Hi,
Just to warn you that this is a venting message and a "why is the house buying/selling process SO incredibly difficult" message.
We accepted an offer from our buyers back in March. We were told that they were cash buyers and would be flexible on dates as we had not seen any houses we wanted to buy and didn't want to move into rented accomodation as we have 2 young children. After accepting a low ball offer based on that information (10% below asking), we were subsequently told that they were equity buyers but that their sale would go through independently. Once we had found a house to purchase we were then told that they were going to enforce a chain (i.e. tie their sale with our purchase).
Then we start haggling over fitures and fittings. They had assumed everything (including audio/visual equipment - i.e. speakers, amps, etc) was included. A bitter round of arguments ensued.
We were then 2 weeks away from exchange when they decided that they didn't like the completion date (it was too close to their holiday) so wanted the date brought forward. This almost jeopardised the chain but the people we were buying from agreed to move out earlier.
Then yesterday when all was in place to exchange on both the sale and purchase, our buyers pulled out. The wife "had changed her mind" and they are now going to live with her parents.
I don't know who I'm more angry with. The buyers or the inept agents who failed to do proper due diligence in the first place. When I spoke to them about the misrepresentation they said "things change". Actually I do know. I hate the buyers and I think the agents are idiots.
Why is this sort of carry on allowed to happen?
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My buyers pulled out on the day of exchange
35 replies
Rox73 · 24/06/2009 12:00
OP posts:
herbietea ·
27/06/2009 16:08
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