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Original poster

Guzundered :(

28 replies

Franklbaum · 16/04/2020 19:12

Buyer is being an awful bully and has guzundered and wants us to include appliances etc too. I want to walk away but I also really want to buy the house we are supposed to be.

OP posts:
jelly79 · 16/04/2020 19:14

Oh this is so sad!! And really annoying!! How far along are you?? How much under are they wanting?
I'd stand your ground...

LilacTree1 · 16/04/2020 19:15

How bad is the gazunder?

I’m so sorry this is happening.

Techway · 16/04/2020 19:16

Tbf the economic news is looking serious so many people pulling out of sales. Rubbish timing but do you have the opportunity to negotiate on your forward purchase?

Hiddentree122 · 16/04/2020 19:21

Hardly unsurprising, if it’s less than 20% take it and do the same up the chain.

Original poster
Franklbaum · 16/04/2020 19:25

He has already sold and completed. He is in a very lucky position and is taking advantage of it I guess.
We've tried to meet him halfway. We can take a small loss but I am just so sad that someone could be this mean. I sometimes think I'd rather he just change his mind than bully us. Our onward house will be our forever house so didn't want to walk away as we can't exactly sell again anytime soon

OP posts:
shwirurbsha · 16/04/2020 19:30

Leave a fish stuffed behind a radiator 😂

Elsiebear90 · 16/04/2020 19:34

How much is he trying to knock off?

june2007 · 16/04/2020 19:34

You mean gezumbed, gezunder a po/potty/ chamber pot.

Blankscreen · 16/04/2020 19:37

You can only ask on your related purchase. Also it has been known for agents to take hit on their commission if it saves a chain from falling apart.

ormami · 16/04/2020 20:01

OP post the percentage? With things that are happening I think you have to take a reduction to reflect the market

2bazookas · 16/04/2020 20:16

if he's already sold and completed he must have moved out; if he's renting or has furniture in storage surely he'sunder some pressure to purchase your place and move in.

It's a very bad time for him to start househunting all over again, so I think he's just trying it on and will cave if you stand up to him.

Hand the matter to your solicitor and ask their advice.

teaandajammydodger · 16/04/2020 20:44

I think our buyer will do the same. Already tried once then coronavirus came along.

CameraObfuscated · 16/04/2020 22:20

Normally I'm the first to condemn gazunderers but the world genuinely has changed since the price was agreed. Normal rules are out of the window. You can't get a new buyer at the moment, so him just walking away would be worse. Accepting the reduction and trying to pass it up the chain sounds like a sensible plan, but if you'd honestly rather he'd just walked away then just say no.

PragmaticWench · 16/04/2020 22:38

@june2007 the OP means gazundered.

surveyorsnearme.com/gazump-gazunder-gazang/

SeriouslyRetro · 16/04/2020 22:40

How much less?

How desperate are you to sell?

catfeets · 16/04/2020 23:28

Our buyer ended up pulling out when we said no to them. They wanted pretty much EVERYTHING included. Walked around the house pointing out things they wanted, even stuff that cost a couple of quid, including the pot the kitchen sponge is kept in Confused. They pulled out once and when they came back we said they couldn't have some of the (cheap) items and they couldn't have one of the sheds they asked to keep. They pulled out again. So glad they did as they'd be a nightmare to deal with in a situation like lockdown. We've found someone else to buy so fingers crossed it all goes through.

Awful buyers tend to pull out over the smallest of things as they're not really that serious about the property in the first place. It's a shame you can't tell your buyer to take a hike.

Dalrympy · 16/04/2020 23:36

It's really not "mean". The whole economic situation has changed and the market is totally unstable.

I think if you want to move right now you will have to accept it.

Loofah01 · 17/04/2020 09:25

If it's just the appliance then what's the issue? Or is it that the buyer has reduced the offer AND wants the appliances? Only you can decide of you can take the financial hit but it is doubtful with all the doom and gloom press that the housing market will be very active in the near future.

Rivergreen · 17/04/2020 09:27

I don't think you do have to accept actually. There's a lot of talk about "the market having changed", but this hasn't been evidenced by house prices yet as nothing is coming on the market. The effect of nothing coming on the market during Brexit was that house prices were mostly maintained. I wouldn't be so keen to drop the value yet. I think there's a lot of opportunists trying to push the market to suit them.

OP do you know his situation? If he is renting / living with family he has a push to get out too. Equally, your vendors would struggle to sell to anyone else right now, so it makes sense to give you time to find a new buyer when this is over.

Can you ask your estate agent what their process is for finding a new buyer right now? This question will probably get back to the buyer and perhaps spook them. Or indeed if the estate agents are happy to set up a waiting list to view your house (they already have photos) then do that. You are more in control than you think!

All this assumes that you sold relatively easily the first time obviously! Not that it's been sitting there for a year!

GETTINGLIKEMYMOTHER · 17/04/2020 09:29

If he’s sold and completed, he’s going to have to live somewhere in the meantime - renting? And starting again from scratch with another house is going to take many weeks.

You need very strong nerves, and have to be prepared to lose (so if you can’t face that, best not) but in your place I think I might well call his bluff. I once did that when my buyer tried to gazunder just before exchange of contracts. I was just so pissed off with her - particularly since I’d turned down a higher offer after accepting hers, because I’d given my word.

TBH I was almost more pissed off with the estate agent, since he was urging me to give in!

She did back down. I was prepared to take that risk, though.

Kamma89 · 17/04/2020 09:35

OP. Awful situation for you. The reality though is that the world has changed dramatically. If I was in your buyers shoes I wouldn't be asking for a reduction, I'd be pulling put completely.

If he's sold & renting/staying with family the pressure is off for him. Lots more rentals coming onto the market now, at reduced rates due to collapse of Air bnb & similar.

Try to pass his reduction up the chain but I don't think buyer is unreasonable here.

Didiusfalco · 17/04/2020 09:38

I don’t think this is mean of him necessarily. No one expects the market to grow at the moment and the economic predictions in general are pretty dire. Try not to get emotional about it (this is definitely something I struggle with!) and use it as a starting point for a negotiation.

Namechange1684 · 17/04/2020 10:34

I would normally think this is unreasonable, but in these circumstances it's not. I am a FTB with offer accepted and have been searching lots of forums to gauge what people are doing. There seem to be a lot of buyers who have or plan to reduce offers or pull out entirely.

Try to pass it up the chain if you can. If not, consider how badly you want to sell and how willing you are to wait until there is more certainty. The current economic situation has completely changed since the offer was accepted. It's not unreasonable at all for people to respond to this.

june2007 · 17/04/2020 10:53

ok I stand corrected never heard the term used this way.

mumsy27 · 18/04/2020 04:01

ask the buyer to get surveyor at their expense to value the property Now, just before you exchange.
selling/buying property is based the actual value, not gossiping or wishful thinking from some FTB.
prices aren't dropping because there is hardly any property for sale,once the market will open it will create a rush.