Lied to by David Wilson Homes salesman

thatchamlad

Hi All

I have been looking in over the last few weeks and have seen a few good bits of advice given, hence my first post as i need some!!!!!!!!!!!

I must add that we are buying through mychoice homebuy.

2 weeks ago i viewed a new development by David Wilson Homes. On arriving at the sales office i was told there was only 1 plot left for the housetype i was interested in. I viewed with my fiance and we agreed it was our dream house and set about striking a deal with the salesman. So we managed to get him to drop the asking price by £20k to £250k, pay stamp duty, legal fees, include carpets of our choice, supply and install white goods and install fitted wardrobes in 2 of the 3 bedrooms. On condition that this was put in writing on the reservation form along wit the fact that our offer was subject to Catalyst approving the property, he agreed and also wrote this on the reservation form. With that we paid the £500 deposit and left delighted.

I sent the forms to Catalyst and awaited their approval.

Now is the confusing/annoying part. Yesterday i get a call from mr salesman doing his duster that we have not arranged a survey, sent the forms to our solicitor or arranged a mortgage. This polite, welcoming guy had turned into a proper stress kitten. He said his head office were considering pulling the sale due to the time it was taking. I told him i was still waiting on Catalyst approving and he knew this from day one. Then ironically today i get the acceptance from Catalyst and am ready to procede until i discover the following. The "last plot" part was a lie as the next door property is on their website at the same price with a bigger garden and garage with power points, their is an identical property by his company sold a year ago for sale for £230k 50 yards down the road.

This is obviously why he is panicking but my question is what do i do? Tackle him about being lied to, demand my deposit back, request to change properties to the bigger one?

HELP:o

poppysarah

To be honest if you've not gathered that house prices are falling and you should probably step back and wait a while already then there's very little advice worth giving you.
Get out of this sale if you can and wait 6 months and see what's happening.

Cat695

Defo tackle them about it.....why should you pay 20k more when everyone can see house prices are dropping like a 10$ wh*res pants

You now have them by the balls if you ask me.....i can promise that when your mortgage provider has it valued you will get an even bigger drop in price

so enjoy

thatchamlad

poppysarah wrote: »

To be honest if you've not gathered that house prices are falling and you should probably step back and wait a while already then there's very little advice worth giving you.
Get out of this sale if you can and wait 6 months and see what's happening.

I am obviously aware that house prices are falling but i am in rented accomodation and this tennancy expires in december. I do not want to rent anymore as i have done it for 8 years and am not prepared to through any more money down the drain.

jockettuk

thatchamlad wrote: »

I am obviously aware that house prices are falling but i am in rented accomodation and this tennancy expires in december. I do not want to rent anymore as i have done it for 8 years and am not prepared to through any more money down the drain.

my mate was in a similar situation as yourself and when he told the salesperson he might have to pull out due to mabey and the word mabey is a strong word in this, not being able to afford it as the asking price they eventually dropped it by £50,000,, they need the sale the houses are built and they need to sell them so if i was you i would go and see the salesman and haggle with them for the house you want, after all its your home your talking about

Baz_2

thatchamlad wrote: »

I am obviously aware that house prices are falling but i am in rented accomodation and this tennancy expires in december. I do not want to rent anymore as i have done it for 8 years and am not prepared to through any more money down the drain.

The irony.

You dont want to throw money down the drain but are quite prepared to pay £20k more for a house than its worth.

Get a grip man!

Debt_Free_Chick

thatchamlad wrote: »

The "last plot" part was a lie as the next door property is on their website at the same price with a bigger garden and garage with power points, their is an identical property by his company sold a year ago for sale for £230k 50 yards down the road.

Not sure if I'm reading this right or not ......

The property on the market at £230k is not a DW new-build, but one that DW sold a year ago. So it's being marketed by the owner, who is not DW?

If that's right, then I can't see you can complain about that. Firstly, it's not one of the plots that DW have to offer you. And it's not "new" - it's second-hand.

If I've read that right, then ignore this property as you can't possibly win this point.

The one next door is a different issue, however. But you would need to be sure that that property was definitely available on the day that DW told you that your plot was "the last one".

After you walked out of the DW office, it could be that someone who had previously reserved the plot next door withdrew their offer e.g. as they couldn't raise a mortgage.

By all means pursue this, but please, please, please .... establish the FACTS first!

regards

thatchamlad

Baz wrote: »

The irony.

You dont want to throw money down the drain but are quite prepared to pay £20k more for a house than its worth.

Get a grip man!

I never said i was prepared to pay 20k more now that i have seen the other property. I know nothing of mortgages as i am a first time buyer but i would imagine i will hit problems when the mortgage valuation comes in 20k less than the selling price. Will the developer have to drop his price to the valuation amount or am i screwed?

poppysarah

How much deposit did you pay? Is it refundable if you change your mind/have mortgage refused etc?

hoggums

thatchamlad wrote: »

I am obviously aware that house prices are falling but i am in rented accomodation and this tennancy expires in december. I do not want to rent anymore as i have done it for 8 years and am not prepared to through any more money down the drain.

You've done it for 8 years - surely one more year isn't going to matter?

Pull out - you'll lose 10-15% of the value as soon as you exchange. I don't know where you are but unless it's London £250k for a 3 bed is a ridiculous price.

I think they saw you coming....

thatchamlad

poppysarah wrote: »

How much deposit did you pay? Is it refundable if you change your mind/have mortgage refused etc?

It was only a £500 reservation fee.

They said that if i pulled out or could not complete i would lose half