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Original poster

We've been gazundered

45 replies

gazundered · 28/10/2011 08:23

Everything going well, surveys done and all good, buyers bank happy with price. Buyer comes back last week offering 20K less, for no reason other than that they can.

Sigh. We can't proceed with a drop of that magnitude. They are already getting a great house for the money ( isn't everyone who is buying at the moment?) and we are stumped.

Just needed to get it out [cry]

OP posts:

Original poster

gazundered · 28/10/2011 12:08

They are already getting it for a song, honestly, there is nothing as nice on the market in the area! ( North west).

Anyway - good news! Previous people who made an offer but weren't proceedable now are! The EA is working with them to see what deal can be done!

OP posts:

noddyholder · 28/10/2011 12:10

I bet they will 'find' the 20k now! Stick to your guns because although the market is bad atm they have left it too late in the day for this sort of nonsense!

IndieSkies · 28/10/2011 12:12

Stick to your guns, and pursue other buyers.

My friend was subject to a last minute gazunder manouvre a couple of weeks ago and held fast, refused to drop price. Buyers held their position until the next last minute and then caved in at agreed price the day before exchange and completion on the same day.

Original poster

gazundered · 28/10/2011 12:12

Thank you everyone.

The market isn't great by any stretch but that doesn't give anyone the right to screw people over.
I'll keep you updated!

OP posts:

naturalbaby · 28/10/2011 14:15

great news! hope that teaches the idiots a lesson.

can't believe the story about the investors putting a house back on the market!

Northernlurker · 28/10/2011 14:30

Do not give in. People this dubious do not deserve your house.

Becaroooo · 28/10/2011 14:39

Bastards!

Call their bluff. Seriously.

They have spent money on this they will not want to lose....legal fees, valuations etc.

Put it back on rightmove asap and let them know you have another offer.

Bastards!!!

Blackduck · 28/10/2011 14:49

This makes me cross, and I am concerned this is what is going to happen to us. Hold your ground and I agree about getting the sold taken off rightmove.
BTW to the person whose husband took out the downstairs bathroom suite I suspect that is actually illegal and you could have been sued (so suggest you don't try anything like that!).

MamaChocoholic · 28/10/2011 14:57

we got stung like this too. we had accepted 30k under asking price, and they knocked another 20k off on day of exchange. (sounds like an expensive place, it wasn't - a 2 bed flat so they got 20% off in total).

we had to move, new job starting in another town. but we honestly couldn't afford to. they people we were buying from were getting divorced and while the wife wanted to share some of the hit to get the house sold, the husband wouldn't. then their EA called to say another house we'd seen, that had been way out of our price range, had dropped in price by 50k, they could move in two weeks and would we like to make an offer?

we did, and moved in two weeks. it was awful at the time, but we've ended up with a much nicer house in nicer area. hope your cloud leads to a similar silver lining.

Amaris · 28/10/2011 14:59

What's their position? Will they lose buyers if you don't agree? In which case, your position is probably stronger. Great news that there is someone else that might be interested! Some people are just rotten. My buyers have been lovely and honourable - my vendors have lied to me about their position and can't get a mortgage so looks like I have wasted money on searches and survey. Good luck!

Original poster

gazundered · 28/10/2011 15:01

Hope so everyone, I really do.

I suppose the other option is to pass the difference up and split it between us and our vendor BUT the trust has gone. I don't want to do business with these people, I don't trust them not to try another stunt even further down the line.
They've already demanded so many things from us already, I think they are arrogant to say the least.

Fingers crossed our lovely other buyers can pull it off!

OP posts:

Becaroooo · 28/10/2011 15:05

Exactly!

God knows what they will try and do nearer exchange!!!

Original poster

gazundered · 28/10/2011 15:07

I just cannot understand why people do this.

They know they are getting a great deal. They have had the finances approved for it so can afford it. They know they will disrupt and upset people so WHY?
Are some people just shits?

OP posts:

garlicBreathZombie · 28/10/2011 15:09

It's about winning, innit.

I was so excited to hear about your second-string buyer! Really hope they get it together - and can manage more than this lot have offered :)

Rooting for them and you!

VivaLeBeaver · 28/10/2011 15:19

I hope the second buyer goes for it and you fuck the first buyer off. I then hope the first buyer comes back, offering the extra 20k and you tell them where to stick it.

Becaroooo · 28/10/2011 15:24

Yeah!!!!

Get T shirts printed saying "Off you fuck" and wear them when rejecting their (original) offer!!!

zonkin · 28/10/2011 15:24

This happened to us a couple of years ago. We refused to take the extra 20k off and told estate agent to remarket the house. A week later they backed down but we said we didn't want to sell to them any more as we didn't trust them. They ended up offering us more than the original agreed price in the end but we sold to someone else.

Really hope your other buyers come through!

Becaroooo · 28/10/2011 15:30

The people we bought out first house from did this to their sellers (this was in 1999)

They ended up having to go into rented accomodation as they tried to get even more off the price and the seller got so angry/upset he sold it to someone else for less just so this knob didnt get it!!!

Makes me happy everytime I think about it....

levantine · 28/10/2011 15:32

Ha ha zonkin and Becaroooo, so glad people don't always get away with it

Gonzo33 · 28/10/2011 16:17

What a nightmare. I hate people like this. I hope you get another offer so you can tell them to get lost.

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