To feel so upset about galumping, has anyone found nicer afterwards?

(120 Posts)
Lambzig Tue 14-May-13 09:51:09

Just got gazumped this morning on our dream home and cannot stop crying. I worked so hard on negotiations, sorting finances, plans for renovation on the house, not to mention the cost of the survey and architect time and all for nothing.

Is it worth selling your home and renting to make yourself a cash buyer (buyer only offered 2k more which we could have met, but seller not interested as wants cash buyer despite us having mortgage approved)?

Has anyone got gazumped and then found somewhere better?

Feel so upset, nothing else on the market at the moment.

Januarymadness Tue 14-May-13 09:53:23

I had to let go of a house I thought was our dream because of survey results. The one we founf after was much much better. Buying and selling houses is a nightmare I hope never to have to repeat x

Of course you can find somewhere better! And renting to become a cash buyer is also a good strategy. It means you can move quickly when the right property comes up; and new properties come on all the time.

Were you also looking to port a mortgage? That might be the only problem as sometimes there'll be a limit (eg 6 months) on the time in which you need to complete on a new house, otherwise the penalties become payable.

Purple2012 Tue 14-May-13 10:00:28

Yes, we had this with a house we loved. So glad now as we found a much nicer house. Although I don't think we were gazumped, it was the estate agents lying as after we found our current house they tried to get us to buy the first one.

mrsjay Tue 14-May-13 10:02:04

I bet you feel rubbish I have but not found anything better, I was so upset and the house is not far from where i live I try and not sneer at the people who bought it blush
I Try to say oh it is only a house but i was gutted, you will get over it soon , I am not sure i would rent and sell because what happens if your place isn't sold it is added stress

moominmarvellous Tue 14-May-13 10:05:45

Yes! We went through 6 months of hassle as the owners of the 'no chain' empty house we were buying went bankrupt during the sale sad It was our first time buying and it was so upsetting and disappointing. But the house we've bought is beautiful! Much more scope for extending in the future, better street and the nice garden centre which had been near the property we tried to buy has closed down and is now basically wasteland. Everything happens for a reason I think. Keep looking and try and concentrate on the negatives of the place you can't buy xx

freddiefrog Tue 14-May-13 10:08:06

Yes, we were gazumped with what we thought was our dream property (after the expense of surveys, solicitors, etc), but the next house we viewed really was our dream property

I then had a little moment to myself 6 weeks later when the estate agent for the first property called us to ask if we would be interested in re-offering as the gazumpers had pulled out

dribbleface Tue 14-May-13 10:16:11

Yep happened to us too, out first house. The one we found is much nicer and we are very happy now. First house reappeared on the market as we were completing on this one, so guess sale fell through. Karma I think.

Lambzig Tue 14-May-13 10:18:06

Thank you for the positive stories. It was a project house, so don't think we can afford anything as nice unless we find another project.

Our house is sold to first time buyers at a good price so worried we might lose them. We were looking to port the mortgage. Hadn't thought of that.

Apparently gazumpers have been living in Middle East working in the oil business and are over for two weeks so can afford cash. The seller is taking their only slightly bigger offer as they will not bother with survey and pay him this week and have a solicitor who will draw up contracts today. Estate agent said that they had offered to pay me for a copy of my survey. Too much salt in the wound I think (although perhaps I should take the cash).

Annoying as estate agent was clearly still showing the house despite it being off the market, but of course there is no comeback.

DH says he doesn't want to live in that town now as you have to drive past the house on the way in.

mrsjay Tue 14-May-13 10:21:51

Our house is sold to first time buyers at a good price so worried we might lose them. We were looking to port the mortgage. Hadn't thought of that.

if your house is sold then just rent until the right house comes up dont settle you will be unhappy and resentful, ( i think) and take the money for the survey I know it might stick in your throat but least you get some money out of it,

lougle Tue 14-May-13 10:23:03

I've never been galumped. It sounds so much worse than gazumped, somehow grin

VenusRising Tue 14-May-13 10:28:28

Sounds more like you've been run over by a stampede of gazumphers, to be galumped.

There are a lot of lovely houses, and things happen for a reason. Sorry to sound trite, and clichéd. But clichés are there, cos they're true.

Lambzig Tue 14-May-13 10:28:31

Yes I am trying to convince myself its not worth £800 just to be spiteful, but gosh, do I feel spiteful.

Morloth Tue 14-May-13 10:28:36

We got gazumped once.

Turned out really well, we found a much nicer house in a much better location for less than the original.

It was pure bliss when the original house's sale feel through and they called us trying to get us back - I suspect it fell through because the pool was not legal and needed lots of work.

Dodged a bullet.

Don't worry about it OP, another house will come along.

Lambzig Tue 14-May-13 10:33:20

Damn, hadn't noticed the galumped, stupid iPad autocorrect. At least I got it right in the post.

I think galumping sounds quite pleasant. Imagines two sturdy farm boys taking an arm each and galloping with you to the nearest barn...........

mrsjay Tue 14-May-13 10:42:20

I think galumping sounds quite pleasant. Imagines two sturdy farm boys taking an arm each and galloping with you to the nearest barn........

<arf> I quite fancy a galumping

Morloth Tue 14-May-13 10:44:58

IME barns are no good for galumping - the straw pokes you in unpleasant ways.

SarahAndFuck Tue 14-May-13 10:45:11

We weren't gazumped but our offer (full asking price) was rejected because we had to sell our own house and hadn't yet had an offer on it.

Agent selling the house we wanted told us there was no point in viewing anything until we had sold, so effectively they are closing off part of the market and only starting chains with FTB or CB, which I feel is short sighted of them.

I know it wouldn't happen quite so neatly but for the sake of making things simple, three people selling houses might want to buy each others house, A buys B, B buys C, C buys A for example. That could never happen if nobody viewed before they sold.

Anyway, I've gone off track, sorry.

We were then told that a cash buyer had made an offer on the house we wanted. I was so upset, I loved the house and in my head we had already moved in and decorated it.

We then accepted an offer on our house and found another house that we loved even more than the first house. Strangely, it was one I had previously refused to look at because the pictures on the internet made it look awful.

Just after we moved in, we had a call to say the first house was back on the market as the cash buyer had pulled out. Turned out he had messed about from the start and eventually they realised he wasn't actually a cash buyer at all.

That house is still on the market and we've been living in the other house we bought for two and a half years now.

And I'm glad we didn't get the first house now, the second one works so much better for us and has a lot more character. It felt right the moment we stepped through the door.

So don't give up hope, it is upsetting but there are other houses out there that might be more you, even if you don't think so now.

mrsjay Tue 14-May-13 10:46:01

IME barns are no good for galumping - the straw pokes you in unpleasant ways.

ach illusion shattered now

Morloth Tue 14-May-13 10:46:47

Woolshed much better, though the lanolin can makes things slippy...

currentbuns Tue 14-May-13 10:48:31

Why not post a link to the house so we can call pick holes/point out the faults & make you feel better about it?

mrsjay Tue 14-May-13 10:48:55

I am not sure there is many woolsheds round these parts grin

(this thread is going to get silly op my apologies )

Pigsmummy Tue 14-May-13 10:52:32

Best thing that happened to us, I contacted all the agents saying that we back in the Market and we got a bargain because we were in a position to move quickly, got 30K off asking and moved in 6 weeks.

Chandon Tue 14-May-13 10:56:12

well, it just was not meant to be. I am sure it has dry rot, cluster flies and other pests and other hidden defects. It only looked a nice house, but you would have been miserable there.

There is a much nicer house for you coming up soon, just wait. We did the renting and being a cash buyer thing, rather an upheaval, not sure I recommend, but it did work out in the end.

Lambzig Tue 14-May-13 10:58:09

Morloth, I bow down to your extensive galumping knowledge. Perhaps you can advise on other galumping friendly farm buildings.

(Stops crying and cheers up a bit, thinking how the garden was too small and north facing)

Morloth Tue 14-May-13 11:00:31

LOL, I grew up on a sheep station. I know all about galumphing...

Seriously it will turn out for the best, I would make a large bet on it.

OryxCrake Tue 14-May-13 11:02:25

You poor thing. It's horrible and, yes, it has happened to us as well.

Didn't think we'd ever get over it at the time but a few months later we found a much better house in a better area for the same price and are still here nearly 20 years later!

You'll find your perfect home - don't worry. And when you do you'll be happy this one didn't work out. Hang in there.

Dawndonna Tue 14-May-13 11:09:48

I love my house. It is a modern box. However, it's at the bottom of a cul-de-sac with the most incredible views over a valley and the best neighbours in the world. We found it after being gazumped on an identical house round the corner which had been done up. It also had no conservatory and a smaller garden. It was also 12 grand more than this and on the main road through to the high school.
I was on rightmove at six, every morning after losing the other one. Found this and had viewed and offered by nine.

adeucalione Tue 14-May-13 11:26:05

It happened to us too - the seller asked if we could match the gazumping offer, but we couldn't.

We sold our house and moved into a rented property so that we didn't lose our buyer, and it put us in a very strong position in terms of being able to move quickly, without being in a chain, when we eventually found another house.

During the period that we were renting the estate agent informed us that the gazumpers had pulled out and asked us if we wanted to reinstate our offer, but we didn't. A month later he phoned again and said that the vendor would accept a lower offer than the one we originally made, but we weren't interested - they had already shown us that they had no integrity, so couldn't risk it happening again.

ModernToss Tue 14-May-13 11:34:22

I am not sure i would rent and sell because what happens if your place isn't sold it is added stress

But presumably you're going to need to sell it anyway before you buy elsewhere, so isn't it actually less stressful to get it sold first? It would be horrible to lost the new house because you can't sell in time, and as adeucalione says, you're then in a very strong position.

Lambzig Tue 14-May-13 11:45:08

I fear renting because I did that for six months once, prices shot up and then I could no longer afford a house and had to buy a flat. Also difficult with two small children I think. We need to get DD into a school soon too.

shewhowines Tue 14-May-13 11:51:51

i remember crying my eyes out, after they pulled out of selling the house I was going to buy, two weeks before I was going to move in.

Did me a massive favour. The one I did buy was twice the size and much nicer.

maddening Tue 14-May-13 11:55:24

I thought rules were in place to stop gazumping?

BarbarianMum Tue 14-May-13 12:00:13

We rented so as to be cash buyers. It was so worth it. smile

There is always a better house out there though...

JenaiMorris Tue 14-May-13 12:20:19

We really, really wanted a particular house that was too expensive - as in they were asking too much for the market and more than we could stretch to.

We put in an offer at about 10% below the asking, which they rejected. They kept it on the market - still no sale. Seven years on they are still there and a block of flats has been built on what was the lovely green which adjoined their garden.

There is no way they'd get what they were asking back then even now, especially with the new development which completely changes the feel of the place.

In the meantime, we bought a house in the next street, for a good 15% less than the vendors of the orignal house were asking (and nobody has, will or indeed can build at the bottom of our garden because there's a brook in the way!).

I don't feel smug or anything - I feel a bit sorry for them really. They needed to sell their house for their retirement plans to work but just wouldn't (or couldn't maybe?) unless they sold at their unrealistic asking price. I suspect they're stuck now, which is a real shame.

MidniteScribbler Tue 14-May-13 12:30:33

God, I wish someone would galumph me.

I even have my own shearing shed.

<unhelpful>

Technotropic Tue 14-May-13 12:35:26

You have my sympathies OP. Gazumping sucks big time.

We were ultra paranoid about being gazumped as we bought a builders PX, which was already £30k under market value. We knocked them down another £15k as we had no chain and also insisted the terms of the offer were that they took the house of the market immediately. I guess having no chain gives you some leverage to call the shots.

We expressed our gazumping concerns to the agent and taking the house off the market helps with this. I think it's also possible to put financial clauses in place so you can recover any costs but we didn't go down this route (thus not sure how effective this option is). We were lucky but lost a load of 'dream' houses along the way. In retrospect we now have our dream house and are very happy with how it all turned out (stressful as it is along the way).

Best of luck with it all smile

Mutley77 Tue 14-May-13 12:42:14

I feel for you - this happened to us twice - although the first time we were only just past offer stage and hadn't got to survey or anything. And both at different times (once when we were buying our first house and again when we were buying our second).

I have to say that both times things worked out totally for the best for us - we found houses that we were overall happier with (and honestly I NEVER believed that would happen). You are not wrong to feel so upset as these things are v emotional, but you will end up finding something else.

Definitely take the money for the survey - that really annoyed me when we lost out on the survey we had done (and we also had to pay the mortgage arrangement fee too).

Mutley77 Tue 14-May-13 12:46:04

PS I would really consider the market before you sell and rent. It will cost you a lot extra (moving costs, rental costs) and you may end up overlapping - again significant cost - if you get a six month rental (usually the minimum) and find somewhere to buy straight away.

You are also taking the risk that you don't find anywhere to buy before the market starts rising and then you will feel in a race to get your money re-invested.

Where I come from in England prices are definitely still rising (very slowly) and buyers are not hard to come buy so it wouldn't be worth the risk to sell and rent to safeguard a buyer but obviously you need to judge your market - and take advice as appropriate.

Mintyy Tue 14-May-13 12:48:00

Omg, small north facing gardens are not worth crying over!

Sorry this has happened to you but definitely take the money for the survey. Looks like the vendor feels a tiny bit guilty.

Badvoc Tue 14-May-13 12:49:23

We sold up and rented.
I meant we got this house for quite a bit less than asking as we were no chain and mortgage approved etc.
It may not be the end if the world op x

Badvoc Tue 14-May-13 12:49:47

...and we sold our surveys btw.
Why not?

minouminou Tue 14-May-13 13:02:33

Take the cash for the survey!

There's no point getting all emotional about these things.
Just tell yourself the place is haunted anyway (I'm a staunch UNbeliever, but this has raised a smile when we've lost out on houses) and find somewhere nicer!
You won't regret it in the long run.

Cakecrumbsinmybra Tue 14-May-13 13:03:37

I had to read this thread as I genuinely wanted to know what "galumping" was! Anyway Lambzig, I am a firm believer that when this happens, it is for the best. There is ALWAYS a better house around the corner, because it's all about timing - there is not just one dream house in the world, there are thousands and the next one to come on the market could be the best one for you!

This has happened to us twice - first time it made us realise that our entire strategy of moving was wrong and thank god someone did gazump us! It was a lovely place in an amazing location, but our plan was all wrong. 4 months later, with the right plan in place, we found another property in a completely different part of the country. We'd found the right area, and fallen in love with the first lovely house. We were gazumped again and pretty gutted. 3 months later we found a much, much better house, and it was exactly where we wanted it - having spent 3 months getting to know the area, we found the best village for us. We are so happy we were gazumped! Good luck.

minouminou Tue 14-May-13 13:03:37

Gazumping is legal, but some estate agents won't allow it once there's a reasonable offer in place.

Cakecrumbsinmybra Tue 14-May-13 13:05:13

Some people I know have done really well out of renting and then being able to move quickly, although it is quite disruptive.

Agree - take the money for the survey and then buy yourself something as a consolation. Spa trip? Weekend away? Designer bag? Or just be sensible and know it'll pay for the next one.

SarahAndFuck Tue 14-May-13 13:07:35

Lots of people sell their surveys OP.

Some people feel they are helping the person who 'stole' the house, but the bottom line is, they will get one anyway and won't lose anything except perhaps a little bit of time by having one of their own done if they can't buy yours.

At least if you sell the survey on to the new buyers, you've got your money back.

If you keep your survey the only people gaining are the ones doing the survey and the only person losing out is you. The gazumpers will be paying the same either way.

RollingThunder Tue 14-May-13 13:11:36

We had it the other way. When we sold our flat we had two interested buyers and did manage to get buyers up a bit due to this. The man who didn't get the flat then offered us loads more money, said he didn't need a survey as our bank had confirmed our previous survey was ok still (wtf?) etc.

We said no! We said that our flat wasn't worth as much as he was offering and he was clearly a liar! So we stuck with our buyer!

We found out later that he did the same to someone else, offered a high price and then, at last minute, just before exchange he demanded a substantial discount! Bullet well and truly dodged!

dozily Tue 14-May-13 13:25:41

We didn't actually get gazumped but lost out on the house we wanted to a lower bid from a cash buyer. Was gutting at the time but a few months later (and having sold and moved to rented in the meantime) we found a nicer house in an area that suited us better. And presumably the vendors of the first house decided not to sell after all as we noticed they were still living there two years later.

I know your situation is harder as you've paid for survey etc but hopefully you will also look back and decide things.worked out for the best! Good luck

Lambzig Tue 14-May-13 13:39:56

I will sell the survey, but annoyed that they managed to gazump us by telling the vendor that they would complete this week and not bother with a survey, then when that offer is accepted want our survey.

It has some big issues in it so is it wrong to hope that when they see it they walk away and stuff the vendor (at which point we would not renew our offer).

Thank you for the positive stories. Was imagining that I would end up living somewhere that I always felt was second best.

Lambzig Tue 14-May-13 13:41:55

Oh I don't think the vendor feels guilty at all. I could hear him in the background when I was on the phone to the estate agent (i knew because the estate agent said he was with the vendor now) saying "tell her tough shit".

Tanith Tue 14-May-13 13:50:09

When I was looking to move to this area in the mid-90's, a small house we'd offered on fell through.
We weren't gazumped, just told we weren't the sort of people the owner wanted to sell her house to (too common, apparently!) and she'd found some buyers more suited to the area.

I was very upset but my Mum told me these things are meant to be.
We did find a much nicer house - in the same town as the seller, so we could all be uncouth together grin

JenaiMorris Tue 14-May-13 13:50:20

It has some big issues in it so is it wrong to hope that when they see it they walk away and stuff the vendor?

Good grief no!

Fingers crossed, they'll withdraw their offer and/or make a substantially smaller one on seeing that survey grin

adeucalione Tue 14-May-13 13:59:15

Lambzig, what a horrible thing to hear him say! I think 'what goes around comes around' should be your mantra now, and I will join you in hoping that he loses the new buyer when they see the survey.

And the thing is, the buyer must be a pretty horrible person too. We didn't even view properties that were under offer because we didn't want to fall in love with one and be tempted to gazump; I don't know how some people can sleep at night really.

It sounds like they deserve each other.

Lambzig Tue 14-May-13 14:05:20

Tanith, how ridiculous. I hope the estate agent didn't pass that on to you

SomethingOnce Tue 14-May-13 14:07:38

Sell the survey and put the money aside for a party at the house you end up in.

I promise you the one you buy will be better smile

Januarymadness Tue 14-May-13 14:08:43

that kind of person would have been a nightmare the whole way tjrough the process tbh. I think you are better off without.

Our house that we lost was a project house. The house we ended up buying was much bigger, in much better nick and ended up costing us much less because it needed a lot less doing. Also in a better area. It was certainly for the best but it felt like the world was against us at the time.

minouminou Tue 14-May-13 14:09:52

What a cock, Lambzig!
Right - that house is deffo haunted.

HawthornLantern Tue 14-May-13 14:10:10

Buying and selling is a nightmare. FWIW on the the two times I bought somewhere I lost 3 properties I really thought I wanted. Not all gazumping actually - one was I offered a day too late, one was progressing nicely until we found structural issues and I had to back out and one because the owner accepted my offer and then a month later changed her mind. And all these "losses" definitely worked in my favour - I ended up with places that were better for me in lots of ways. Take heart - your home is out there!

Lambzig Tue 14-May-13 14:39:14

I think I am too emotionally involved in this move.

It's a drastic lifestyle change, we need to buy a bigger house as there is no room for our new DS, we need to be in catchment area for a good school for DD (we will be applying in jan), DH needs a saner commute, we need to release capital to pay off some debt that's killing us.

We also would like to buy a family home we would be in for a while.

It's all a bit too emotionally loaded to lose the house that ticked all those boxes.

Januarymadness Tue 14-May-13 14:47:06

but a project house will big issues in the survey has the capacity to be a big money pit that may have landed you worse off.

We could have never afforded our house at the money it was originally advertised at. They dropped the price into the top end of our "we will look at but only if they will take an offer" bracket. Our top price was just under 10k below what the new asking price was but the vendors needed to sell and we really wanted the house.

Sometimes everything adds up when you very least expect it. We got the house for 37k less than the asking price 2 weeks before we offered.

coffeewineandchocolate Tue 14-May-13 14:56:13

maybe the power of mn can find you a better house? what's your criteria? can you tell its my housework day?

Tanith Tue 14-May-13 14:58:06

Lambzig, yes it was the estate agent who told us. I can laugh about it now, and wonder why on Earth I was so upset at the time (who wants to live in an area where they're considered not good enough?!).

We went with different agents, too - a friendly local agent rather than a well-known national, notorious at one time for messing buyers about, 4 letter word beginning with M, last two letters the same...wink

Good luck with yours - I often growl to myself when DM comes out with her predictable "It was meant to be..." but, if I'm honest, she's usually right. smile

Lambzig Tue 14-May-13 15:42:21

I take your point Tanith, but I'm not very good with "meant to be", Its a bit passive for me. It doesnt sit well with some pretty tough things i have been through.

The trouble with the house search is that we want to live in a specific town, walking distance to the town centre, in a period property and there is nothing else on the market at the moment within £100k of our higher or lower budget. In fact the only thing at all in our price range is a hideous but enormous bungalow which i really cant do. I guess we are just going to have to wait for something to come on, I am no good at being patient

minouminou Tue 14-May-13 15:45:38

Have you been inside the bungalow, Lambzig?

You never know - for a few years you might be able to hack it.

minouminou Tue 14-May-13 15:46:59

I see you've got period property as one of your requirements, and of all the requirements, it's the most disposable.

I know you're emotionally involved - could you take a step back and imagine you're talking a friend through this?

Lambzig Tue 14-May-13 15:51:32

Oh and Tanith I used to live in a posh bit of London where two neighbours had sold off a bit of their substantial gardens of their enormous houses for development. I lived in one of the row of five terraced houses that had been built there.

The owner of one of the houses that sold their garden continually acted as if she still owned it all. I remember her telling me that it must be lovely for 'someone like me' to be allowed to live on such a lovely street and I should be grateful to her for allowing it (err, I bought the house) She thought she had the right to tell me where to park, what to plant in my garden and even what colour curtains I should have as she had to see it all from her back windows. She used to drop little notes through our letter boxes telling us this stuff and saying she knew we would be grateful for a pointer from her as she appreciated we might not know the right way to behave. I used to think it was funny (not sure I would now), but one of my neighbours ended up reporting her to the estate committee. I often wonder if she has an asbo by now.

OldBeanbagz Tue 14-May-13 15:52:34

Haven't been gazumped but did have the owner of what we thought might be our dream house, turn round and say she wasn't going to sell to us at the last minute.

It turned out to be a godsend as we moved into a stop-gap house (only had a few weeks to find somewhere to live) which actually turned out to be a wonderful home for 3+ years.

We met some wonderful neighbours - one family we have become very good friends with and another couple who recommended the school our DC are now at (and which i probably wouldn't have looked at otherwise).

Lambzig Tue 14-May-13 16:07:02

Minou, I think for us a big point of moving is to get a house that we love that can be a family home in an area we like. I would rather not move than compromise on that.

I dont want to spend the best part of £55k moving costs (SD, EA fees, solicitors and removals) on moving to somewhere that I would want to move on from ASAP and have to fork that out again in a year or so. Also we need some location stability for schools.

We don't HAVE to move, our house is too small, but people live in smaller with two DC. We could just have a lean couple of years then extend it.

The two RL friends I have texted about this today both came back with sympathy and told me not to compromise as I wouldn't be happy.

In that town, there is period property in and near the town centre, then moving out of town there are 60s estates which really aren't for me, then further out some new build which is too far from town. Lots in the surrounding countryside, but we don't want that. We looked at masses of places before deciding on that town too.

When we were first looking here there were three potentials on the market, one was too cottagey, one we just missed out on and the one we offered on. I suppose I have to hope something else comes up.

SomethingOnce Tue 14-May-13 16:09:02

Have you looked at auction properties?

quoteunquote Tue 14-May-13 16:09:28

Part of my job is helping and advising people get their homes, (then rebuilding, restoring and maintaining)

In this area, I would certainly advice that you get rid of one house before attempting to get your new home, you would be very unlikely to get an offer accepted, if you have another to off load,

Quite a few of my clients are people moving to the area, and find they need to rent until they can make offers, demand out strips supply, so any seller is only going to entertain offers that come with no complications.

Something that happens here with increasing regularity is lower offer being accepted , which is extremely frustrating for those who are offering more, people do this for a variety of reasons, some social engineering, some because of cooperation.

A lot of properties in this area never go on the open market, people tend to register an interest, then when the owners eventually want to sell (sometimes years later), they contact the interested parties directly, who put in bids.

We have a lot of people waiting for the right property to become available, usually a lot of compromises have to be faced.

Any signs of heel dragging (such as surveys) would eliminate you from the process.

Lambzig Tue 14-May-13 16:22:02

Wow quote, what county is that (as obvs you don't want to say where). I know of a couple of private estates in London where that happens (the private sale, not the social engineering).

I don't think that is the case here. The house we were buying had had one offer fall through post survey, then sat on the market for nearly three months before we offered. I think we have just been unlucky.

QueenStromba Tue 14-May-13 17:03:34

If the new buyer drops out and the seller gets back to you should say "Of course I still want to buy the house but I'm only willing to pay £50k less than my previous offer now".

quoteunquote Tue 14-May-13 17:17:13

It's not so much the county, but a particular bubble in it,

On the social engineering, mostly it is people refusing to sell to second home owners, as it kills the community. We do have another types going on, but on the whole it is positive, but a few worrying ones.

Estate agents don't get much of a look in, in our particular village, as if you do open it to open market, a card on the local shop notice board will get you half a dozen buyers in the first 24hr.

Most people letter drop through properties they are interested in, usually a flier type thing, asking if anyone would like to sell,

Our newest neighbour in our hamlet letter dropped for six years until someone decided to sell. They consider themselves luck to have found someone to sell.

We get at least a couple of letter drops a week.

tomatoplantproject Tue 14-May-13 17:30:27

Our sellers pulled out at the last minute (divorced, he wouldn't sign the papers). We decided to go ahead with selling our flat and moving into a rented flat. Our logic was that we had a great price for the flat and having a good buyer was a bonus, and that because we would only ever buy a project (dh is an architect) we were putting ourselves in the strongest possible position for auctions or as cash buyers. We also reasoned that we would be living in a rented flat whilst doing the work to tr project. It all fell into place - we booked a fuck it holiday, then dh found a perfect project house and our offer was only accepted because we were cash buyers. Location is far better than house %231 in a street we never dreamed we could afford. We had been ttc for over a year. Dd was born 9 months after our holiday and 6 weeks after we moved to our perfect house, finished and amazing.

If you are definitely looking for a project why don't you sell and rent in the right catchment area for your dd to get into the right school?

Lambzig Tue 14-May-13 18:33:07

Renting is tricky. There are literally three houses with 3+ bedrooms for rent in the whole town at the moment, all hideous (honestly, I am not being fussy they are awful), none of which are in the right place. I didn't look before today, but most rental there is tiny flats.

Also, my house we are selling has gone up 60k in value since we had it valued in jan to putting it on the market end of April. If the area we are moving to does that we would have a problem.

Quote, your posts are making me want to move there, but I doubt we can afford it anyway smile. Clearly I am a housing masochist.

CatOfTheDay Tue 14-May-13 18:41:08

We lost what we thought was our dream home when the seller pulled out at the last minute - we are now [touch wood] nearing completion on the house that would have been our second choice due to it being a bit of a project and needing lots of work!

I wouldn't want the one that fell through now - anything we do to the one we're buying now will only add value which wasn't true of the other one, and it's a nicer space anyway if you look past the shabby bits! grin

Hope you find your dream home soon.

ParkerTheThief Tue 14-May-13 18:48:54

We lost our dream home when on the day we were meant to be exchanging our buyers announced they were only prepared to pay £20000 less than we had agreed and the people we were buying from wanted £15000 more.
I broke my heart and lost a lot of faith in how other people behave.

We ended up in an equally nice house, which actually suits us better, the only downside is that the original house we were buying was more convenient for my work.

Lambzig Tue 14-May-13 20:24:09

Great! DH has come home and picked a fight and yelled at me that I didn't tie the negotiations down well enough. Guess who will be doing the negotiations next time.

Januarymadness Tue 14-May-13 20:35:23

no amount of negotiation would have helped in this instance. Your dh is, in fact, a twat.

Lambzig Tue 14-May-13 20:38:10

He always takes this sort of thing out on me. Fed up before. Really fed up now.

Springforward Tue 14-May-13 20:38:41

We were gazumped on a repossession a few years ago shortly before we were due to exchange. Really glad in the long run as we went on to find a bigger house on a bigger plot for only £5k more, in a better street.

AuntieEggy Tue 14-May-13 20:38:50

Ive been gazumped and glad we were next place was a million times better.

Whats for you doesn't pass you
Promise

Beautifulbabyboy Tue 14-May-13 21:00:07

Oh lampzig, sorry to hear your DB has gone a bit a mad - it is just the stress of it all and he is disappointed too.
I am in the awful position that we may be about to pull out of selling our property to someone who is so excited and keeps coming back to measure for furniture and curtains. The reason is. 2 houses we have put offers in have been rejected, and our fall back flat has fallen through as well. So we have no home to go to. Our second ds is due to be born in 11 weeks and Dh starts a new job in 13 weeks which means he will be away a lot. I just can't handle the stress of going into renting on top of everything else.

I guess what I am trying to say is I understand how bad you feel and can someone make me feel a bit better from probably pulling out on our buyer, I feel so bad for her, but I can't see any other options. I Am hoping she will agree to give us extra time to find somewhere - do you think she will?

Januarymadness Tue 14-May-13 21:12:37

If they want it they will wait. What is their situation?

Lambzig Tue 14-May-13 21:19:01

If she likes it so much, she will wait. What is her situation?

I think you have to do what is right for your family, but particularly if you give her the option of waiting. Unlike our not very nice vendor who has pulled out over 2k and allegedly getting his money a whole three weeks earlier.

Beautifulbabyboy Tue 14-May-13 21:19:56

She is cash buyer living with her parents - I think she is separated from her husband, so i know she coukd wait. it's just I know she loves the property and that is why I feel so guilty. I was so enthusiastic about being able to move before DS2 arrives - but then I never anticipated that 3 places we were keen on would fall through. I really feel like I led her on saying we could move quick, and now we can't. I don't know how other sellers can allow gazumping, I feel guilty enough about asking this lady to wait a few extra months...

Beautifulbabyboy Tue 14-May-13 21:29:11

Thanks for making me feel a bit better. Buying and selling houses is so blooming emotional....

I also know how you feel Lambzig as in particular the 2 houses we have lost seem to me to be my dream homes (they were on the same road - a gorgeous road) and unfortunately I can't now imagine living on another road... Hoping that will happen soon....

Lambzig Tue 14-May-13 21:39:15

I am now paranoid that we are being social engineered out of the town as when we went to register one estate agent told us they had nothing in our price range until I bought up the FOUR houses they had on their website.

Honestly, I am presentable, friendly and my accent is a bit jolly hockey sticks.

Beautifulbabyboy Tue 14-May-13 21:43:17

Ha ha - what is the town?? Wish you could say...

SomethingOnce Tue 14-May-13 22:05:29

Are you sure you want to live in such a place? I wouldn't fancy the neighbours much if it's like that.

newbiefrugalgal Tue 14-May-13 22:06:17

I hope your DH has calmed down and apologised by now!

It's interesting how many people on this thread have been gazzumped only for the gazzumper to then pull out of the sale. Hopefully that will happen to the horrible vendor you've been dealing with OP, I think he deserves it.

Hissy Tue 14-May-13 22:22:53

I am aware that this might be a bit woo, but I have a strong belief that we don't go to houses, houses come to us.

In my experience, all the properties I have missed out on, I ended up feeling GLAD that I did.

SarahAndFuck Wed 15-May-13 09:36:23

You might be thinking of cats rather than houses Hissy wink

Tanith Wed 15-May-13 10:43:59

Ah, now I could understand it with me.
We were moving to deepest, leafiest Surrey and I had a full-on haystacks-and-tractors West Country accent. You could practically smell the manure and silage (judging by the look on her face) grin

Lambzig Wed 15-May-13 11:00:07

Extra pissed off this morning as colleague of person at estate agents rang me about another house (2 bedrooms, nowhere near town, don't they listen) and said. "Sorry you lost the house, but after X (her colleague) showed the new buyers round it on Monday, they said they had to have it and I think they would have paid anything". I pointed out that it was supposed to have been off the market for the last month, so why were they shown it when we were two weeks from completion? She said oh dear and put the phone down on me.

Absolute fuckers. I can't really do business with them again and they tend to have the nicest houses in the town.

I think we are just going to have to stay where we are.

Tanith Wed 15-May-13 11:26:59

Prepared to pay anything? Was it really that wonderful a house? Cash buyers, too...
I wonder what the seller has been told. hmm

SarahAndFuck Wed 15-May-13 11:27:40

Are you going to put in a complaint after that Lambzig?

Lambzig Wed 15-May-13 12:04:57

Well I would like to, but who to and what good would it do? Am imagining the conversation:

Me: I am not happy that you showed a house that was off the market and got me gazumped, costing me a lot of money.
Him: We didn't, they had seen it before.
Me: Your colleague told me they saw it on Monday
Him: they didn't, she got that wrong
Me: I am sorry I don't believe that to be true
Him: I think that concludes our business, please don't contact this office again (goes off to spread word that I am nightmare buyer not worth dealing with to his estate agent colleagues).

It's not going to get me anywhere is it?

BlackMaryJanes Wed 15-May-13 13:24:07

WTH is galumping? I googled it and I'm still none the wiser

Januarymadness Wed 15-May-13 13:27:20

I think there is a volunatary obudsmun scheme. See if they are signed up.

IrritatingInfinity Wed 15-May-13 14:55:55

oP You mentioned a huge bungalow earlier. hmm Are you absolutely sure that you can't make it into a lovely contempory home . (if thats your style smile ) Huge is very desirable and a lot of bungalows are light and airy.
New modern windows, new rendering and a modern oak door etc etc can work wonders. ..... Even if you were not able to afford it straight away the fact that you coud do something with it in a few years could make it liveable in for te time being.

I don't know if you would link to it ??

Lambzig Wed 15-May-13 15:06:03

60s box, low ceilings cramped rooms. Not light and airy at all! I think it massively massively overpriced too.

We don't have to move quickly. The whole point of this move was to get a lovely house.

Really really couldn't go from nearly having the lovely house to a horrid 60s bungalow. We were only doing this move if it was our forever house.

DH has said that he does not want to move to that town any more anyway - he is really going with the idea that we have been treated like this. I think we are going to stay in our house, hope DD gets into a school, and just accept we have no money/space for a few years.

IrritatingInfinity Wed 15-May-13 15:33:45

60s box, low ceilings cramped rooms. Not light and airy at all! I think it massively massively overpriced too

sad. Sounds like you sensibly ruled it out.

Good luck else where smile

poopnscoop Wed 15-May-13 15:35:44

We were gazumped... 5 days before moving in! NIGHTMARE. Not only did we have to move house but (childminding) business too ... Ofsted were brilliant and understood... we managed to find a rental property I could childmind from (that is a nightmare in itself)... and then suddenly became more desirable as a buyer as one can move out of a rental so easily.

The agent did then practically harass us afterwards, wanting to ensure they got the commission for the rental but we told her we wouldn't work with her again, for renting or buying.. as she had shown people the property AFTER she had assured us no-one else would see it, it was off the market. I would NEVER deal with her again - no integrity.

I know estate agents have a bad name.. but there is no smoke without fire. I don't trust them.

The rental was gorgeous and we have moved onto better things... honestly OP... you might not see it now, but things do happen for a reason.. and in retrospect, one day, you will know WHY you never got that house. I do hope you find a house you fall in love with again, soon.

SusanneLinder Wed 15-May-13 15:47:46

We don't have gazumping up her, but DD was just about to offer on a house, and then it sold.This was last week. She saw a house last night, and submitted an offer today.
Don't lose heart!

MrsKoala Wed 15-May-13 18:26:10

Not been gazumped but gazundered, which feels shit too. We were all set to sell our home (which had been on the market for 3 years) for 15k less than we paid for it. We were selling it at the bare minimum to just cover the mortgage and costs leaving us with nothing. Then on the day of the transfer they reduced the price by 10k. We were told we had to take it or lose the sale. We had to lose the sale and 6 months of having it off the market, all the costs and fees involved etc. I wanted to physically harm the people i was so upset.

Madeleine10 Wed 15-May-13 19:09:08

Sorry to hear this, OP, it sucks doesn't it. Same happened to us a couple of years ago, and we were gutted, furiousand out of pocket, so I know exactly how you feel. We had been looking for the perfect house in the perfect place for two or three years and thought we'd finally, FINALLY found it, so it was like saying goodbye to our dreams. We were so upset that like your husband, we wouldn't drive past it, but go the long way round to wherever we were going grin

BUT!

I'm not a believer in Fate, normally, but last year, totally out of the blue and just when we were completely down in the dumps about house buying, an even better house came on the market in a lovely little village near us, and even cheaper - with a river in the garden- which we never thought would actually happen or we could afford, but was on our fantasy dream house list.. It's now ours, and so much better than the one we wept over.

If we hadn't lost the first one we would never have found this one, so maybe the old "What's for you won't go by you" saying has some merit after all. Keep your eyes peeled and Good Luck!

Oh and PS, make it an absolute prerequisite of any offer in future that if it's accepted the EA's MUST take the property off the market.

Lambzig Wed 15-May-13 19:24:31

I did make it a prerequisite and have estate agents email saying it was now off the market and all viewings were cancelled.

New buyer is trying to haggle with me on the price of me selling him the survey I had done saying he shouldn't pay the cost as "I have already had the use of it". Am not going to respond further.

Hissy Wed 15-May-13 19:26:46

WHAT? How on earth did the new buyer get YOUR contact details? angry

Lambzig Wed 15-May-13 19:40:03

Stupid estate agent forwarded the email from buyer to me.

Hissy Wed 15-May-13 19:44:12

Oh so they don't have your details?

Tell the agent that IF you want to sell it, you'd ask them for ALL your legal fees to be covered too.

wink

Everything will work out for the better for you, have faith! smile

QueenStromba Wed 15-May-13 20:03:42

But you've not had the use of the survey because they came along and stole the house from under you. Fucking cheek.

Lambzig Wed 15-May-13 20:10:00

My thoughts exactly Stromba. I have stated my price if they want it. If not they can do their own. Particularly as they promised the vendor they wouldn't bother doing a survey.

QueenStromba Wed 15-May-13 20:27:06

They really do sound like piss takers and I'll be very surprised if they don't pull out/dick the vendor around for way longer than it would have taken for you to complete and then drop their offer.

SarahAndFuck Wed 15-May-13 23:55:14

OP - put the price you will sell the survey for up by two grand.

That's how they got the house, tell them that's how they can get the survey as well grin

WhoDat Thu 16-May-13 00:17:00

^ what Sarah says. Greedy, thieving, lazy assholes the lot of em. I have to say I wouldn't part with the survey for a penny less than 2k.

CSIJanner Thu 16-May-13 21:42:21

Sorry - havent read the whole thread but am grrr on your behalf.

Did you have an exclusivity agreement in writing (ie email) from the estate agents and seller? Basically don't show anyone else around - we've agreed to buy. If so, then speak to your solicitor and report the estate agents for breach of contract.

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