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  • There's also the 10% deposit at exchange, so I wondered if the seller needed the money to do the renovations on the new place but that can't be the case if they're just taking it off the market.
    We waited what seemed like an eternity to exchange after our offer was accepted (14 weeks!) but once we'd done so it was the standard two weeks to completion. Not ideal for us or the seller (they had to rent in the end and we stayed with friends/family) but it sounds like this seller wants to have their cake and eat it.

  • They don’t get that 10% until completion. It’s held by the solicitor as security against failure to complete.

    10 weeks is too much risk of a revaluation. I’d say do it in a rising market but don’t risk it in this one.

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