We've just sold our house and didn't get the house we sold for

[Fooksticks]

We put our house on the market last week, it's sold and the house we've sold for has rejected our offer 🤦

I'm in Australia so once contracts are signed, it's a done deal. We've got 90 days until we have to move out.

Thought I'd be ok about it as it wasn't 'perfect' just pretty good but I feel quite..deflated. We could chuck more money at it, but I know it's not the right thing to do.

@Codlingmoths Tbh I don't expect the vendor to do the works, so we priced out offer according to what needed to be done.

However they came back with a huge increase to do the work that should have been done already on a house they're trying to flog for close to a million.

@HoppingPavlova we had one off-market open day and sold so I can't complain about that. But the thought of doing it every weekend until it did sell with young kids put me off selling it sooner.

I'm seeing the house-that-we-lost as the motivation we needed to sell our current house and hoping we find something else soon.

The house you lost may become available at the price you offered now they have lost their buyer.
Don’t increase your offer. Other houses will come along you like just as much or more.

The Australian market sounds interesting.

Did you sell yours specifically for this house, OP, or do you want to move anyway?

@CantFindTheBeat We have to move as our house is too small. I WFH and share my office with dd2.

We did sell specifically for this house, but it was never perfect or a forever house. It was just the next one. That now isn't the next one.

@Twiglets1 The house appeals to a specific market that's actually not us! If they have patience they'll sell, but they are on a bridging loan so they don't have too much time. Definitely not increasing our offer and have requested our deposit funds returned.

That’s silly of them! How did they lose their buyer? That doesn’t happen very often here.
one of the reasons we didn’t buy in the uk was because I could not imagine selling with that whole chain mess.

Their buyer lost their buyer. At this price range everyone is conditional on sale of their property.

Apart from us 👀

Oh ok, I’m in Melbourne so it’s mostly auctions- you put your hand up and buy on the day, hand over 10% and you’re locked in. Backing out is very unusual.

If they came back now and said they'd fix it, would you take it?

@gumball37 They said they'd look into fixing it, so our offer was not fully rejected, apparently.

But I did some investigating today. Spoke to our conveyancer, the council and my dad who's a builder and there's no way they can fix it.

Basically they built an amazing big verandah with great features, without getting it signed off by the council. The problem for them trying to do it now is he built it (he's a carpenter) and he'll get fined, and could be disallowed from registering as a builder in the future.

Probably the stupidest thing they could do. And it's all there in the section 32 so now anyone could notify the council anyway.