Meet the Other Phone. Child-safe in minutes.

Meet the Other Phone.
Child-safe in minutes.

Buy now

Please or to access all these features

Property/DIY

Join our Property forum for renovation, DIY, and house selling advice.

Need to vent..buyers pulled out.

6 replies

footphobic · 20/06/2017 21:15

We accepted an offer on our property four weeks ago after only one full day on the market. We're in semi rural Suffolk so not sure if that's indicative of the market or we were just really lucky, probably the latter. There's not much on the market here though, small quite nice market town in a lovely area. Our buyers had sold to FTBs in rented.

We were so lucky with our own onward purchase, gorgeous big old country house, saw it for sale a few months ago and loved it but originally way out of our price range, absolute dream house for us. It had sold but the buyers had to pull out and the vendor was desperate for a quick sale and was very open to offers. After a bit to to and fro-ing she accepted our (very) low offer based on the fact that we were sold and could proceed quickly, her own purchase has no onward chain. Everything proceeding well with our buyer, survey done etc.

Too good to be true. Today our buyers pulled out, very close to exchange. Silly reasons to pull out imv, mainly caused by the inconveniences of moving to the next town (8 miles), such as grown up daughter now thinks she'll be too far from work and they also didn't realise moving town would mean moving GP. One of the couple is waiting for an op and this has put them off even though it would still be the same CCG/PCT. To me, these are issues to decide on before offering, not approaching exchange.

I am bitterly disappointed. We've gone back on RM today, but as the listing has our original listing date of a month ago, DH is concerned we won't pop up in any alerts or searches for anything new on the market and might get overlooked a bit.

We are so desperate not to lose the new house, I could cry, but if we don't get a quick sale again I think our vendor will remarket.

I'm just venting really, it's just such a hideously shite and stressful process. Sad

OP posts:
BangkokBlues · 20/06/2017 22:35

Aw man that sucks :-(

caledonianclown · 20/06/2017 22:40

Oh that sucks, I feel your pain. Our buyers pulled out 4 weeks ago, the day before exchange, with similar ridiculous reasons. We've been back on the market since then but with limited viewings and no real interest, we're now looking to move agents to try and reinvigorate it a bit. At least we'll then come up on new alerts again, as I fear the same as you about becoming a bit over looked. Good luck, fingers crossed you get a quick sale again.

Maiz7654 · 20/06/2017 22:45

Just for a bit of reassurance. Our house originally sold within 9 days but buyer pulled out just before exchange, 12 weeks into purchase due to us refusing to drop house price by 10% last minute. We put our house back on rightmove and it sold within 6 days.

I have to say some buyers are so unrealistic in what they expect to happen during the process. Mine had got quotes from a builder friend, for non essential work highlighted in the homebuyer report and expected us to just reduce the price by that amount when they refused to exchange unless we did. (We got our own quotes and they came in at 25% the amount of theirs!)

footphobic · 20/06/2017 23:32

Thanks.

Maiz, Good on you standing your ground, glad it worked out for you. Everything crossed we can sell again quickly too so it doesn't impact our own purchase.

I must admit to being completely bemused at them pulling out due to having to change GP.

Clown, I hope you have better luck soon.

OP posts:
loveka · 21/06/2017 17:45

Our seller pulled out on the day of exchange. We were all packed up with removals booked because our buyer was insisting we complete on a certain date and wouldn't budge.

Our buyer wouldn't wait for us to find anything else (which we did 10 days later)

So now we are back at square one and I could cry. We had given up jobs (relocating) and it's cost so much money.

No-one is interested in our house now. It's been on the market for over a week now.

We had a previous sale which fell through the day before exchange in December. So it seems this is quite common.

You are not alone. Sadly.

Sunnyshores · 21/06/2017 19:43

When we re-marketed the EA deleted the old advert and ran it as a new one with new date etc.

New posts on this thread. Refresh page
Swipe left for the next trending thread