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When to take your house off the market as a seller

Once you have accepted an offer do you have to take your house off the market and not accept viewings, or should you require the buyer to pay a holding deposit to show they won't back out and leave you worse off 2 months down the line?

Asked on Nov 12 2015, Selling in England | Report content

Answers (1)

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  • You don't have to take it off the market, but if you don't the buyer may be understandably nervous about being outbid. I don't see any benefit in a holding deposit, once the process of surveys and legal work begins both parties have incurred costs which should deter frivolous offers. Make that a distinction between 'under offer' and 'STC' and continue to offer viewings until the survey and legal work has commenced.

    Answered on Nov 13 2015, Report content

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