Gazundering...told my buyer to piss off

[ilovewinterpansies]

My buyer has at the last minute asked for £5k off my house which is already being sold at a bargain.

We have told him to piss off (obviously the estate agent has put this in more polite terms).

Mortgage offer is in, survey done (and apparently says our house is in good order so I'm not sure why he wants £5k off) and enquiries are almost all done. We are on the cusp of exchange.

How much is this just the buyer chancing his luck? Shared experiences will be very welcome!

What a prick.

I'm sending you lots of luck for this weekend's viewings, it's a lovely spring day here and I hope it gets snapped up.

Ugh that's awful!! We had a tense few days when we bought our house as the seller started messing us around, it really is a bloody nightmare of a process! Everything crossed for a quick simple sale for you OP!

This happened to us.

Particularly galling as we had someone try and gazump the gazunderer a few weeks previously and we stuck with the buyer we had an agreement with.

We refused and they paid up. I hate the whole system.

Im a lone parent and will have to sell my house and buy another in 3 years....im dreading it...im tempted to rent in between to take the pressure off a bit.

What a nasty person, I had this done to me 20years ago and I still get annoyed when I think about it,

I do think they need better legal protection for sellers. As in once an offer is accepted there are real financial consequences (maybe a buyer's depisit) for buyer pulling out unless there is a genuine reason e.g. serious illness, redundancy. That way they can still change their mind but know they will lose a few thousand pounds which will compensate the seller for the inconvenience.

Nightmare. Definitely do as you've said with your vendor. Are you relisting with the same EA? Can you list with a second in case they have any different people on their books?

I've got joint agents on the case now.

We had 3 viewings today, all pretty positive. Don't want to jinx anything but we already have a second viewing lined up next week and the other two seemed keen. I instructed both sets of agents to explain why our price was so low (and a funny number, very specific because that's what we need to buy the onward purchase - our last buyer bargained us down to the last £500) - it helped that my DH was around too for two of them for any tricky questions (sometimes buyers don't like it but often I think it's nice to meet your seller - puts some humanity into the process).

Plus two viewings from different agents overlapped - nothing like knowing that there's some competition!!

Still extremely nervous but I'm feeling more positive. If for no other reason than that I'm not duty bound to sell my house to that total arsewipe of a buyer. Grrr - I know it shouldn't be an emotional transaction but it's unavoidable - my heart is in this house! I want to sell it to someone who really really wants it.

Sorry your going through this OP I hope your house sells soon and you get the house you want

gazundering is just disgusting it happened to my mum and dad years ago, my dad was made redundant and we had to sell our house before it was repossessed, the buyer somehow got wind of this and demenaded 25k off (12%) at exchange knowing they couldn’t back out or it would be repossessed- scumbags

If it helps at all OP, we sold our last house to an utter arsewipe and to this day it bugs me. The worst thing was that after he had endlessly mucked us about (pulled out twice) we let someone else view, the loveliest couple. They adored the house, really would have made the most of the setting - rural - were completely straight forward with us, put an offer in straight away BUT they hadn’t sold their house. We couldn’t afford to tell the arsewipe to do one while we waited for theirs to sell as we hadn’t had much interest, the market was slow etc. So we sold to the arsewipe. I still think about the lovely potential buyers and regret selling to the arsewipe to this day. Of course we got the house we wanted and are really happy here but STILL I wish we hadn’t had to sell to him. So you have dodged that bullet of regret and things sound very positive with the new viewings etc.

Good luck to you and well done for refusing to stand up to him. Agree with whoever said that gazunderers get away with it because people (understandably after the financial commitment they have made) give in. How do we get someone to listen about the need for a change to the system?!

Good luck.

I'm not sure what the technical term for my experience is but

Years ago I offered on a half built, one off house and the offer was accepted. We actually exchanged then a day before completion the seller upped his price by a few thousand as he had realised when the house was finished, he could have got more for it. On referring to the fact that we had already exchanged his response was "so sue me". I paid as it was still a good deal but oh I was so annoyed. Still don't know what my actual legal redress would have been or if he could have resold it whilst I was legally challenging him.

snewname - maybe its called breach of contract? What did your lawyer advise?

snew. That was completely illegal and you shouldn’t have paid. Once contracts are exchanged, that’s it.