u/MotherEastern3051

▲ 535 r/UKHousing

Suspecting buyers are lying about their status

TLDR: accepted an offer based on the buyers being residential and not landlords, but pretty sure they have lied and are landlords. Any advice on what to do?

I'm currently selling a flat and have been clear with estate agents that my strong preference is to sell to people who want to live in the property, not to landlords or flippers. It is a very poor area and has an issue with landlords buying up affordable properties and there being lower than average numbers of locals on the property ladder. I had a couple of offers after about a week on the market, one from a small family that is sadly not proceedable yet, and another lower offer from an investor/landlord which I rejected. Last week I accepted an offer for the asking price for a couple the agent said are planning to downsize and live there. However, they also said they are mot selling their current property so it didn't add up. After some extremely light companies house digging, it turns out the couple are joint directors of a property management buy to let company, and they don't even live anywhere near the city the flat is in. So obviously I suspect they are lying and are in fact buying it to let it out. The agent may have told them I was looking to sell to residential buyers, or they might just know that that's what sellers might prefer. Now that I've accepted an offer, would it be stupid to challenge this and how would I approach this with the agent without sounding like a snooping busibody?

reddit.com
u/MotherEastern3051 — 9 days ago
▲ 351 r/HousingUK

I suspect buyers are lying about their position

TLDR: accepted an offer based on the buyers being residential and not landlords, but pretty sure they have lied and are landlords. Any advice on what to do?

I'm currently selling a flat and have been clear with estate agents that my strong preference is to sell to people who want to live in the property, not to landlords or flippers. It is a very poor area and has an issue with landlords buying up affordable properties and there being lower than average numbers of locals on the property ladder. I had a couple of offers after about a week on the market, one from a small family that is sadly not proceedable yet, and another lower offer from an investor/landlord which I rejected. Last week I accepted an offer for the asking price for a couple the agent said are planning to downsize and live there. However, they also said they are mot selling their current property so it didn't add up. After some extremely light companies house digging, it turns out the couple are joint directors of a property management buy to let company, and they don't even live anywhere near the city the flat is in. So obviously I suspect they are lying and are in fact buying it to let it out. Now that I've accepted an offer, would it be stupid to challenge this and how would I approach this with the agent without sounding like a snooping busibody?

reddit.com
u/MotherEastern3051 — 9 days ago

Worcester Sauce BBE 2017...ok to use?

Half way through making a veggie lasagna and realised the Worcester Sauce we have in has a best before date of March 2017. Definitely an out of date record in this house, and there have been some strong contenders (looking at you Birds Custard powder BBE 2019). It smells fine. Do we think its alright to use. **I am aware its got fish in it so not veggie, but I was not veggie at the time of purchase and I usually preferred to get through stuff with trace amounts rather than throw away.

u/MotherEastern3051 — 11 days ago

This little aloe vera has been pretty neglected , planted in a beer can with no drainage (but infrequent watering) and on a north facing window that gets no direct sun for most of the year. I'm so glad she's happy!

u/MotherEastern3051 — 16 days ago

TLDR: How complicated or not would selling to one half of a divorcing couple (reliant on selling their house so chain) be? Risk it and wait or less to cash buyer landlord?

I'm currently in the process of trying to sell my late mums flat (England). The flat is fully clear, requires a lot of modernisation but is fundamentally a good property in a safe area, with a decent sized private garden, drive and garage. It's also at the lower end if the market (less than 100k) in a very traditionally working class area. It's been on a week and a half now and had a decent amount of interest (for what seems to be a slow market) with 6 viewings and 2 offers, of 6% and 10% below asking price. This leads to my conundrum. One of the offers is from a landlord who wants to add it to his 'property portfolio' and is a cash buyer who has said he can move quickly. The other offer is from a single parent who is currently in the process of divorce and trying to sell their current place, along with finding a new smaller place to live with their young son. The Estate agent has said they don't consider the single parents offer as proceedable and advised us not to accept or negotiate further due to how long it all might take. As well as accepting an offer they are happy with, apparently the other parent has not found an onward purchase yet and both the husband and wife rely on the sale of their current property to have funds for a new place. I have accepted neither offer yet and we may well get other offers in the coming week/s, but my massive preference would be to sell to the single parent rather than a landlord. My reservations are how long it might take for them to be in a position to be proceedable and the potential for added complications of it being a divorcing couple. The flat I'm selling does need a fair bit of updating and what also worries me is the risk of us waiting for then and then them being scared off by survey results anyway as there are likely to be a range of little things that come up that a landlord might be potentially be put off by. Nothing major but things like ventilation needed in the loft, more sockets putting in and potentially some electric works. Does anyone have any advice based on similar experiences or general pearls of wisdom?

reddit.com
u/MotherEastern3051 — 22 days ago