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Builder cancelled reservation

2

Comments

  • jaype
    jaype Posts: 349 Forumite
    Part of the Furniture Combo Breaker
    Happy_saver wrote: »
    You agreed a deal then you reneged. Then you ask if the builder can withdraw. What planet are you on?

    I personally can't stand people who agree a deal and then get greedy and don't want to stand by their agreed deal. The time to negotiate the price is before agreeing the deal.

    It appears you have no valid reason to break your agreement with the builder apart from your own greed. You have no sympathy from me and I think the builder is more honourable than yourself by offering the return of your deposit. Be grateful.

    Hmm. Tell that to the banks that are leaving people high and dry by closing off their mortgage offers and demanding larger deposits halfway through the buying process. personally I think the builder has shot themselves in the foot and you've had a lucky escape.
  • Happy_saver_4
    Happy_saver_4 Posts: 682 Forumite
    jaype wrote: »
    Hmm. Tell that to the banks that are leaving people high and dry by closing off their mortgage offers and demanding larger deposits halfway through the buying process......................
    I would, if the Banks were on this forum querying their reneging on any deal they had offered, which had been accepted by a customer
    You don't stop laughing because you grow old, You grow old because you stop laughing
    " Large print giveth - small print taketh away. "
  • f1re_cr4cker
    f1re_cr4cker Posts: 1,443 Forumite
    Happy_saver wrote: »
    You agreed a deal then you reneged. Then you ask if the builder can withdraw. What planet are you on?

    I personally can't stand people who agree a deal and then get greedy and don't want to stand by their agreed deal. The time to negotiate the price is before agreeing the deal.

    It appears you have no valid reason to break your agreement with the builder apart from your own greed. You have no sympathy from me and I think the builder is more honourable than yourself by offering the return of your deposit. Be grateful.

    i must admit i agree....
  • terrierlady
    terrierlady Posts: 1,742 Forumite
    yesterday G Wimpey gave notice of redundancies-:o to all of its sales force in the Bristol region because the sales are not strong enough, people like the original poster cause problems for all developers the market has changed don't waste peoples time, make sure when you reserve that the deal is right for you! Deals are good but each developer has a limit and can only deal to that level.
    my bark is worse than my bite!!!!!!!!
  • geoffky
    geoffky Posts: 6,835 Forumite
    Thank Them.......
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • Gorgeous_George
    Gorgeous_George Posts: 7,964 Forumite
    Part of the Furniture Combo Breaker
    You might thank them if you can buy the same property with less money next year.

    On the other hand, you might rue your poor negotiating skills if you can't.

    Respect to the builders.

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
  • olegxp
    olegxp Posts: 3 Newbie
    Hi Guys
    Thanks for all your replies, just wanted to give you an update
    After contacting the sale director of the company we agreed to proceed on the deal
    And the deal is: They give us on top of original deal, 5% of builders gift + stamp duty and all legal fees paid.
    On the note about negotiation skills: I am working in the sales focused business, so negotiation is all I do day by day! J
    Regarding all the negative comments: we are familiar with risk analysis, etc (MBA - it will be good starting point) so you should realise how MUCH profit they make on the new build.
    We all know that until the exchange; we can negotiate. It’s a buyers market at the moment and the sellers need to accept this. "Dog eat dog" time...
    Thanks again,
    Oleg.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    I looked at the link - rather you than me, to be honest! It's pretty cramped, the bedrooms are all small. The master bed is 10 x 10 feet, which will feel tiny once you have a bed in there, not to mention wardrobe, chest of drawers, etc.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • chickmug
    chickmug Posts: 3,279 Forumite
    neverdespairgirl wrote: »
    I looked at the link - rather you than me, to be honest! It's pretty cramped, the bedrooms are all small. The master bed is 10 x 10 feet, which will feel tiny once you have a bed in there, not to mention wardrobe, chest of drawers, etc.

    I was in new homes for many years and even then they, and the plots, were so small and getting smaller. As for FTB homes they became a joke - 3 bed semis, 2 bed terraces, then 1 bed terraces, then studios - crammed in and always with as little parking as you could fight the panning system for. UGH, UGH & UGH. I found the pressure/excuse for building these came from having to pay high land prices.
    A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.
  • poppysarah
    poppysarah Posts: 11,522 Forumite
    olegxp wrote: »
    Hi Guys

    On the note about negotiation skills: I am working in the sales focused business, so negotiation is all I do day by day! J
    Regarding all the negative comments: we are familiar with risk analysis,


    You know I would love to hear from you in a couple of years time.
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