So I know we hear a lot about buyers who change their mind and pull out at the last minute but in my personal experience it's ALWAYS been the seller. I've owned (including my current) 3 properties over the years. I have never had a buyer change their mind (have only sold 2 places so far admittedly) but have recently had the seller of the place we're buying change their mind about selling, right when the whole chain was ready to exchange contracts - literally everyone has returned their signed contracts in he chain except these guys who have decided to pull out.
This is the 3rd time in my life that the SELLER has decided not to sell their place at the 11th hour. One time we'd already given notice on our flat and we're forced to stay with family for 5 months and this time that's happening to our buyers. It's such a shitty thing to do and I really don't get it. Buyers pulling out I suppose I can sort of understand, maybe they've had a panic about the costs, or lost their job or something, but people who just decide not to sell? Seriously what's the point? And how do they sleep at night?
Sorry. Just had to get that off my chest. I'm absolutely gutted. And it's coat everyone SO MUCH MONEY.