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Original poster

Why do house buyers withdraw just before exchange?

8 replies

Roarsomemore · 04/12/2022 10:35

I get that people make decisions to suit them and their families... however, we've had 3 buyers pull out months into the process and just before exchange. This means we are close to the end of our mortgage offer and might lose the house we are buying.

What I'm annoyed about is why waste my time and take it to the wire? Feeling really fed up with it.

OP posts:

BobbyBobbyBobby · 04/12/2022 10:41

Maybe their buyer pulled out?

yoyy · 04/12/2022 10:43

Change in finances, a better option comes up, they lose a buyer

Idontwantafuckingusername · 04/12/2022 10:45

Plenty of possible reasons for it. They may have lost their job, fallen ill, some family situation has arisen, or they're expecting a baby suddenly which makes them reconsider.

There also may be something in the survey that spooks them, they lose their mortgage offer/buyer, or, sometimes they can just lose their nerve and bottle it because some people are twats.

Sorry this has happened to you three times. What do your agents say?

SuperCamp · 04/12/2022 10:53

Horrible for you OP.

Panic? Redundancy, their own mortgage offer has expired due to protracted conveyancing, last minute factors coming to light in searches, surveys etc, family crisis of some kind etc etc. I had buyers pull out because the house next door came up and they preferred it because if direction of sun in the side return. Flaky decision makers?

Whatever the reason it is utterly disheartening, and I sympathise.

Whiskers4 · 04/12/2022 10:59

We pulled out as other sides solicitors revealed something last minute we weren't comfortable with. We'd struggled to get a mortgage in the property itself.

Original poster

Roarsomemore · 04/12/2022 12:01

What has annoyed me is not the pulling out but the timing of it. It's that the three buyers have kept it going until just before exchanging. Nothing to do with survey etc. All their own personal reasons that were around when they put the offers in.

OP posts:

AnyFucker · 04/12/2022 12:18

House buying/selling…in the top 10 of most stressful life events

StarbucksSmarterSister · 04/12/2022 12:36

I had buyers pull out because the house next door came up and they preferred it because if direction of sun in the side return.

OMG, did you actually have to live next door for any time or did you manage to move out quickly?

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