2 years ago would have dealt with the owner directly but the agent got in soon after and scared her off. They would have had more from me than the higher price with the agents fees.
    Agent offered to sell to me at asking and I turned him down.

    Anyway, its now gone sale agreed was on the market 35k less than original asking and 20k less than my offer. I can only assume it was sold for less again.


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