Accepted an offer on our flat - why do I feel like c***?(7 Posts)
As some of you may know we have had a nightmare time trying to sell our flat. Was on market 8 months got offer from first time buyer who was really keen etc but took 6 weeks to get a survey done then never paid for his searches and went awol for 3 weeks. So it all fell through. Meanwhile we found lovely house in Scotland put in an offer and all was going great until we couldn't afford to buy it due to the above situation. Due to Scottish law we are legally bound to buy it from the point of the offer so we are liable to pay all reavertising fees plus daily compensation to the owners. Don't know how much this is going to be. On top of this DP started new job in Scotland so we have been spilt up for 3 weeks, he's spending 5 hours a day travelling and is miserable. We are all moving into a 1 bed flat soon that we are renting from my Dad just so we can be together again. Oh and I've found out I'm pregnant again.
So I phoned the dreaded EA today told them I needed to sell asap and this was the lowest I could go, she came round with a viewer 10 mins later he's an investor and offered us 1.5K less than the lowest we could go. We accepted. It's 12K lower than the first offer but at one point we were thinking of handing the keys back in it got that bad.
Now all we need is for someone else to buy the Scottish property asap to stop these charges building up.
Wish I could have a drink tonight
Really sorry you having a rotton time and hope things get sorted soon,xxx
Sweetkitty - whilst I am sure you have a Scottish lawyer and you probably know this you DO NOT have an enforceable contract in Scottish law until you have completed the missives. Had you got to that stage?
Can you still not afford the house now you've sold up? Or is it because the price you are getting is so much lower. Congratulations on the pregnancy! It sounds crap but things do usually have a way of working themselves out for the best. I hope things fall into place sooner rather than later. xxx
well done for selling the flat - hope the other house sorts itself out soon. Things will work out but I'm sure it doesn't feel like it ever will at the moment.
Gomez - the missives have been concluded feels wierd being legally bound to something when you have never signed anything.
Am going to speak to our financial advisor on Monday see if we could raise a mortgage on less equity (we were pretty strecthed as it was).
Still could be a lot worse, we have just been cuaght out by teh 2 different systems. In Scotland our buyer couldn't have did what he did and in England we wouldn't be liable for all these charges!!
Ah well missives complete then the deal is done. It does seem strange that you 'conclude' without signing thou I fully agree and I have bought and sold a fair few houses in Scotland. The exchange of letters in themselves form the missives and so the contract. Bear in mind that the vendors of the property in Scotland must take all steps to minimise your additional costs and be reasonable in their actions. Where are you moving to in Scotland anyway - noticed that you thought Edinburgh was too far...
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