GreatToBeBritish Posted April 26, 2019 Share Posted April 26, 2019 Hi there we accepted an offer on our house with a “ subject to sell” from the potential buyers with a $50k deposit. . Our buyers have now pulled out of the sale as they cannot sell their house. However, we have offered to buy their house so sale can go through. They have declined to accept the asking price for their house. Were in limbo now. Any ideas? Thanks in advance Quote Link to comment Share on other sites More sharing options...
shaunfreo Posted April 26, 2019 Share Posted April 26, 2019 (edited) The initial contract should specify the time period in which they have to sell their house in a subject to sale contract if it’s not sold in that time the contact is void unless it is amended and agreed by both parties the fact that you have offered to buy their house at the asking price is immaterial it’s the original contract for them buying yours that’s the issue Edited April 26, 2019 by shaunfreo Extra information 1 Quote Link to comment Share on other sites More sharing options...
shaunfreo Posted April 26, 2019 Share Posted April 26, 2019 So not a lot you can do but put your house back on the market, didn’t your real estate agent advise you of this , if they didn’t I would get a new one 1 Quote Link to comment Share on other sites More sharing options...
rammygirl Posted April 26, 2019 Share Posted April 26, 2019 Easy in hindsight but why accept such a condition? Just get it back on the market and don’t take it off until contracts exchange. Was the deposit refundable? Quote Link to comment Share on other sites More sharing options...
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