Active discussions

Meet the Other Phone. Only the apps you allow.

Meet the Other Phone.
Only the apps you allow.

Buy now

Please or to access all these features

Talk
Property/DIY

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

Original poster

Gazundered day before exchange

823 replies

BenjiCat · 26/08/2021 20:48

We were all on track to be exchanging this week with completion on for the end of next week. We were waiting on our buyer's searches etc for some time and they finally came through earlier this week.

Call this morning from the estate agent. Buyer has dropped their offer by £15k due to 'immediate issues flagged in the survey' with no details about what these are, no copy of the report and no estimations on how that figure has been calculated. We've said we'd need to see the report to understand the basis for their drop (and to potentially renegotiate... No promises). But they've been reluctant to do this and says they'd be happy to proceed with exchange tomorrow still should we agree to the £15k Hmm

Fuming does not cover feelings right now Angry!!

OP posts:
ShingleBeach · 28/08/2021 11:02

contact every charity you can think of and tick the “information by post box

Why would you even put this in someone’s mind as a thing to do or as a ‘prank’? To deliberately cause a charity to waste money given by other donors?

FFS.

Blossomtoes · 28/08/2021 11:13

@ShingleBeach

contact every charity you can think of and tick the “information by post box

Why would you even put this in someone’s mind as a thing to do or as a ‘prank’? To deliberately cause a charity to waste money given by other donors?

FFS.

OK, every purveyor of junk mail you can find, excluding charities. Better now? Ffs.
lobsterkiller · 28/08/2021 11:17

People like this are arseholes. I hope it all works out for you.

At the time i bought mine in November 2021, i was worried that my offer was too high. However, the bank was happy, the homebuyers report said the house was fine. It never, ever crossed my mind to pull a stunt like this on the vendor.

If it goes through, no deep clean, champagne or anything for the sumbags. Brew

ShingleBeach · 28/08/2021 11:22

@Blossomtoes yes, that is a bit better but why waste anyone else’s resources, paper etc, in pursuit of your own petty vengeance?

Roselilly36 · 28/08/2021 11:22

@Mybalconyiscracking I wouldn’t like to upset you! 😂. I couldn’t even think of those ideas, let alone do them!

daisychain01 · 28/08/2021 11:28

OP the way the property market is in UK you could end up finding a new buyer who pays you 5K more and recoup your 3.5K spent. That's how mad it is.

Good luck and have a very nice chilled long weekend. Remember you're in a great position to be property owners even if this phase is stressful! It will all work out fine.

ImitationofBeing · 28/08/2021 11:31

Fingers crossed for you.

The CF's... £15k.... 🙄. If they don't buy yours they will find it it tricky/more expensive to buy a home. It is not a buyers market at the moment.

flashbac · 28/08/2021 11:46

Look, can we stop with all the petty suggestions like inviting junk mail or wasting food? We do not need to stoop to cheeky fucker level.

OP I agree with what a poster said above. It's still a seller's market. You may need to abandon hope of moving before baby comes though.
If that's a deal breaker then that's your decision but don't give in if it's going to bug you later.

Staryflight445 · 28/08/2021 11:49

Hopefully they don’t pull out of this the day of again, such a waste of everyone’s time.

youlookingatme · 28/08/2021 11:53

This happened to me and my ex when selling his parents property after their deaths. We dropped the price twice because of issues that came up, then on the day before completion they wanted another price drop. We told them sorry but if they dont complete at the date and time agreed then the price will go back to the original asking price before the two reductions when it goes back on the market. They paid up.

Blossomtoes · 28/08/2021 11:54

[quote ShingleBeach]@Blossomtoes yes, that is a bit better but why waste anyone else’s resources, paper etc, in pursuit of your own petty vengeance?[/quote]
If this situation has never happened to you, you don’t understand how unutterably infuriating it is. I wasn’t pregnant when it happened to me but it was bad enough. I wanted to rip the little bastard a new one. It was very fortunate for him that we never saw each other again after the attempted gazunder episode.

It’s one of the worst things you can possibly do in a property context because it’s so obviously a power play when it happens, as it inevitably does, the day before exchange. It’s human nature to want to punish someone who behaves like this.

Birdcloud · 28/08/2021 12:42

Do tell us the outcome- and good luck, don’t give in!

flashbac · 28/08/2021 12:48

@Blossomtoes

Just leave them an angry note then.

Karma gets them in the end. What goes around comes around.

daisypond · 28/08/2021 13:11

[quote flashbac]@Blossomtoes

Just leave them an angry note then.

Karma gets them in the end. What goes around comes around.[/quote]
Not necessarily. This happened to my neighbour. Unbeknownst to him, his buyers had two properties they had offered on, and were accepted, and had all the legal work done on both. They pulled this stunt in the sure knowledge that they had another property on the go. My neighbour refused to sell at the reduced price. The buyer went with the other property.

Blossomtoes · 28/08/2021 13:21

Karma doesn’t get them in the end. They just go on their merry way behaving like arseholes. Angry notes are like water off a duck’s back with people like this. I doubt they’d even read one.

Jconnais1chansonquivavsenerver · 28/08/2021 14:13

@Blossomtoes

Karma doesn’t get them in the end. They just go on their merry way behaving like arseholes. Angry notes are like water off a duck’s back with people like this. I doubt they’d even read one.
Completely agree that Karma doesn't get them in the end. I am on my fifth batch of selfish housing-related bastards in 30 years at the moment. They make me ill and miserable and cost me thousands and then go on their merry way happy to have got what they wanted and not facing any consequences because what they have done is not actually illegal (though immoral, to my mind) and anyway, they have no conscience.
Thelittleweasel · 28/08/2021 15:09

@BenjiCat

In future stand against this silly business of "offer" and sell at "fixed price" that you have determined. make it clear that the estate agent makes that clear to purchasers and that no reduction will be considered. It does do away with chancers but you must be firm!

The Scottish system is - in some ways - better. Fixed price is one option and "offers above" a price by a set date is another. I seem to recall that an offer to buy at fixed price or at the highest offer is binding but it's a long while since I ahd anything to do with the legals and Scotland was only in passing

nonotmenotI · 28/08/2021 15:10

I hope your EA found you another buyer op and everything is going ahead.

daisychain01 · 28/08/2021 15:20

Not necessarily. This happened to my neighbour. Unbeknownst to him, his buyers had two properties they had offered on, and were accepted, and had all the legal work done on both. They pulled this stunt in the sure knowledge that they had another property on the go. My neighbour refused to sell at the reduced price. The buyer went with the other property.

Sounds like a right cock-and-bull story from your neighbour.

Whyever would anyone pay doubt the expenses and line up two properties including mortgage offers, insurances, conveyancing, searched just on the off chance of pulling a stunt that they had zero guarantee of it coming off in their favour.

Chinny reckon on that.

amispeakingenglish · 28/08/2021 15:35

I'D DO THIS WITHOUT A DOUBT
If thats the case do you really think they would be willing to lose it at this stage or are they just cheeky fuckers? This happened to a colleague of mine and when she said no buyers said ok we will pay it, she then told them to she would no longer sell it to them under any circumstances now they had pulled that dirty trick. She is very stubborn but fair play to her.

BatshitCrazyWoman · 28/08/2021 15:45

@HeronLanyon

buffoon good plan BUT surveys can identify things neither side had any idea about and which are unexpected and significant. Thing there is for buyers to be upfront, give evidence, get quotes - ie justify any proposed reduction. My buyers also understood I might want to get my own specialist quote (they sent me three specialist reports and quotes). So good to be very clear and at the same time realistic, quietly.
I agree. When I was viewing my current house, the then-owner told me her father had been an electrician, and had done all the electrical work. I asked for certificates, but they didn't have them. I had an electrician check, and there was some unsafe work. I wasn't asking for money off the purchase price, but the vendor got a bit sniffy about it. I had everything rectified, at the cost of around £1000. She obviously had no idea, and trusted dear old dad!
amispeakingenglish · 28/08/2021 15:46

Scotland..... family member sold house in Edinburgh Christmas before Lockdown. On the final day, the money in with solicitors the buyer pulled out. This has cost them £1000s as lockdown then. They had moved out 100 of miles away, renting, had mortgage and rent to pay. The house eventually sold in June this year, for original price meanwhile price in London (where living & working now) had gone up a lot. Have bought, but the sellers chosen house is in probate . Sale was agreed just after stamp duty discount ended and still waiting, still paying £1500 a month in rent. So when I say it cost them £1,000s I meant it. There should be laws about this to stop pulling it out or to bring in consequences to stop the seller losing o much the buyer who pulled out lost nothing. Pulled out after an argument with his wife whose name the house was going into. There has not been another suitable house here for them to buy. All flats

amispeakingenglish · 28/08/2021 15:48

@BenjiCat

So don't think it is binding as nothing happened in my family members case, to the buyer....... see my post headed Scotland....

daisypond · 28/08/2021 15:51

@daisychain01

Not necessarily. This happened to my neighbour. Unbeknownst to him, his buyers had two properties they had offered on, and were accepted, and had all the legal work done on both. They pulled this stunt in the sure knowledge that they had another property on the go. My neighbour refused to sell at the reduced price. The buyer went with the other property.

Sounds like a right cock-and-bull story from your neighbour.

Whyever would anyone pay doubt the expenses and line up two properties including mortgage offers, insurances, conveyancing, searched just on the off chance of pulling a stunt that they had zero guarantee of it coming off in their favour.

Chinny reckon on that.

It’s absolutely true. I’m in an area with very expensive housing, so paying double for searches, etc, is a tiny drop in the ocean in the scheme of things. The buyer was a lawyer too.
sadperson16 · 28/08/2021 16:30

Surely if you behave in a spiteful, nasty manner you are every bit as bad as the people who did the initial wrong?

Swipe left for the next trending thread