I had a thread end of August. Buyer, who was an "investor", was messing us around, refusing to agree date to aim to exchange/complete. We had accepted lower offer as they were cash buyers and wanted to move quickly, but just delayed and delayed (6 weeks to instruct sols). Got great advice here and gave ultimatum (agree a date or deal off). Buyers ignored us so we put house back on market. Fortunately, our vendors gave us a couple of weeks to find new buyer (in SE, shortage of property in area). We are ready to exchange on property we want to buy.
Found new buyer in 6 days. Same lower offer, but thought worth taking hit rather then lose property we were purchasing. They are selling 2 bed house to an investor (who has several other properties in street). We made it very clear to EA we wanted to move quickly (DC3 due Jan 2015 want to get a move on). Everyone was happy to proceed quickly.
Plan was to exchange today, complete in one further week. I have been getting a bad feeling last few weeks, little things, but for example, I was contacting removal companies and realising that we would pay a massive cancellation charge if we booked and changed date within 7 days, so was really pressing was everyone ready to go. I also asked if our buyers had booked movers because surely they were facing similar charges?
This morning EA contacts and says the buyers won't agree date to complete as problems with spelling of names in contract (which they have had for over a week). I tell EA they need to stop messing around. This evening we get told they are dropping their offer by 20K because surveyor has classified as our property as end of terrace rather then semi-detached (its a house attached to some apartments), apparently they have sufficient funds, but feel this "devalues property". Survey was done 3 weeks ago.
We've told them to take a hike. We can't afford a 20K drop. We can't afford 10K. They have till 3pm to confirm purchase at original asking price or deal is off.
Anyone any experience of something similar? Have we done the right thing? Are we doomed to never be able to sell our house. We are looking at losing 6 K on fees etc and have nothing to show for this.