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Join our Property forum for renovation, DIY, and house selling advice.

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Property/DIY

Just been guzumped

19 replies

Lucy61 · 13/01/2015 19:29

We've been searching for a house for a looking time and had many disappointments along the way, including missing out on our ' dream home'. We finally found another house and had our offer accepted only to be guzumped by a meagre Â£5000! So sad but we just don't have any more money to offer!

I have surprised myself by the way I reacted as I now feel tempted to guzump the buyers who got 'the dream house' we missed out on- our budget has grown and we can afford to put Â£10000 more than they offered. They haven't exchanged yet. This is not like me at all but a symptom of how low I feel.

Don't know what I'm asking for but feel frustrated and starting to feel the whole process of buying a house is ugly and nasty.

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Lucy61 · 13/01/2015 19:30

Long not looking

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VivaLeBeaver · 13/01/2015 19:32

Have you sold your house yet? If so can your buyers increase by 5k?

I'm sorry. Gazumping is seriously shit.

WhatsGoingOnEh · 13/01/2015 19:35

Being Gazumped is horrible (I know, firsthand) and YES it makes you want to retaliate!

Why not ring the Dream House's estate agents tomorrow and just say, "Just wondering how the sale is progressing. As you know, we loved this house and are still in a position to move quickly. We also recently increased our budget and have £10k more. We're not looking to gazump anyone, but if the sale isn't progresing for any reason, we are HERE and VERY KEEN TO MOVE QUICKLY."

Lucy61 · 13/01/2015 19:37

No they can't, viva. They have already increased which is why we could afford to make an offer. I now know how awful gazumping which is why I feel terrible that I'm contemplating it.

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TelephoneIgnoringMachine · 13/01/2015 19:38

Why wouldn't you counter-offer? If the house is still on the market & you can proceed quickly - I'd be ready to exchange ASAP though if it's accepted.

Lucy61 · 13/01/2015 19:55

We already had that conversation with agents , Whats. But they said they are close to exchange although they did have some probs... I got the sense the agent would rather I didn't make an offer as it would make more work for them. I do know that if we made a formal offer, they'd have to pass it on.

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Lucy61 · 13/01/2015 19:57

We would be aw to move quickly as our buyers are ftb. It's just the shame that's stopping me.

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Gunpowder · 13/01/2015 19:59

I normally think it's poor form but they have gazumped you! Don't feel bad for them.

Stubbed · 13/01/2015 19:59

Gazumping is the fault of the seller. By offering more you are just rewarding that behaviour. And taking a risk that they will drop out again. They obviously have low standards and there is a long way to go between offer acceptance and completion.

The other buyer might not have known what was agreed previously so I wouldn't punish them.

Lucy61 · 13/01/2015 22:19

Sorry, I wasn't clear. Two different houses. House 1: dream house but we couldn't afford to beat the highest offer on the table so we never were in the running.

House 2: we had offer accepted then got guzumed.

Now we have a bit more money and want to go back to house 1 and outbid the current buyers who did not guzump us.

I think we will register our interest with the agent and ask him to inform the owner that we are interested should the sale fall through. If she really wants our money, the onus is on her to pull out.

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Mintyy · 13/01/2015 22:22

Sorry you were gazumped but fgs.

elliegoulding · 13/01/2015 22:25

Nooooo! don't do that to the people that have done nothing wrong to you :(

I'm sorry you feel so stressed but dont stoop to the gazumping bastards level and break someones else heart.

IDontDoIroning · 13/01/2015 22:29

No don't if when the property bubble bursts and they are in negative equity you will be glad.

Lucy61 · 13/01/2015 22:30

I know, I know, I'm better than this. But I sooooo want it.

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Lucy61 · 13/01/2015 22:31

No sign of a bubble where I am!

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Mintyy · 13/01/2015 22:32

Stop trying to justify it to yourself.

If you gazump the current buyers then you are scum.

Ok?

Lucy61 · 13/01/2015 22:33

No sign of a bubble bursting, that is. Def lots of big bubbles - house prices are going up and up.

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Apatite1 · 13/01/2015 22:56

Er, you're no better than the people who gazumped you if you do the same! Shoddy behaviour.

Lucy61 · 16/01/2015 18:24

Didn't guzump anyone in the end. A little break from rightmove and house hunting was what I needed to I see the light again. Thanks for your replies.

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