To the buyer who just retracted her offer on our house(47 Posts)
I hope you do not find what you are looking for and that someone messes you around the way you have messed us about.We shall probably lose the property we were going to buy now so i hope you are pleased with yourself.You have made an already stressful process much harder and i hope Karma bites you on the ass.
Do not view houses near a railway and place offers if trains bother you you evil witch.
<walks away to make voodoo doll>
Um, well, she has got the right to do so, you know! Too early for ?
Possibly a tad harsh? A teeny weeny overreaction? <runs away, fast>
I sympathise. Having lived overseas for most of my house-buying life, I was absolutely appalled at how things work here. We managed to buy a house but even though I would dearly love to move I can't yet face the ridiculous system that people put up with here. Offers should be accompanied by a sizeable non-refundable deposit so that if a buyer does pull out you get some compensation.
how far along was it all?
rock, completely agree - our house buying/selling system sucks big time. Have a friend going through it at the moment and it's awful - hope I never have to do it again .
sympathies pelvicfloor .
Happened to us just before Christmas, and we're dreading the phone ringing in case it's the vendor of the one we have offered on.
To the posters who think the op is too harsh - until you've been there, you cannot know the hurt and anger it causes, afterall, if they have pulled out because of a railway line - was it not there BEFORE they out in the offer?
I feel for you OP - not happened to me although there were threats. Agree the system is extremely stupid & un-neccessarily protracted in England. Hope you get another buyer soon OP.
I totally sympathise, it's just happened to us too, over two months and loads of money in.
Total sympathy from me too! Some buyers are evil
and deserve having voodoo dolls made of them and pins stuck etc etc !
We have just had our buyer pull out (2 wks ago). Were supposed to move tomorrow... . On upside. Have now found lovely new buyers, after less than 24hrs on market. Wishing you the same- xo
We haven't had anyone pull out, but some of the comments about our last house made my head want to explode. One viewer said it was too far from the railway station. And you couldn't find this out before viewing, dimwit? Someone else put in an offer at 40k below asking price because the kitchen was apparently too small and one of the three bedrooms was in the attic. They were quite put out when the estate agent told them that if it had had three first floor bedrooms and a huge kitchen, it would have been on the market for... a higher asking price! They upped their offer in tiny increments until they finally reached asking price, but by that point I wouldn't have touched them with a barge-pole.
I've never met such unreasonable people as when involved in house purchases!
libelulle we keep getting that too 'it's too far from the town centre...' and you don't check this rather important criteria you have before viewing!?
I'm really sorry pelvic I absolutely dread this happening, is hard enough waiting for someone to buy your house and get one you love lined up at the same time without the fear of it all going wrong at the final hour. I really hope it still works out for your purchase.
It goes both ways you know - we put an offer in on somewhere, had it accepted, paid for a survey and THEN the buyer pulled out as they had changed their minds. Surely you decide if you want to sell your house BEFORE you put it on the market.
It's disappointing for you, but at least you haven't shelled out any money like we had...
You have my sympathies - our buyer pulled out just before Christmas, 10 minutes before a deadline imposed by them. They wanted us to move within 4 weeks of accepting the offer so we pulled the stops out looking for a rented property, sorted out removal people, insurance etc, children's schools and then they decided that actually they didn't want the property.
They must have known more than 10 mins before, and if they'd been a bit more realistic and given themselves and us more time then we wouldn't have incurred so much cost. They didn't even have the grace to apologise for the inconvenience (we had two two hour visits from them when they were viewing, gave them loads of info regarding the local area and services) or the effort we'd put into meeting their deadline.
I wished them ill for quite a few weeks - now I'm a bit further away from them I don't feel quite so bitter. BUT we were only going into rented to haven't lost the house of our dreams like you have.
Hmmm...I have been the puller outer in the past twice....
On one the home buyers report was pretty bad We were heartbroken as we had set our hearts on the house, but it just needed so much doing to it the wasnt clear on viewing (hadnt had any workdone on it for 15/20 years). Some of the windows were falling out!!! I felt very bad for the vendors though
Second one was being bought from a building company and it just got really weird...they were storing furniture in it (?) and it was still there when they said it had been taken away. They were also pushing for a 4 week completion which they then reneged on....
The system in the UK is mad...we bought a house in December finally but I dont want to do it again in a hurry
....and the vendors of the 1st house took it off the market anyway (after getting another buyer) and 2 other houses we offered on (offers rejected even though they were only £3-5k under asking) were taken off by the vendors too
Becaroo, I think that's a fair enough reason for moving out - you can't tell until you get the survey exactly what's required. What hacked me off was that our buyers had their full survey, pushed and pushed us to move out in 4 weeks, asked for and been given lots of local info, said they were going into sign at such and such a time and THEN changed their minds.
Oh no Pelvicfloor, that sucks. We've had a sellers disappear off the face of the earth on the day we hoped to exchange. Their EA and lawyer had no idea where they had gone. We had our hearts set on the place and had paid for surveys etc.
We were selling our house too, and had to go through exchange on that as our buyers had been so patient while our sellers buggered us about. Then the next day we drove up to the village we had tried to buy in and rented the first place that would let us have pets.
2 weeks later the vendors surfaced. Mrs seller had been in hospital having an emergency hysterectomy apparently, which was probably traumatic but they also had two adult children, one of whom could have rung someone, we thought.
They apologised and wanted to know if we were still interested in buying it. We said no, and went on to find this house, which is much more convenient for transport and in a much nicer area than the original one.
And as a bonus, we sometimes walk the dogs around the house we were going to buy and they have built a mobile phone mast 20 metres form the garden. For us there was a reason that sale didn't go through, and I'm sure it'll work out for you too.
frosty That is really awful, I'm sorry but I have actually heard of people who had packed up, sitting on boxes awaiting the remocal van to be told the move had fallen through!!!
We had this happen to us, and they ended up buying the house three doors down from us.
So, for the three months it took us to sell our house again, they were actually our neighbours (and it was the sort of road where we all knew each other/socialised etc). Every time I saw them I was gritting my teeth and muttering under my breath.
But it's OK now; I forgave them eventually. We sold and moved away. We have been back to our old neighbourhood several times, and they even invited us to their Halloween party last year.
Ha...try being the one who has to give the bad news that the buyer/seller has pulled out! And not getting paid for months of work. And then multiply that by lots and lots and lots......
And then somehow it's always MY fault - bloody estate agents
(stomps off muttering)
Seriously though, my sympathies it's totally shit when it happens whichever side of the fence you are on!
I had someone pull out at about 10.30am on the morning if exchange once because they'd "changed their mind".
I am in the process of buying/selling again and I never now beleive its going to happen until we've actually exchanged.
Its shit isn't it.
"It's disappointing for you, but at least you haven't shelled out any money like we had..." that isn't necessarily true. I have spent about £750 so far (not including time the solicitors have spent) so far on my house purchase. If my buyers drop out I lose all that.
Re: fees....We lost 2 lots of search fees and 2 lots of survey fees each time we pulled out so we did not do it lightly (total cost nearly £1k).
I have to say I agree wit you runty The EA who told me about a vendor taking the house off the market after they accepted an asking price offer actually sounded embarrassed, not to mention baffled. I felt really sorry for her!
I think a big issue is that in the UK people can still exchange and complete on the same day....also there should be a penalty of a certain % of asking price the nearer it gets to the agreed completion date...like when you cancel a holiday...eg: 10% 3 months before, 30% 1 month before and 50% 1 month or less before?
I totally agree, buyers who pull out of house sales should be made to pay compensation for any legal work undertaken by the person selling up to that point. The moral being, think before you speak!
I shouldn't have read this, I've had an offer accepted on the house of my dreams and pulled out all the stops to fund it.
I'll be devastated if it doesn't go ahead
Ruddy Nora fivehoursleep - I'm hoping your harshness is because of your lack of sleep 'Mrs Seller was in hospital having an emergency hysterectomy which was probably traumatic - funnily enough I doubt you were the top of her children's thoughts when she was rushed into hospital for what is (having witnessed a friend go through it) major surgery - physically and mentally.
OP - I do understand! We had the same thing happening when we were selling our last house. We had put an offer in on another house and had to pull out. When we had another buyer we found the house we are in now which is a million times better than the one we missed out on. Things will sort themselves out I promise. Also, there's nothing to say you won't get a phone call today from your estate agents with your next (train spotting) buyers wanting to view today.
So what? It's a perennial problem!
I think when people say "oh, it's too far from town" after a viewing, they are looking for a polite but definite phrase to say no. If they see 3 or 4 houses that day, it might just be that yours is the furthest from town so they say that. EAs ask for reasons in case it's something that can be fixed eg paint job or decluttering. Sometimes there isn't a reason - its just not the one.
Lots of things are perennial problems - doesn't make them any less awful (or warrant a pointless and stupid "so what")
I feel for you OP, hope you find another buyer very soon
Arghhhh - Yoni, you're right, zombie thread
Sorry, the so what was to the zombie thread. Who cares that it's old? People can still awap tales.
Some buyers are just ridiculous. Trying to sell my mums bungalow - which doesn't have a garage. The amount of people who have moaned that it doesn't. Read the bloody details
Who made Yoni the thread police?
Do none of you view houses that tick 9 out of 10 boxes in the hope it will nice nice enough to negate your missing requirement?
When we were buying we couldn't afford what we wanted so viewed lots of houses which weren't quite what we wanted until we found a good compromise. Plus the estate agents always found a "similar property which is new on the market" to take us around whenever we arranged a viewing.
Yeah suesin? What about sellers who tart up their houses, to disguise various horrors that are only unveiled during the extremely expensive full survey?
We spent £4k before we could even find a house worth procedding on last time!
The system in france is better - buyer puts down a 10%deposit, which is fully refundable after survey if survey reveals any issued the seller has not highlighted to the buyer. Sellers have to be far more honest, and buyers have to be serious or they lose 10% of price on pulling out.
I like the sound of the French system. When I was buying (I don't own anymore) the vendor refused to reduce the price when the survey came back with subsidence. On the next flat we spent money on the survey and then got gazumped.
When we sold our flat in Edinburgh, it was to a young couple moving up from England. Come moving day, they hadn't paid by the time we arrived at our new home on the other side of the country. We hastily arranged a bridging loan, paid for our new place, and moved in as planned... It turned out that they hadn't even arranged a mortgage! They also hadn't realised that the house-buying/selling thing is quite different in Scotland, and ten days later they paid what they had offered, plus all of the costs of the bridging loan.
Don't think I could bear the English system, it sounds an absolute nightmare.
You did Bilbo. I was just pointing it out, not policing anything. Is 'thread police' an official role? Where do I pick up my badge?
Sellers who decide their house is no longer for sale on the DAY OF EXCHANGE which also happens to be the DAY BEFORE COMPLETION when the buyers are all packed up and ready to go should also have to pay the buyer's fees (yes I'm still bitter - we sent her a bill anyway even though we had no legal leg to stand on! )
We're now buying a house that needs quite a bit of work, and the survey has thrown up even MORE work - but we love the house and don't want to pull out, and we're now negotiating with the seller to either get some of the work done or drop the price a bit.
Sorry, but it's business. I had a buyer try to gazunder me--demand a drop in price or the deal was off, 3 days before planned exchange. I took advice, and made my decision accordingly. It's business in the end.
It is a nightmare but sometimes it works out for the best...... Our vendors pulled out at the last minute leaving us frantically looking for a house because we had buyers who were very keen to move because she was expecting twins and (quite reasonably) wanted in before the babies were born. It took ages, but the buyers stayed with us, and then a house a few doors down from the original came up and guess what? It was waaaaaay better than the first! Good luck to everyone ;)
Last year our buyer pulled out on the day we moved out. We were expecting to exchange within days but needed to be in the new area for work. Funny thing, I wasn't particularly stressed about it. I was too busy thinking about the actual move.
I think they were very rude. They didn't give a reason or even say they were pulling out. They just stopped doing anything at the point where they should have been going ahead and then their solicitor sent mine a letter returning the forms and saying it 'appeared' it wasn't going ahead. I think they should have at least rung the estate agent and said "we're really sorry but we've decided not to proceed because..." When we first accepted their offer they wrote us a letter about what nice people they were and how suitable they were and that they wouldn't mess us around.
The good news is, we found a new buyer for £10k more within days and sold 2 months later.
Thank God I live in Scotland where we don't seem to have all this hassle!
I second what people say about the horrid English system. I sold my grandparents' appartment in France, it was a walk in the park. And the Scottish legal system is I understand, closer to French than English in various respects- property and inheritance law for example.
I suspect there are too many vested interests that make it hard to change the English system.
Wow, in the US you have to put earnest money down as well. Not sure about the percentage, but it is significant enough that if the buyer change their minds, the seller isn't completely screwed. Plus, if you get multiple offers, it makes it easy to tell who is really serious about proceeding.
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