House selling wierd offer ...

britboy4321

britboy4321

britboy4321

Permabanned
Joined
10 Dec 2008
Posts
4,080
Location
London
You're selling a house. It's been on the market 6 months so people are hardly falling over themselves to buy it ..

You don't particularly need the money .. you can buy your next house without the money .. but a sale would be kinda nice ..

A guy says

'I'll give you asking price .. but can only give you half the money now (cash), the other half in six months. BUT I HAVE to move in now and the house to be off the market now (or the deal's off). You can treat the first half of the dosh as a non-refundable deposit or something, call it what you want but basically I don't get it back and if I don't cough up the rest in 6 months the house is still yours and I move out, we'll formally 'complete' about 6 months down the line when I will definately have the rest of the dosh ... by the way all I have said above will be formally written into contract ..'



Agree? Or 'No thanks mate sounds wierd .. get lost'?
 
I wouldn't bother, sounds odd. Too much hassle/chance of things to go wrong even with a contract.

NB - Why always write in the 2nd person?
 
Weird as it might be, if you can move along, take the cash, do not sign anything, do not exchange deeds.
Worst can happen is you have a squatter to evict in six months.

Tiss a britboy thread, so is this hypothetical, or are you claimng this is an actual situation?
 
I'd tell him where to do. Why can't he get the finance together now, and what will change in 6months that he will suddenly have the money to give you?

Seems very dodgy to me, but I've never bought so what do I know...
 
It does sound a bit odd, I agree.

I wonder what the position would be if (say) after the six months he didn't pay the remainder of the agreed price (for whatever reason) and then refused to move out.

If everything was written into a formally exchanged contract it could be OK I suppose... why not run it past your solicitor to see what he thinks about it?

I can't actually see house prices increasing within the next six months either, which might also be worth taking into consideration.

EDIT: I am assuming here that it is your own house you are talking about!
 
Last edited:
Maybe hes going to squat in it and claim its his or something? I don't know much about these things but it sounds very dodgy.
 
Just selling my house at the moment, and haven't experienced anything like this. I'm having enough trouble getting a bog standard sale though, so in this situation I think I'd cut my potential losses and hold fire for another more conventional transaction.

If I was desperate for the money it may be different, but in the situation you describe, I wouldn't bite.
 
You must log in or register to reply here.
Back
Top Bottom