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To confront sellers who pulled out last minute

208 replies

Lemonyslice · 27/11/2024 00:13

We were meant to exchange tomorrow, completing next Friday 6th, but the sellers pulled out last minute. "Changed their minds" apparently. The full story of this purchase is long and pretty wild, the sellers have been chaos from the day we put in our offer.

We need to leave our rented flat at the end of December as our tenancy is ending and our landlord wants to sell in the New Year. So we now have nowhere to live, and have wasted a ton of money on surveys and a solicitor.

Can I go round to theirs and ask for some contribution towards the costs of their "changed minds?"

OP posts:
Lemonadeand · 27/11/2024 07:15

It’s really shitty of them. The English system is stupid for allowing this kind of behaviour, though. I prefer the Scottish and US systems (well, California, anyway).

I would fantasise about all kinds of petty retributions like slashed tires and a turd on their doorstep but then move on.

LaPalmaLlama · 27/11/2024 07:14

Wait till they relist it and then post a RM link to the local FB page warning people off it ( be v factual-ie seller pulled out week before exchange with no reason given). Only do this if you’ve already moved though in case the EA blacklists you.

muddyford · 27/11/2024 07:14

LeonoraCazalet · 27/11/2024 07:08

Isn't this what they called gazumping in old money? I thought laws had been brought out to protect people from this?

No, gazumping is the seller either increasing the price just before exchange or accepting another higher offer ditto and expecting the first buyer to go with it. Gazundering is the buyer reducing what they are offering just before exchange.

Before exchange you have absolutely no comeback, even though you are out of pocket.

SugarIsHardtoAvoid · 27/11/2024 07:13

Sorry OP. Hope you can negotiate with your landlord. And can everyone who wants a law change please email their MP to ask for it. Law won’t change otherwise.

Cherrysoup · 27/11/2024 07:13

Obviously very poor behaviour but no, you absolutely can’t go round. Have you given notice yet, presumably? If so, I’d speak to the landlord, he hasn’t yet marketed the flat? I understand your frustration, we had a wild ride with our buyer recently, unreasonable demands/endless repetitive questions (literally asking the same thing via solicitors 3 times). The whole process in England is shit.

twentysevendresses · 27/11/2024 07:10

LeonoraCazalet · 27/11/2024 07:08

Isn't this what they called gazumping in old money? I thought laws had been brought out to protect people from this?

This isn't gazumping.

LeonoraCazalet · 27/11/2024 07:08

Isn't this what they called gazumping in old money? I thought laws had been brought out to protect people from this?

MuchuseasaChocolateTeapot · 27/11/2024 07:08

@Bellyblueboy @Meadowfinch
I guess that’s my point really. If I ever had to pull out of a sale last minute the least I would do would be to apologise and maybe offer an explanation if not too personal, or compensation if possible. Contact could be done via estate agent or solicitors if needs be. I would feel terrible about it, knowing the work and stress involved in preparing to move. I certainly wouldn’t be posting a joke on Facebook.

My DH’s company renovates old properties to sell and he does a great job at it. He now requires a 10% deposit before he will sell, particularly if the buyer wants an input on fixtures and fittings. We need an escrow system to protect both vendors and buyers.

twentysevendresses · 27/11/2024 07:04

Sorry...buyers insurance.

twentysevendresses · 27/11/2024 07:03

It makes no difference at all to your situation even if you situation even if you do find out why...you are still without a sale. Save your energy and put that back into selling. No good will come of stewing on this...you'll make yourselves ill 😢

It's shit...but you'll get through it. And take out sellers insurance. Today!

NewGreenDuck · 27/11/2024 06:58

To be fair, you don't know why they have done this. They might have just changed their mind, on the other hand it could be one of any number of reasons. They might not want to give the actual reason so are being vague. I agree that the system in England is bonkers but that's the only one we have at present. Buy /selling houses is one of the most stressful life events, probably for this reason. It can go wrong until the last moment.
Sorry it's happened to you.

Tiredandteasytoday · 27/11/2024 06:56

Lemonyslice · 27/11/2024 00:19

No. We were chosen as buyers from a number of offers on the basis that we were able and willing to progress quickly, they were actually aggressive about this and said they were DESPERATE to move. Their solicitor was emailing our solicitor for practically daily updates from day 1. Constant pressure. We were ready to exchange in 8 weeks. And now this. It's blown my mind.

That's really awful. Horrible people. Maybe when they do eventually decide they want yo sell thay will be let diwn last minute too.

I hope you find an alternative place to live soon.

northernballer · 27/11/2024 06:53

We had the same but our buyers pulled out.

It was utterly shit but you can't do anything other than manifest all sorts of nasty shit for them (I still do this, two years on)

SereneCapybara · 27/11/2024 06:44

First contact your landlord and explain what happened. Ask to rent on a month by month basis while the place is on the market. They should be glad of income as sales these days take forever! I know two first time cash buyers, both buying with no chain at all, and the sales still took four months for one and seven months for the other. Our system is ridiculous and needs to be overhauled.

Theunamedcat · 27/11/2024 06:29

If your landlord wants to sell can you not buy where you live?

Westfacing · 27/11/2024 06:23

This recently happened to a friend - in the end it went through, after the sellers extracted a further £20,000 from her.

Terrible behaviour.

AlertCat · 27/11/2024 06:20

Not unreasonable to want to, but unless it’s a polite letter as per a previous suggestion, resist the temptation. Let your estate agent pass on your feedback (and probably EAs will tell each other about this vendor so they’ll struggle to get favourable terms if they try and sell again).

Swissrollover · 27/11/2024 06:17

Unless you have an unusual tenancy agreement, it won't end until you give notice or a court ends it. It automatically becomes rolling, month to month.

It would have been foolish for you to give notice before Exchange, so it shouldn't end in December. Just keep your landlord in the loop on your intentions.

Sorry this happened to you.

Sofa1000 · 27/11/2024 06:15

Is there any faint hope they will change their minds again and would you still proceed if so?
I would be asking the estate agents to ask them just in case their flakiness has caused a wobble that can be reasoned with. Some people are just not resilient and it might all have suddenly seemed too much for them (no excuse but worth asking).
Otherwise absolutely shame them via Facebook!

EmotionalSupportPotato · 27/11/2024 06:06

Sounds awful but unfortunately that's the system.

Hazeby · 27/11/2024 06:06

samarrange · 27/11/2024 00:44

English/Welsh (Scotland has a different system) property buying laws are completely bonkers.

In France, to make an offer you put down a 10% deposit (often in the form of a cheque that is not immediately cashed, but the money is still at risk). If you pull out, you lose that 10%. The only legitimate reason to pull out is if you can't get finance, but if you try that, the seller is entitled to call their own bank and say "Will you lend Mr and Mrs X €250,000", and if the bank says yes, you have to take that loan.

There's no shenanigans with gazumping or gazundering either, as the seller is also on the hook for 10% of the agreed price.

Curious to know what happens if the survey reveals problems? Is the price renegotiated?

RosieLeaf · 27/11/2024 06:05

Of course you can’t. It’s frustrating, but it’s never done until it’s done. They haven’t actually done anything wrong.

Calamitousness · 27/11/2024 06:05

YANBU, it’s not ok. English home buying is appalling and needs updates and completely revised. Those that think this is ok are just ignorant of the better ways of selling/buying that exist. Scotland has a really good system. Not to say that stuff like this doesn’t exist but it’s much less and there are costs for the person that withdraws and the amount can vary depending on where you are in the process. A week before moving would be full costs as missives would ups have been signed already. I’m so sorry this has happened to you. May karma kick them in the ass.

gestroopd · 27/11/2024 05:56

samarrange · 27/11/2024 00:44

English/Welsh (Scotland has a different system) property buying laws are completely bonkers.

In France, to make an offer you put down a 10% deposit (often in the form of a cheque that is not immediately cashed, but the money is still at risk). If you pull out, you lose that 10%. The only legitimate reason to pull out is if you can't get finance, but if you try that, the seller is entitled to call their own bank and say "Will you lend Mr and Mrs X €250,000", and if the bank says yes, you have to take that loan.

There's no shenanigans with gazumping or gazundering either, as the seller is also on the hook for 10% of the agreed price.

In The Netherlands you have to actually transfer the 10%. Also very few reasons why you can pull out and same for the seller. It's not a perfect system but the English/Welsh one is pure unnecessary insanity.

OP the situation you were in before they pulled out sounded incredibly stressful. I feel sick for you at them pulling out.

LBFseBrom · 27/11/2024 05:56

Pickandmixmood · 27/11/2024 00:15

Legally, they’ve done nothing wrong so best to just try to put it behind you and move on. I understand how devastating and infuriating it is though.

I agree.

Op, I am so sorry, this is awful for you. Unfortunately you can do nothing about it.