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Anyone dumped their buyers and started over?

(4 Posts)
Glittershoes22 Tue 26-Apr-16 18:50:20

Long story short, our buyers are driving us mad, we don't technically need to sell to them to buy our next place but it would come at an extra cost (mortgage fees, temporarily paying extra stamp duty etc). We accepted an offer in Jan and feel the market has moved in our favour so we could get more for our place, plus now we've seen the survey we have all the inside info on whats wrong with the house to start over!

We thought we were at the end of the chain but it appears the sellers are now thinking about buying which could add another couple of months to the whole darn process and give us time to find a new buyer......

So anyone dumped their buyer and started over with good or bad result??? Would love to know, this whole process is seriously testing my sanity ;-)

JT05 Tue 26-Apr-16 19:27:20

Go for it! We seriously threatened twice with our buyers and were fully prepared to pull out. Especially if you are in a position to go ahead with your purchase, there seems to be little coming onto the market, so you have not a lot to lose.

Lighteningirll Tue 26-Apr-16 19:34:00

We dumped our buyers and resold for £15,000 more it took us three days to replace our pissy buyers with a lovely young couple ready to go.

Spickle Tue 26-Apr-16 19:37:57

So, what's the problem with your buyer?

From the OP it sounds like it's the seller, who is no longer the end of the chain as they are now buying, could be more of a problem.

When you accept an offer at a price and then the process takes longer than you hoped, it is often the case that the property has gone up in value........ but then so has the property you want to buy, surely?

Your buyer didn't have to show you their survey at all. Most buyers don't show the survey to the seller, they just try to renegotiate the price or get you to put right any work which needs doing, as I'm sure you may do with the property you are buying.

I think it only fair to have a very good reason for dumping your buyers.

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