Hi please could I join? Sorry for the long back story... So we had some v bad news today, the EA called to tell us that the vendors of the house we were buying had phoned them up yesterday and told them that they were fed up with waiting for us to sell our place and they were putting the house back on the market today. Just like that. Why did it take the EA til 2pm today to tell us, with not even a hint or warning or a chance for us to plead with the vendors?! We're gutted, we loved that house so much, it was perfect for us, not sure how I'm going to explain this to my 5 yo dd who has been asking non stop when we're moving and how she loves the new house and can't wait 😢
Things round here are really slow to the moment, most of the same properties that went on the market around the same time that we did 12 weeks ago are still on, it must be because of Brexit. There don't seem to be many new properties coming on either, I think people are holding back til after the vote.
We do have a buyer for ours in the pipeline, they have written us letters and put them through our door telling us how much they want to buy our house, BUT they aren't able to proceed until they've received an inheritance they're waiting for to be able to afford the mortgage. I have no idea if the agents have even told our vendors this info, I think they prob haven't as they have been utterly rubbish with close to zero communication, after the first 8 weeks with them and lots of unsuitable viewings, we heard nothing from them for over 2 weeks, so we had to keep chasing them! They haven't sent us any viewings for a month, so we complained last week and now have 2 lined up for the weekend, but they have sent us totally the wrong people so far who have had requirements completely different to our house! We have another 8 weeks left with them on our sole contract, hoping by then the potential buyers will have their inheritance through and be in a position to proceed, then could we avoid paying EA fees altogether?!
Have I been really naive? When our offer was accepted the vendors knew we had to sell our house and had only just had our valuation done. They said that was fine at the time because they wanted time to find somewhere themselves and not be under pressure. Then about 6 weeks ago they had an offer accepted on a place, but have just changed their minds, pulled out and had an offer on another house accepted. I don't think I trust them anymore now, even if we could stop them putting the place back on the market.
Apart from being rubbish EA's with no communication, it also pisses me off that they set us up in a fake bidding war, the other people had actually stopped bidding at 10 k less than they told us they had we later found out. They said we had both bid up to the same amount (untrue, the others had stopped 10 k ago and then we ended up offering 20k over the asking price), then said they would persuade the vendors to accept our offer if we put our house on the market with them (we'd had our place valued the week before with a different agent we liked). Then they said we'd have to also sign a 20 week sole agency contract with them for them to secure us the property. Feel so stupid now! Totally let down on all sides 🙁
Considering at the time we offered, house prices were slightly higher round here, the market has slowed down, AND we were led up the garden path do bid 20k over asking price, I'm surprised to hear the vendors are putting the house back on the market for what we offered and not the original price. I do wonder if someone has come along and bid even more than us? If they've waited 12 weeks for us already and do know we have a buyer in the pipeline, why go back to the drawing board all of a sudden?? So stressed right now 😢