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  • FIRST POST
    • lovehols
    • By lovehols 13th Mar 17, 1:15 PM
    • 46Posts
    • 15Thanks
    lovehols
    Sale Fallen Through :-(
    • #1
    • 13th Mar 17, 1:15 PM
    Sale Fallen Through :-( 13th Mar 17 at 1:15 PM
    I just want to rant to anyone that will listen.

    Woman decided that downsizing isn't for her.... Wish she had said that before we had made an offer on a property we liked, paid for the survey to be done and got all the contracts drawn up after pressuring us all for a completion date!

    Grrrrr. Is it completely normal to feel like staying put now and sack of this whole house buying and selling malarkay now.
Page 1
    • Guest101
    • By Guest101 13th Mar 17, 1:24 PM
    • 15,143 Posts
    • 14,757 Thanks
    Guest101
    • #2
    • 13th Mar 17, 1:24 PM
    • #2
    • 13th Mar 17, 1:24 PM
    Its frustrating but you will find another buyer if that's what you want
    • ReadingTim
    • By ReadingTim 13th Mar 17, 2:17 PM
    • 2,013 Posts
    • 2,926 Thanks
    ReadingTim
    • #3
    • 13th Mar 17, 2:17 PM
    • #3
    • 13th Mar 17, 2:17 PM
    Appreciate you're having a rant, but you do realise that you're ranting about someone changing their mind and not moving by proposing to do exactly the same thing...?!?

    Just find another buyer who's actually committed to moving and you'll be fine.
    • sparky130a
    • By sparky130a 13th Mar 17, 2:21 PM
    • 638 Posts
    • 775 Thanks
    sparky130a
    • #4
    • 13th Mar 17, 2:21 PM
    • #4
    • 13th Mar 17, 2:21 PM
    If it ain't broke. Don't fix it.
    • PasturesNew
    • By PasturesNew 13th Mar 17, 3:35 PM
    • 59,976 Posts
    • 350,601 Thanks
    PasturesNew
    • #5
    • 13th Mar 17, 3:35 PM
    • #5
    • 13th Mar 17, 3:35 PM
    Lots of sales fall through. Downsizers tend to feel they're not getting what they want and they're paying too much, because they're used to "more" and expect 3/4 of their money to buy them 3/4 of what they've already got - when it in fact usually buys them 1/4 of what they've got.
    • loveka
    • By loveka 13th Mar 17, 4:48 PM
    • 350 Posts
    • 337 Thanks
    loveka
    • #6
    • 13th Mar 17, 4:48 PM
    • #6
    • 13th Mar 17, 4:48 PM
    Just wanted to sympathise with you.

    Our buyer pulled out on the day of exchange! Whilst I accept she had the right to change her mind I wish she had done so sooner. We didn't lose rtf he house we had offered on, but the owners of that house lost their dream house! (They may now have got it back though)

    It's awful when it happens. Our house had been off the market for nearly 3 months. We had chosen the buyer because she was in a better position than someone who had offered over the asking price. The irony!

    It does make you bitter, and sadly you start to feel a bit 'dog eat dog' about the whole thing.
    • KILL BILL
    • By KILL BILL 13th Mar 17, 6:02 PM
    • 2,083 Posts
    • 1,281 Thanks
    KILL BILL
    • #7
    • 13th Mar 17, 6:02 PM
    • #7
    • 13th Mar 17, 6:02 PM
    tell her she should make a contribution to the survey fees
    • Mattib0110
    • By Mattib0110 13th Mar 17, 6:27 PM
    • 34 Posts
    • 7 Thanks
    Mattib0110
    • #8
    • 13th Mar 17, 6:27 PM
    • #8
    • 13th Mar 17, 6:27 PM
    It's not nice, property I am buying was meant to be end of chain so only 2 house chain and they were moving in with family
    All going along nicely then they decide to buy instead adding another 4 to the chain and adding what is estimated to be at least an additional 8 weeks to sort

    Feel very close to pulling out as I needed to move by a certain date for kids schools
    • Chanes
    • By Chanes 13th Mar 17, 6:32 PM
    • 841 Posts
    • 523 Thanks
    Chanes
    • #9
    • 13th Mar 17, 6:32 PM
    • #9
    • 13th Mar 17, 6:32 PM
    I would think, in the same position, I would pay toward your costs fairly just to acknowledge the upset this has caused by withdrawing. I know people have done that too. There is no legal reason, but it would make it easier to think about what had been done to the other person.

    Someone else will come along.
    • The_Logans
    • By The_Logans 13th Mar 17, 7:08 PM
    • 238 Posts
    • 180 Thanks
    The_Logans
    Appreciate you're having a rant, but you do realise that you're ranting about someone changing their mind and not moving by proposing to do exactly the same thing...?!?

    .
    Originally posted by ReadingTim

    Not quite the same though is it? The buyer pulled out just because she changed her mind. OP didn't change their mind, they've been let down by their buyer.


    OP - we had an offer on our house, 24 hours later buyer found out he was being made redundant. I know how disappointing it is. I'm just glad it happened 24 hours into the process and not 24 hours before completion!
    • Davesnave
    • By Davesnave 13th Mar 17, 7:52 PM
    • 23,150 Posts
    • 88,530 Thanks
    Davesnave
    Approximately 1/3 of sales fall through for one reason or another, so you have plenty of company.

    During the 2008 recession we had 3 sets of buyers pull out and sold to the 4th @ 16% below the original sale figure.

    Unfortunate things happen. Either you move on, or you dwell on these things and end up wondering too much about what might have been.

    It's pointless. No one really has a clue about that. A couple bought a lovely house near me. A few months later, their daughter died in a road accident on the way to school. Now, had they been gazumped.....
    'A society grows great when old men plant trees whose shade they'll never sit in.'
    • 3mph
    • By 3mph 13th Mar 17, 8:25 PM
    • 173 Posts
    • 198 Thanks
    3mph
    So far we have had 2 sellers pull out and the present flat we are trying to buy the sellers are being total P.... I won't even trust them after exchange only when we complete if we ever do. Whereas our sale went like a dream.
    • 6am
    • By 6am 13th Mar 17, 8:27 PM
    • 156 Posts
    • 53 Thanks
    6am
    As a buyer I am tired of waiting for exchange to happen and now actively looking for a different property to buy. Back in January we were receiving a lot of pressure from vendors to prepare for exchange as quickly as possible. We closed ISA accounts, transferred 100K to solicitors and then ... nothing. If we find a property that we will like more than I will pull out of the current deal and do not give a !!!! about what our vendor thinks. It is a non cooperative game. People just take advantage of you.
    • glasgowdan
    • By glasgowdan 13th Mar 17, 9:26 PM
    • 2,424 Posts
    • 2,723 Thanks
    glasgowdan
    We pulled out of a purchase quite far down the line. There had been a silent gnawing feeling in our guts that we'd tried to overcome, but eventually it won and our heads suddenyl exploded with "WE CAN'T MOVE THERE"!

    The seller tried to get us to pay for new furniture for them, as they'd apparently been clearing out the house for moving and sold some furniture. We suggested we didn't pay them anything for this!

    Besides, we had, by this point, been through a long and arduous journey of trying to find a home, trying to secure a rental despite the fact we didn't have any references etc. We had a kid on the way plus the toddler. And, ultimately, we just needed to look after us first and foremost. Yes, we felt bad for the sellers, but we weren't going to be sucked in to paying for the furniture they decided to scrap!
    • ReadingTim
    • By ReadingTim 14th Mar 17, 12:28 PM
    • 2,013 Posts
    • 2,926 Thanks
    ReadingTim
    Not quite the same though is it? The buyer pulled out just because she changed her mind. OP didn't change their mind, they've been let down by their buyer.
    Originally posted by The_Logans
    Guess you missed the bit where the OP says:
    feel like staying put now and sack of this whole house buying and selling malarkay now.
    Originally posted by lovehols
    • The_Logans
    • By The_Logans 14th Mar 17, 12:33 PM
    • 238 Posts
    • 180 Thanks
    The_Logans
    Guess you missed the bit where the OP says:
    Originally posted by ReadingTim



    No I didn't miss it. Assuming the OP now has to pull out of their purchase too, it is due to their buyer pulling out, not because OP changed their mind.


    If the OP then decides to take their house off the market and not try again then fair enough. They're not letting anyone else down by doing so.
    • ReadingTim
    • By ReadingTim 14th Mar 17, 1:10 PM
    • 2,013 Posts
    • 2,926 Thanks
    ReadingTim
    No I didn't miss it. Assuming the OP now has to pull out of their purchase too, it is due to their buyer pulling out, not because OP changed their mind.


    If the OP then decides to take their house off the market and not try again then fair enough. They're not letting anyone else down by doing so.
    Originally posted by The_Logans
    Except for the people whose property
    we had made an offer on a property we liked, paid for the survey to be done and got all the contracts drawn up after pressuring us all for a completion date!
    Originally posted by lovehols
    • sparky130a
    • By sparky130a 14th Mar 17, 1:20 PM
    • 638 Posts
    • 775 Thanks
    sparky130a
    Approximately 1/3 of sales fall through for one reason or another, so you have plenty of company.

    During the 2008 recession we had 3 sets of buyers pull out and sold to the 4th @ 16% below the original sale figure.

    Unfortunate things happen. Either you move on, or you dwell on these things and end up wondering too much about what might have been.

    It's pointless. No one really has a clue about that. A couple bought a lovely house near me. A few months later, their daughter died in a road accident on the way to school. Now, had they been gazumped.....
    Originally posted by Davesnave
    Which just goes to prove..

    Life is too short and cheap.
    • The_Logans
    • By The_Logans 15th Mar 17, 9:15 PM
    • 238 Posts
    • 180 Thanks
    The_Logans
    Except for the people whose property
    Originally posted by ReadingTim


    That's not OP's fault though! If they've lost their buyer it's not a case of changing their mind.
    • Davesnave
    • By Davesnave 16th Mar 17, 1:37 AM
    • 23,150 Posts
    • 88,530 Thanks
    Davesnave
    Which just goes to prove..

    Life is too short and cheap.
    Originally posted by sparky130a
    I hope not cheap.

    I was just suggesting that whatever house one buys sends life in a slightly different direction, so obtaining that perfect house might not lead to the great outcome people tend to imagine.
    'A society grows great when old men plant trees whose shade they'll never sit in.'
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