can you help me?

[archer1204]

I posted earlier about selling my nans bungalow as she has now had to go into a home.We now have had a good offer on the property from a neighbour from across the road.
Who has the money etc upfront.
When it comes to the agreement what should we look out for has anyone else here sold a property through a private sale any help would be greatly appreciated.

[Ice.Maiden]

Hi archer. I remember making a comment on your last thread, which still holds. Make sure that you you get legal documents drawn up. I don't know how the law stands with adding provisos that no buildings are put up on the land, which could block out light or spoil a view? I assume planning permission'd sort that out, but I know someone who did similar to you - except that they were living next door to the house they sold to another neighbour. The new owner erected garden sheds, which, although were to the correct height and so on, blocked out a lovely view of a river from downstairs windows. Also make sure that a full search's carried out before the sale. I assume the owner'd do that for himself anyway, but if the bungalow develops damp or other probs, the new owner could try and say that you'd sold it knowing about these problems beforehand and not said anything. Just my inexperienced view of these things. I'm sure you'll get better advice from other ABers, but good luck anyway.

[bednobs]

hmmm, im not sure why you would want to add provisos about building etc as neither you nor your nan will be living there any more.
i did have a thought last night that ususally the estate agent gets proof thebuyer does have the funds in place 9or a mortgage offer) before you take the house off the market

[archer1204]

hmm thnx for the response but i think i have been misconstrued what i was asking is there such a thing as an agreement whereby if the neighbour said he was going to purchase the property but then pulled out at the last minute because they know this property will be going to an auction could you ask for a deposit of 10 per cent due to timewasting.thnx again

[bednobs]

Thats what happens when you exchange - the potential buyer (and seller) are committed to the deal and have a financial forfiet if they dont cary on with it. Exchange comes after surveys and searches have been done. i think you would be hard pressed to make a potential buyer agree to a 10% deposit before they had had a survey!
What you are proposing is what normally happens