Can I be cheeky and invoice them back??...

dottiepeas

bandofbrothers wrote: »

Im a 1st time seller and cant get my head around how the seller of this home can agree a price, and then raise it by 17k. Either they are stupid or gazumping has happened !

When i spoke to my buyer and agreed a price i even guaranteed that even if a higher offer came up i would not gazump them. Some would call me silly , but my word is my bond.

Its a shame this person who started this thread did not become interested in a property being sold by someone like me.

Funnily enough i dropped the price by 17k !

Im now at the stage where his mortgage people will be carrying out the survey they do for valuation and the property state.

Even tho the estate agents sign says sold on it ive still had interested parties.

If only all sellers could be like you!! :-) I'm sure most sellers keep their word. I think it's just our bad luck on this occasion, that we had a greedy seller. I wouldn't be so annoyed if they decided to up the price even days later (wouldn't have spent money on a survey)- but 5 weeks later?? That is just wrong.

Pink Shoes- it was 67. My unlucky number it seems!!!

superfran_uk

Walk away and never look back, and just be thankful that it was not a lot worse than £250. These people are deluded and deserve to be on the market for another year before finally having no choice but to sell at a huge loss!

ciano125

Perhaps you could get a couple of friends to put lower offers in than you did, then when they refuse them get them to say "it's not worth any more than that".

I do like the "offer them £15k more idea" to string them along, if you're resigned to the fact that you're not going to get it for what you agreed it would be uber satisfying.

Enfieldian

The survey would not have valued the property for any more than you offered, only the agreed price or less.

For prices the surveyor will usually ring a few agents in the area and ask for comparables (their term, not mine)

You could ask the surveyor to reissue the valuation based on the new asking price in which case they would no doubt under value it. It might cost you an extra survey fee though and this could be good money after bad.....

I would say that you are better off without these idiots. Good luck finding a new place.

m.r.davies

sell the survey to the next lot who make an offer on there house, at least then you haven't lost the money

put it down to a bad expereience and move on

themanbearpig

Seems like the vendors have been believing the rubbish that has been on the TV lately!

The end result will be them losing (what appears to be) a very high offer. Chances are they will never see that much money being offered again. A seller can't be greedy in the current market, they have to just accept what they can.

Mozette

lynzpower wrote: »

Personally, Id play it the other way, and tell them youve thought about it and you are willing to pay an additional 15k get them to accept it. Lay it on thick- you cant bear to walk away from your dream house etc.

Then string them along for as long as you can stand, then pull out cos you found something a lot nicer for a lot less

God thats cruel. 2 wrongs dont make a right. Or do they,

See I was going to suggest, wait until they've had to drop the price by £20,000 or whatever, offer full asking, then at the last minute say No, unless you knock another £10,000 off it.

Then once they've agreed to do that, pull out.

Once I'd agreed a sale on my house there is no way I would then up the price. Greedy greedy greedy. They'll come to no good in the end I'm sure.

casper_uk

If you really like the house and it still isn't sold in a week etc offer 5k less then the agreed price and say ever month they mess about you will lower the price by 5k due to the current conditions. It's much better to be a buyer then a seller currently so i am sure something else you will love even more will turn up soon

JoolzS

Jowo wrote: »

There isn't a breach of contract because no contract has been signed. The seller would not have been entitled to seek compensation from you if you withdrew before contracts were exchanged.

I think the law in Scotland where an offer is legally binding is much more civilised, plus some properties are marketed as fixed price - first come is first served - rather than offers over (sealed bids). Saves all the fannying and anxiety of sellers/buyers changing their mind and having to go through tortuous negotiations.

The Scottish system wouldn't help at all in this situation. The buyer still has to pay for a survey before they can even consider putting in an offer. In fact, in some ways the Scottish system can be worse because in a competitive market, buyers can end up paying for surveys on property after property and then have each offer rejected because the seller has had a better offer.

Neither system is perfect, nor will ever be.

Julie

flaura

pinkshoes wrote: »

£226k for a 3 bed ex local in Abingdon?!?! Are they serious??? You can buy a nice 3 bed in Oxford for not much more than that!

No. 32 (another semi on same street) sold for £219k in November 2007, and prices have dropped a lot in Abingdon since then!

Which number was it??

I agree you can get a lot more for around £208 in Abingdon and surrounding areas....(FYI if you can bear it a friend of mine has just bought a brand new 4 bed detached in a nice part (yes there are some) of Swindon for £195 !!!)

do you need to be in Abingdon? how about grove, wantage, didcot!, Faringdon, try widening your search by 5 miles on rightmove and leave the idiots to it.... I wouldn't have offered £208 on that place leave them to let it sit on the market for another year...