DH and I found a property we loved last week and (after months of searching) decided to put in an offer. Our first offer was rejected and we eventually agreed to meet the vendors half way, resulting in us agreeing to pay 5k more for the house than we wanted to and going to the top of our budget. The vendors accepted our offer on the basis that they found somewhere themselves. Last night, DH and I discussed things again and revaluated our finances and outgoings should we purchase the house.
Although we can afford the mortgage, we are putting ourselves in a position where we would be stretching ourselves and would be worried about finances each month. We also considered interest rates rising, and the fact we want to start a family, which again could mean we would be unable to afford the repayments in 5 years’ time.
Last night we had a message to say the vendors have found somewhere and have had an offer accepted today so they are ready to proceed. We both feel absolutely terrible and stupid. We should have evaluated things properly before placing an offer but we fell in love with the property and got carried away.
Are we going to be blacklisted for pulling out here?! I feel our reason is rather pathetic and embarrassing but cannot think of any other reason to give!
Please or to access all these features
Please
or
to access all these features
AIBU?
AIBU in retracting our offer on house
63 replies
user1491297286 · 04/04/2017 10:30
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