Sale price agreed not sure I want to proceed

[Rightnow1245]

So we have made an offer which has been accepted 50k under the asking price which we were amazed at! We are now having second thoughts due to a couple of reason and we probably won’t carry on with the sale. I feel really bad for the owners as they have waited almost a year to sell and was that desperate they were willing to take a massive hit on the house.

What reason can I give that we don’t want to carry on with the sale or do I not need to?

Thanks

So lottery win, well congratulations, but that hardly means anything really.

If anyone asks, just look confused and deny it/laugh it off. It's not exactly likely anyway so its easier to believe it was made up joke than actual reality.

Congratulations on your win, if you have a million or so spare ... (smiles winningly).

I live about that distance from a railway line/station and hardly ever hear a thing.

If it is a close community they will speculate about how you could afford the house, especially if your employment doesn't 'match up' to the price of the house. Better to have people know you are a lottery winner that suspect you are a drugs or arms dealer.

Surely in line with Data Protection / GDPR they shouldn't have shared this information with the seller?

That was just what I thought, @ShotsFired.

In your shoes OP I would ask people you are dealing with to sign a confidentiality agreement - if you've had a sizeable win, i.e. more than to just be cash buyers of a house and you don't want publicity, begging letters, etc. I would expect Camelot's advisers could help you or you can engage a solicitor.

The issue kat is that the person they told probably hasn't realised it could even be an issue - I'd speak to the branch manager when you withdraw your offer and tell them that their staff member's breach of your confidentiality was a factor although the proximity to the Trainline was the primary reason for pulling out.

Get off mumsnet and get on with it.

The trainline wouldn’t bother me.

The personal info would be a deal breaker. I would not want my neigbours to know my business, you would be the the subject of gossip for years. I would pull out and tell both the vendor and the ea why. I would complain about it too. Confidential information is confidential.

I know it sounds crazy but I didn’t want to get the EA in trouble, I do have a heart!

The train line was an issue but the deal breaker, the information that was passed on without our concent was. I don’t want to get the EA the sacked becsue a mistake.. we did point out to him that he shouldn’t of said anything and he was in argeement that he messed up.

In further we won’t say it, I have also learnt a lesson in the process.

Doesn't matter if they EA says they've "learnt their lesson" they betrayed your trust.

You don't want the house

The EA has fucked up.

Call the company, not the agent in question and inform the manager, not the agent that you are pulling out. Tell the manager that the estate agent divulged confidential information about your financial situation to the vendors and you are now no longer comfortable or happy to proceed.

Leave it at that.

It's not about you not having a heart, it's about a professional divulging personal information.

It's not about trust it's about procedure, policy and professionalism.

You might be forgiving but what if the next person having their personal details shared about isn't?

I'm going to apologise for what I said earlier about you looking a fool because given the context about the lottery win and the vendors living a few doors away that would be a big issue for me too.

Train line you should have checked before offering but you have accepted that was your mistake.

Apologies for jumping to judgment before hearing all facts OP

I doubt he will get sacked but I would tell his manager - he won't learn from this if you just say it's down to the train line.

Do they know how much you won. Just say you have spent it all buying the house... no spare cash.
People don't knock on old people's doors who bought a house for a fiver and is now worth a million and ask for money so don't see why you think they would to yoy

No worries Thegirlinthefireplace I didn’t take it to heart!

Yeah true I should probably speak to the manager to have a work, I don’t want it t happened to someone else.

No Alex they don’t! I probably would of done that if someone had ask but it’s sort of put a downer on the house now just doesn’t seem right to buy something if you have doubt.. i’m going to call later on today.

*word

Your first couple of posts made me think you were a bit odd OP, but actually in your circumstances I’d be uncomfortable too.

Pull out, be as honest as you like and find your dream house. Might be worth telling any future EA the real reasons for you pulling out of this one though!

Who did the agent tell? If they only told the vendor this is fine. Their solicitor would have told them anyway, because their solicitor will do the check to ensure it's not laundered money. Not the agent.

If the house is not totally unique I would pull out too if the neighbours knew I'd won the lottery.

I'd also have no qualms about telling the agent why. They definitely need to learn to be more discreet.

Ooh lottery win!l and vendors staying in the same road.

Yup ok that’s actually totally reasonable not to want to proceed.

If you're planning on moving to the same area bear in mind your neighbours will know regardless of whether you go ahead with this purchase.