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Original poster

I am absolutely fuming just so angry

20 replies

DizzyLollipop82 · 25/08/2021 10:13

Hi guys, this is more of a rant than advice but anything you have to share will help!

I am absolutely at the end of my tether, I'm so angry and stressed to the eyeballs.

We sold our house in march to a cash buyer we have been going through the motions and we found something we liked, couldn't get the mortgage so we found something cheaper, mortgage accepted. Cash buyer does survey on ours knocks off 3k from the survey results, fine whatever. Banks have changed their lending criteria so we don't have a penny to spare as all our money has gone into the deposit. Cash buyer decides now she wants to change her offer to even lower. Why? You can't just bloody do that. We can't go a penny under and she wants to pull out. It's been 6 months and I'm just so angry. I'm due back to work after mat leave and needed this bigger place cos I am going back part time. Now if she pulls out we can borrow less cos I'm going back part time. Absolutely fuming and this stupid cow of a buyer just thinks she can swan around doing what she likes.

OP posts:

Letthelightoflove · 25/08/2021 10:14

I understand you’re angry but until a contract is signed the deal is not done.
I’m sorry you’re in this position.

Wilmaa · 25/08/2021 10:16

Very stressful op I understand your frustrations.

Why is she wanting to offer lower?

FiveShelties · 25/08/2021 10:19

Could you get more for the house if you put it back on the market? The market seems to have been rising over the last 6 months, you could call their bluff and say you will re-market it.

So frustrating and such a stupid system - I have no idea why it takes so long in UK to buy/sell a house.

Disfordarkchocolate · 25/08/2021 10:20

Are you sure she is actually a cash buyer and didn't just say this and then move to getting a mortgage?

If the offer isn't enough all you can do is say no. If they pull out then you re-list. It happens to lots of people I'm afraid.

Thirder · 25/08/2021 10:21

Just say no. She got a discount by asking the first time so is giving it another go. Yes cheeky so say no way! If you give it, she will probably try for a third!
Similar happened to my relatives selling their parents house after a death. And my relativrs gave two discounts with months between each one as the process was so painful they just wanted it over. Their solicitor and estate agent also recommended they give it as their vested interest was to see the sale though. But those buyers, in my view, were terrible humans taking advantage of elderly people who didn't have the supportive backing to refuse.

MapleMay11 · 25/08/2021 10:27

The buyer can do exactly what she likes if no contracts have been signed. Let her pull out and put the house back on the market at the original price. There are lots of cash buyers around at the moment.

PegasusReturns · 25/08/2021 10:28

Just say no.

If you can’t afford it you can’t afford it.

mamas12 · 25/08/2021 10:28

If you’re up to doing this I would reply no and give them 24 hours to accept the previous offer or you will put the house back on the market at a higher price and tell them the higher price too as the market has risen considerably so show them that if they don’t buy yours then they will have to find somewhere more expensive

Motnight · 25/08/2021 10:33

Threaten to pull out and mean it.

Similar happened with us years ago and I did this. It worked but we were willing to walk away.

PersonaNonGarter · 25/08/2021 10:35

It’s annoying but presumably you did know this could happen?

CarlaH · 25/08/2021 10:36

Cash buyers are a nightmare. Any friends of mine who took cash offers always had problems and, on one occasion, they blew out a perfectly decent buyer for a cash one and then the whole thing collapsed.

Peacrock · 25/08/2021 10:36

The house buying process is bloody ridiculous. I would also be very tempted to very seriously say you are pulling out if this carries on. Plenty of buyers around at the moment.

Perching · 25/08/2021 10:37

Just say no and mean it.

GiveMeAUserName123 · 25/08/2021 10:40

Say no,

Lots of cash buyers around so you will sell it again in no time.

fluffythedragonslayer · 25/08/2021 10:47

Our buyers tried to reduce their offer by 30k when we were due to exchange. 30k. We said no obviously, and I was convinced we'd lose the buyers but they were happy to proceed at the original offer. Greedy chancers.
Just say no. But be prepared that they may pull out.

Incidentally I'm still in touch with my old neighbours and they said the people who bought our house are horrible...

Roselilly36 · 25/08/2021 11:33

So frustrating and stressful. My advice would be to hold fast, do not budge as you simply cannot do so, tell your EA to be ready to re-list, you want to know by 5pm today if buyer is going ahead or you will pull out and re market. You may well find the buyer is just trying it on, make sure EA knows you won’t put up with another messing around. Our buyers tried this, DH told the agent in no uncertain terms, they paid the agreed price. Good luck OP.

Viviennemary · 25/08/2021 12:10

I agree. Cash buyers are often cfs who think they can call all the shots. Tell her enough is enough.

Dbank · 25/08/2021 14:25

Call her bluff, once people start dicking around they won't stop.

ShingleBeach · 25/08/2021 17:01

I would be asking your EA how fast you could get another buyer, and at what price.

FurierTransform · 25/08/2021 17:05

Unfortunately not much you can do OP, but this is exactly why I'd prefer to sell to someone who isn't a cash buyer/BTL landlord etc - they are as emotionally invested in the process as you are then.

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