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Money or decency imo

30 replies

noddyholder · 22/06/2011 14:06

Our house is in a bidding war. Both couple really want it for the schools etc and have been going up in 1k bids all day yesterday and this am. I told the agent I wanted to go with 1 partic couple as they are lovely and were the first people through the door etc. They have now put in their max which was 2k more than the other couple and so we accepted it. Now the other couple have come back and offered us another 7k agent says he has to put it to us as thats 'business' but I had already accepted the lower figure although the couple don't know as they couldn't contact them and have just left a message. Dp wants to take the 7k and the house did cost a fortune to do up but we were happy with the lower price and I feel terrible. The couple who paid more have just had a baby and their best friends live in the road and they are determined to get this house. Would you take the 7k or stick with original

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noddyholder · 23/06/2011 11:44

The couple selling have their flat under offer with the agent selling ours it has had its survey but thats all I know.He is also a 1st time buyer .The 'nice' couple have now offered the most money and are in the best position but I had accepted the other offer yesterday. I usually try and avoid chains but sometimes it can't be helped. Dp being hopeless just saying take the £ but he is at work and I am texting him so not surprising really.

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trixymalixy · 23/06/2011 12:29

Noddy, please don't take a financial hit based on a first impression. We sold our flat to what we thought were lovely people. They paid over the odds on sealed bids and DH felt guilty and wanted to give them some money back. We left the place immaculate and went back to show them how things worked etc.

They then tried to intimidate us into paying them money that our solicitor said we didn't owe them, by sending a letter to us bypassing our solicitor and theirs on headed paper from his work, he was something impressively legal.

They then held our mail to ransom until we paid them the money as royal mail had cocked up our redirect. They then started harassing my Dad to try and get the money as one of our old neighbours had obviously told them my Dad lived in the next street.

Funny that when our solicitor sent a letter to their solicitor telling them why she thought we didn't owe them money asking for the evidence why they thought we owed them money and telling them that if they contacted us our our family in any way we would take further action, we never heard anything back!!

Thank the lord I overruled DH!!!

noddyholder · 23/06/2011 12:50

I have decided to stick with the people who offered the 7k extra yesterday. It just feels right they are not in a 'no chain' but are much more financially able to pay. The agent says the others are v distraught about this and he says they may come to our door they are so keen! Not looking forward to that! Trixy what a nightmare. House buying and selling does need some sort of new 'rules' the current system is open to so much corruption and everything is still in the air until the last minute

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TheregoesBod · 23/06/2011 13:35

Firstly, well done for renovating so well that you inspire such feeling in buyers!

You are evidently a talented and experienced renovator/developer so at this late stage in the process is it possible to take a step back and BREATH?!

As trixy said, nice or not isnt really relevant as the nice couple may not be and the second people may in fact be lovely.

Perhaps sealed bids would be the very fairest way to proceed? That way, each couple gets the opportunity to put in their final FINAL offer and outline why they are the best buyers. This would have the advantage of giving a definite endpoint to all this for all of you and preventing someone turning up on your doorstep pleading (eek). If I have followed this correctly, then both buyers have chosen to gazump the other and I would therefore be ok with telling them its going to sealed bids.

If you said Friday Xpm then you would also have a chance to chat to DP in person tonight to clarify your own thoughts, and have it bought to an end for all parties before the weekend.

Sorry if this is long, you seem really nice and I dont envy your predicament. You were the one coughing on brickdust and getting covered in paint though - so please remember YOU have earned this!

ChitChattingagain · 23/06/2011 18:18

Personally I would go for no chain. We were no chain buyers, and the house we bought had been under various offers for 18 months - everyone who had made an offer had the offer on their houses fall through.

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