Our buyers have just pulled out. What do we do now?

[alabasterangel]

Practically I mean, although emotionally I'm drained too.

We were 4 weeks from moving, mortgage in place both sides, all searches etc done, nothing untoward flagged up, agreed a moving date and all systems go from a solicitor to solicitor call at 9 this morning (which agreed the moving date) then at 11 a call from the agent saying they'd had a change of mind about the area (nothing has changed since they viewed it, it's the same f-ing area and not a rubbish one either) and they're pulling out.

What do we do now? I have no idea what to think, we'd started to box a few bits up, sold a couple of bits of furniture we no longer wanted, etc. it's starting to look like a warehouse. Agent says they will remarket but I just feel so deflated.

At what point do we tell the vendor of the one we are buying? Our agent says wait a week, put ours back on the open market 'you never know' etc but that feels very wrong.

My head is spinning at bit......

No advice really but just wanted to say poor you, what a nightmare!

Listen to EA, if they get it up quick you might get another buyer but of course all of the surveys etc will need to be done again. You will probably have to tell your buyers soon.

Good luck!

Exactly the same thing happened to us last week. Bastards.

We managed (after running around for a week) to sort out an agreement with our mortgage providers to let out our current property and continue with our purchase.

For us the major deciding factors were:

1. How much did we really want the property we are buying (yes, we knew there was nothing comparable out there that ticked our boxes).
2. Could we raise enough money for the deposit without the equity from our home (yes, with help).

Have you thought of this option?

I would tell your vendor the truth. You're still interested and putting the house back on the market but ............... keeping it secret will add to your stress.

Thank you. We sold it so quickly, 10 days after putting it on with an agent. But that was at the end of a lot of faffing about first. We put it on ourselves last year, had 6 people who wanted it but none could offer, they were all in unsold property or waiting divorce settlements or we got as far as offers and they couldn't get lending, all had reasons. Basically every bugger who walked through the door wanted it, but none could progress. Then someone could....and DH lost his job, so back to square one. Then he went back into employment and one of the interested parties was still interested so we had three viewings with her, spanning 3 months, one of which lasting 2 hours where she interrogated every detail (was retiring and moving into the town, so understandably cautious) and after investing a lot of time and energy on that, she decided NOT to leave her hometown. Masses of time wasted.

So we decided to put it on with an agent, had three viewings booked for the Saturday after putting it on the Wednesday, and all three cancelled the day before, citing death in the family, relationship trouble and being outside their price range. Then a spur of the moment viewing led to our offerers, who have turned out to be about as useful as a chocolate teapot.

It's the same sodding area as when they offered. It's a good price, and as everyone keeps telling us it is a gorgeous house.

I don't want to let it and don't think financially we could do that; this is a big upgrade and we need the equity as a deposit, and I don't want the responsibility. We just need to sell.

At least the seller of our (hopefully) new house is the end of the chain and moving into rented. I hope he is patient. It was on the market 9 months before we offered. I have just agreed with the agent here to let her remarket and if no viewings booked by the weekend we will let them know.

I feel like crap tonight, like I've been punched. 4 wasted weeks where we could have been marketing this, sets us into dissaray with time provisionally booked from work, school holidays. I appreciate they have lost money on their searches and so on which makes it even more baffling.

Stupid bloody people!!!

Can I join your gang, my buyer just pulled out.
Mortgage is ready to go, surveys done.
Had a little sob & swore loudly, then tidied the house in preparation for the next round....

I'm so sorry leg when did this happen?

I'm feeling so tired, but it's my day off tomorrow and I know I have to unpack/consolidate/ move on. Just feel like I've been trying for a year already......

Found out at 2 yesterday. We haves viewing ned up for thur & we're back on right move as chain free I assume because we're all ready to go. The survey on the house we're buying has only just been done, so that could be £600 in the bin...

So sorry leg but really positive you have a viewing for thurs already.

I feel pole axed today, which I am angry about because it is ridiculous. I've been through far worse in life but this feels like there is nothing I can do so I feel kind of deflated. I've also got to do something about the mountain of boxes. We don't have a garage otherwise I would just put them somewhere like that. No relatives nearby either. I guess the answer is to unpack them and flatten down the boxes and put those in the loft. I found viewings hard work and we've got to start all that again.

Feeling very flat today!

I really feel for you on this. Happened to us in November last year. But a week later we had a call from our estate agent saying the buyers had changed their minds again and did want the house after all. We exchanged two days later as the chain had remained intact. So it is worth keeping the chain informed. The emotional roller coaster of all of that was indescribable. I will never move again.

It's fingers, arms & legs all crossed. It don't help that next door saw the fab price we were getting for our house & last week sold to a chain free buyer & have a June moving date. My house better & the same price.

Airfixkitwidow your right never again

We lost our buyer after waiting months for her to get her mortgage together. I boxed stuff up and rented a storage unit to put it in. Could you do that? It actually made moving day easier (we were still in the same area) as we didn't have so much to shift on the day.

We also had to be creative to keep our vendor happy. They agreed to wait a certain amount of time before re-marketing theirs and we gave a financial incentive for them to do this. We finally moved in a few weeks ago and just about settled now!

There are about a dozen boxes. One contains cushions and throws for the sofa which was being sold on ebay, so I've ended the listing and need to get those back out. The others are books for now empty book shelves which really need to go back out otherwise it looks very sparse. The smaller boxes were our dinner service and photos and glasses, and I think they will just squeeze under our bed out of sight.

I'm just feeling so flat. I can't understand their logic and if it's was something outside their control (redundancy, lending, whatever) then I think I'd be a bit more forgiving. I'm also getting very annoyed by people from outside the area wanting the house, then saying the town as a whole puts them off. Do your research BEFORE making me an offer, please!!! two complete time and money wasters now, both blaming the town..... Beyond comprehension!

Put boxes in your car during viewings?

How's it going alabasterangel

I have a new buyer - hurrah! You?

three viewings & no buyer there was one piss taking offer £30k under asking.

I have a dilemma I can raise the entire value of my house £200k through various parents which would let me buy the 'forever home'
What if my house takes ages to sell, what if my house goes for a lot less.

Went to see the EA today they have no one on their books for me, don't know what to do. I would owe nearly £500k if I took the loan & my new mortgage, that's a huge amount in my world.

I love the house ??