AIBU to continue running away from this house purchase?

[Quandaries]

Follow-up to www.mumsnet.com/Talk/am_i_being_unreasonable/4041606-AIBU-to-walk-away-from-this-house-purchase

Don’t even know where to start.

I’m a little worried that what I’ve posted so far makes me recognisable but what I’m going to post makes the sellers from hell recognisable so I’m not sure of the best way to go about it.

Well they can if they’ve worked out NB is the seller using a fake name. It is possible.

I think what we can agree on is that the vendors are nuts if they think they can suddenly ask £75,000 more for a house just because they may or may not have got an offer of £8,000 more than asking. That doesn't compute at all. The sales history is on the internet for anyone to find. When they see that ludicrous price hike no one will touch it with a bargepole.

I do wonder why so many posters are so insistent that the vendors will never get the additional £75k when they can’t possibly know

In the first post on the original thread the OP said the house ‘was very good value for what was offered’ hence their asking price offer

This implies they thought they were getting a bargain and it seems the vendors now agree, particularly given the amount of interest there was in the property

I’m not condoning the way the vendors have gone about things but, in the current market, if the house is desirable, particularly to work from home with an occasional commute, it’s not at all unrealistic to think the house could be worth about 10% more than they originally advertised it at

Even if they don’t get the full £75k the could well get a lot more than the original price

The fact the English house buying system allows this is a whole other issue

I do wonder why so many posters are so insistent that the vendors will never get the additional £75k when they can’t possibly know. Even if they don’t get the full £75k the could well get a lot more than the original price

Exactly. People love to think they’re getting a bargain. A new buyer might think they’ve achieved a major coup by beating the vendor down to £805k, for example - blissfully unaware that the OP had an offer accepted for £30k less only weeks before.

Can I just point out, I said the new asking price is over £75k in excess of what the property was listed for when I viewed it. It’s significantly over that, but I just want to be vague, where possible.
I’ve had several PMs from people asking me to share the link with them privately or with guesses based on Rightmove searches, and I just don’t want the link to the house linked to me/this thread.

The highest property price in the village in the past 5 years has been the house I mentioned earlier- a lot bigger, indoor pool, gigantic kitchen. This house is now listed at well over £50k of the price that the bigger house sold for.

Sure, maybe they will get interest at that price, but I can’t see how anyone would justify it. It’s now in a price range where you can clearly see the marked difference between it and other properties within a 5km radius, and it just does not compare in any aspect.

Sometimes when people get something "free" - like an inheritance - they get greedy. Because they don't need to sell, they think that they can wait it out until the market catches up

Alternatively (or perhaps simultaneously ) they overspent significantly on the renovation and have belatedly decided that they "should" be able to recoup the extra that they'd spent and more over and above the value of the house at the point that they inherited it.

Either way, they're deluded thieving (if the EA's promotional material) bastards and I hope Karma comes flying their way.

Quandaries - I hope the right house comes your way sooner rather than later and that in a few months you'll be comfortably settling into an even better "house of your dreams". Good luck

bearbehind
I think it would take a pretty unusual buyer to look seriously at a house that had had a £75,000+ price hike overnight.

Can I just point out, I said the new asking price is over £75k in excess of what the property was listed for when I viewed it. It’s significantly over that, but I just want to be vague, where possible.

That’s understandable, but you can’t be surprised when people comment/offer advice based on the information you’ve given, rather than trying to work out where you’ve ‘been vague’.

I think it would take a pretty unusual buyer to look seriously at a house that had had a £75,000+ price hike overnight.

If they know about it. If I started looking at properties today, I wouldn’t go digging to find out if there had been a massive price hike - because most of the time it just doesn’t happen.

Another possibility is that it's a divorce sale and one of the parties doesn't actually want to sell...

Buy a knackered old lorry.

Make a sign and fix it
at a sad angle on the side.

"Honest John's Subsidence and Pest Control"

Park it outside till next spring.

Sometimes karma needs a helping hand.

I don't see how the estate agent could sue them for that. Maybe for using his photos, but they are unfortunately entitled to pull out at any point before exchange.

@valtandsinegar

I don't see how the estate agent could sue them for that. Maybe for using his photos, but they are unfortunately entitled to pull out at any point before exchange.

It’s been explained many times already on this thread .

Where I am in the states we have to sign a contract when working with an agent... And couldn't immediately pull out and list ourselves. I can't believe that's it allowed. I hope the EA wins... Too bad you can't get the survey costs back.

I was house searching and put in an offer at the top of my budget... 5k lower than asking price. Sellers asked me to increase, I said no because I absolutely didn't have the funds nor financing to go higher. The sellers MOTHER then pleaded with my agent for me to "just please come up the 5k". I walked away. 6ish months later the house sold for 15k LESS than my max offer. Fucker got what he deserved IMO 🤣🤷

Have read most of Thread 1 and all of thread 2. I demand that we be kept au fait with what happens to the house, even if the OP has to give up their job and employ a private investigator to find out.

Aldi Choceur chocolate bars, especially the fruit and nut, are excellent.

I can also highly recommend Tesco's version of After Eight Mints, which only cost a quid a box and are vastly superior to the original. Put them in the fridge - you won't be disappointed.

I’ve had several PMs from people asking me to share the link with them privately or with guesses based on Rightmove searches, and I just don’t want the link to the house linked to me/this thread.

OMFG I can’t believe people are such nosey fuckers that they’d message you to ask for this information!

Some people really need to get a life

@Bearbehind

I’ve had several PMs from people asking me to share the link with them privately or with guesses based on Rightmove searches, and I just don’t want the link to the house linked to me/this thread.

OMFG I can’t believe people are such nosey fuckers that they’d message you to ask for this information!

Some people really need to get a life

It’s outrageous, isn’t it? I’m well aware I got over invested in this but that magnitude of brass neck would never occur to me.

I can’t believe people are privately messaging OP either!

Mind your own business beaky buggers!

I think the sellers are clueless. Someone has suggested they were selling at too low a price - they may be advising them out of ignorance or they may have some underhand scheme at foot. The sellers actions seem likely to bring on the wrath of the estate agents. The EA are not likely to let this go easily.

This is for the grammar police - ', s, and whatever else is missing....

Enter Player Two

We have an update. I had to stop live posting this as I was just afraid of being recognised but here’s what’s happened in the past few days.

Firstly, I wrote the statement for the EA and sent it to him. His photos and footage were taken down from the new ad and replaced with their own shittier ones.
I’m not sure what the EA’s plan of action is, but I don’t really think that’s anything for me to worry about.
I did notice that the ad came down a few days ago so figured it had sold.

I spent a few days moping around and feeling sorry for myself. It’s a beautiful house and I’d have really liked to buy it. But then I started thinking rationally and looked at the positives- we’re not homeless, we have a sizeable deposit, there are more houses out there, and the niggling voice that has always been telling me that buying a house in the middle of a pandemic and economic uncertainty hadn’t gone away.

So, all good, I made peace with it.

Then I got a phone call from my solicitor to say that their solicitor had been in touch and wanted my contact information which I gave permission to pass on.

The solicitor rang me and, who’da thunk it, the cash buyer has pulled out and the sellers wanted to reengage with us. However, it has transpired that there was some issue when the solicitor was doing due diligence and it turns out that half of their garden isn’t actually theirs. I don’t know how, but the land actually belongs to the council but they’d fenced it in to their garden ten years ago so now need to rectify it. So the house now comes with a much reduced garden.
The solicitor says that he fears that this could make the house unsellable to most people, but he just knew how much I loved the house and so I wouldn’t see it as a big problem at all and he was willing to give me a 24hr period of exclusivity to think about it before the house is relisted.

I thought about it very carefully for approximately 0.3 seconds, and referred the solicitor to one of my favourite legislative documents-

Arkell vs Pressdram

lettersofnote.com/2013/08/07/arkell-v-pressdram/

Love your response

Ooooh, classy !

Nice one OP.

Snorting with laughter here!

🤣

Amazing - although I can't see link. Can someone screen grab please?