Vendor put property back on market after offer accepted

[MelsBels]

Hi All,

We have an offer accepted on a property, survey complete and mortgage offer approved. Only to find out from the Estate Agent that the vendor has now put the property back on the market as they feel the offer they accepted is too low. Apparently the vendor has said that if we offer 15,000 more the property is ours - the cheek of it!!

The property is back on rightmove but only if you search for properties 'Sold subject' to contract. It still says sold subject to contract but now says they are having an open house next week saturday. Just to add our offer is only 5K off of the asking price which was 460,000.

Has anyone else been in this situation and end up getting the property in the end or should we give up hope??

Walk away. And swear at them as you leave....

It maybe your real problem will be finding a house for the money you have available if this one has been "re sold" for £40k more than your offer. You, unfortunately have paid for a survey so this is a loss, but I do hope you find somewhere just as good.

For what it's worth, we offered the asking price on a flat but another buyer offered another £10k. We decided not to outbid and the vendor accepted the higher offer. We bought another flat and, on the day of completion the agent from the first flat phoned up to ask if we were still interested! The "better offer" had not even resulted in a survey taking place apparently. Offers are not all they seem. I had to laugh.

Up your offer, wait till the day before exchange and then pull out. That'd learn them!

We had an offer accepted on a house. The owners stipulated they would accept our offer if it wasn't completed for 6 months. We agreed to do the survey and the deposit around the 3 months mark. In the meantime, the estate agent who dealt with us rang from a different estate agents where he had moved to asking if we were interested in viewing a different house he had. We said we were in a sale already with the first house as he knew. We thought it was very strange to be solicited like this when he was the agent through which we had our first offer accepted.

It transpired he had moved to a new agents and the house we were going to buy was put back on the market at this new estate agents for 50, 000 more. I thought that was pretty sharp practice. Bit of double dealing, I thought.

They're dodgy folk. You don't know what is true with this cattle trading.

Hi MelsBels

The same happened to me in Leyton / Walthamstow. The estate agents and the developer were the same people and wanted 15k at the last minute after pushing us to get our surveys, valuations and mortgage completed. Made me so angry. Where was your property?