Thinking of pulling out of property purchase...

[pollypanic]

We've had an offer for a property accepted. It is a long way from dream house but there is a lot right about it. We need to make some improvements to the house but we have had the results of the survey back and it has thrown up a few issues that will make the improvements we want to do a lot more expensive as well as costing us £1k to fix. Through the solicitors we have contacted the owners but they are not budging on fixing the problems before exchange or reducing the price.

In the meantime another house has turned up that also is not dream house but has a lot right with it, needs less doing to it and is cheaper.

We haven't put an offer in on the second house but will need to quickly if we are to go for it.

I feel ill with stress about pulling out of the house purchase, we are the end of the chain. But it is a lot of money to spend just because we don't want to upset someone.

Urrgggh! What to do?!

Has anyone pulled out and how did it go down?

Has someone pulled out on you and did you hire a hitman?

Do you trust your solicitor to give you good advice? This is where a good solicitor is worth their weight in gold, they should be able to advise you on how to proceed. They need to provide you certificates on the work carried out to fumigate the insects as their will have been a guarantee on the work. Your solicitor should know to chase this. Also they should be able to advise on the best way to proceed with the indemnity etc.

The solicitor is one recommended by the EA - it is not clear if they are in the same office. The EA is only interested in the sale going through. Either they provide the information or you walk away.