Help! Seller pulled out at last minute

dottiepeas

Sorry to hear this has happened to you! It really is frustrating when that happens!...I would also feel the same as you!...I would be so peeved off and want to go round there and have it out with them!!!...

Definately think there should be some sort of change in the buying system to protect buyers!! (and sellers!) The seller probably has a legitimate explanation for pulling out...but whatever their reasons are, it will not make up for the money you have spent! Definately have a word with your solicitor and see what your options are!....maybe the seller will reconsider?...

poppysarah

Personal circumstances might be a death in the family. Or they might have lost their job. Or anything.

And one of the reasons you can't afford to buy is because people like your parents are prepared to buy and rent out houses.

Alison8_2

Haha! one of the other reasons I can't afford to buy is because I am on minimum wage, oh well my parents are simply trying to help me out rather than sabotage the attempts of first time buyers to get on the property ladder.

Well all I can hope is better luck next time, I really don't know if I can go through the stress of this process again though, its not the sellers fault if its unavoidable issues that has caused this but at the moment I need someone to blame!!

Thanks again for the replys

Richard_Webster

I suppose I quite naively thought that once deposits were paid and contracts signed it would be smooth sailing, how wrong I was, perhaps they would like to refund me for the bloody sofas I bought!!!:mad:

Didn't your solicitor explained that until contracts are exchanged it isn't legally binding. He can't exchange unless you have paid the deposit and signed the contract etc, but those actions don't in themselves make it legally binding.

I would never advise a client to spend money or give notice in on rented etc until contracts have actually been exchanged.

iolanthe07

As contracts have not been signed either party can drop out.

According to the OP contracts had been signed. However, you must assume nothing until they have been exchanged.

Alison8_2

I think I knew it was not legally binding, but hopefully assumed that all would proceed smoothly seeing as we had got to this stage. I was actually advised to be wary about spending money but I got carried away.I'm new to all this and from this point forward I will never 'assume' anything regarding buying a house again.
Actually the estate agent said that from her letter/phonecall he can read between the lines and attribute it to a marital breakdown, which is apparantly a very common factor, as you would imagine, in the halting of sales. So am now reconsidering knocking on the door and giving her an earful.
Chin up I suppose!!

Lorian

Alison8 wrote: »

So am now reconsidering knocking on the door and giving her an earful.

That won't help. Spend the energy looking for another property.

baileysbattlebus

Alison8 wrote: »

I think I knew it was not legally binding, but hopefully assumed that all would proceed smoothly seeing as we had got to this stage. I was actually advised to be wary about spending money but I got carried away.I'm new to all this and from this point forward I will never 'assume' anything regarding buying a house again.
Actually the estate agent said that from her letter/phonecall he can read between the lines and attribute it to a marital breakdown, which is apparantly a very common factor, as you would imagine, in the halting of sales. So am now reconsidering knocking on the door and giving her an earful.
Chin up I suppose!!

It's a a pain in the backside when this happens - we have had a buyer pull out on the morning of the exchange - we were pretty miffed to put it mildly. As were the people we were buying from.

Sh*t happens unfortunately.

As you say "chin up" - there's always another house. It's the system here that's the problem.

Alison8_2

I was joking about knocking on her door, I would never actually do that, not least since she probably has some problems of her own to deal with (or a higher offer..... .....)

There are always other houses, its true, back to trawling the property websites I suppose :eek:..
Thanks

Wickedkitten

Alison8 wrote: »

I think I knew it was not legally binding, but hopefully assumed that all would proceed smoothly seeing as we had got to this stage. I was actually advised to be wary about spending money but I got carried away.I'm new to all this and from this point forward I will never 'assume' anything regarding buying a house again.
Actually the estate agent said that from her letter/phonecall he can read between the lines and attribute it to a marital breakdown, which is apparantly a very common factor, as you would imagine, in the halting of sales. So am now reconsidering knocking on the door and giving her an earful.
Chin up I suppose!!

If it's a marital breakdown, you would think that they would think since they are already getting to exchange, it would be better to go ahead and sell it rather than wait and end up getting a lot less.