Isn't it a bit cheeky...

giddypenguin

We have made an offer on a (very nice) house. It's been on the market about the same length of time as ours (8/9 months or so) and has 'sold' a couple of times, but has always fallen though (simular situation to us).

When we viewed we were informed that the owners had not really been looking for a new property, but were more than prepaired to move into rented to speed things up.

So, we made an offer (once all the surveys on our current house had gone though and we'd finally settled on a price) and they've accepted it.

Our buyers are now putting pressure on us and have asked us for a completion date of mid-August (about 2 weeks :eek:). Wanting a quick sale (although 2 weeks is probably a bit optomistic) we've contacted the owner's solicitors asking how quick we can all get this done and we've now been informed that they've found somewhere they want to buy and are now looking at offers and surveys etc and won't move into rented while this house purchase is on the cards... This means that rather than these people being the end of chain (like they said) they are now part of it...

Bit cheeky to say you'd move out quick then go back on it?

Doozergirl

No suprise. People say all sorts to hook you. If I had ap ound for every time I'd read the same story as yours on here.

Yes it's cheeky. I'd never take an offer like that seriously. People either sell to buy or to rent. They don't compromise. The practicalities of having to commit to 6 months of rent and moving house twice when your plan is actually to buy means that people don't do it.

A real pain for you stuck between over eager buyers and now in a chain. Do you know how long the chain is now?

giddypenguin

Well it might all backfire on them, the people buying our house really want to move in ASAP, and have hinted they are willing to back out. Short of me and my partner moving in with my parents (which would cause a begillion more issues that actually sort) there isn't much we can do about the situation and it looks like the might lose yet another buyer of their own.

Silly.

I hate liars.

phlash

If you want their house that much, or if you know that buyers of yours are going to be scarce then you should do something about it and not necessarily jack in the purchase to teach them a lesson - you want the thing after all!

They said they could move out quick, perhaps you agree to be the top of one chain and the bottom of another and move into rented for six months. You could discuss compensation from above and below to each pay a couple of months rent, and you bare two months too.

They are each taking a financial penalty, but so are you along with a hassle factor. Negotiate it right and I don't see why both seller and purchaser would not see the offer as fair.

Doozergirl

Good point. If you're not prepared to rent, why would you expect someone else to be? Aside from the lying about it (lol) it just doesn't make sense to most people so I wouldn't expect people to do it.

I've done it and quite honestly, in retropect I'd rather have pulled out of the sale and stayed put until we were settled. Renting was hell.

giddypenguin

Doozergirl wrote: »

Good point. If you're not prepared to rent, why would you expect someone else to be? Aside from the lying about it (lol) it just doesn't make sense to most people so I wouldn't expect people to do it.

I didn't expect them too, they offered. My partner asked their EA how quickly we can get all this done as we're under pressure (just wanted an idea of time scales due to my uni work and full time work - this was before our buyers started geting inpatient) and they said 'no probs, we'll move into rented'

Don't offer if you don't want to. Doesn't help that their solicitors may has well just go backwards as they are going so slow, and their EA seem incapible of anything remotely helpful... they can't even lie consistantly!

Sorry, wanted a bit of a rant me thinks...

Doozergirl

It was a rhetorical question, hun, that's why I said 'aside from lying about it'.

Rant away, feel free! There's nowt so queer as folk.

giddypenguin

I think when push comes to shove we are all going to end up living with my parents... I'll start planning now what to do with all the spare body parts lying around after my fiancee and mother have torn each other limb from limb...

giddypenguin

Just to make me feel a bit better, our solicitor also feels this is a bit cheeky, and has said he's going to keep pushing for our completion date ASAP - he's going to try and pressure them for the end of next month (still think a bit optomistic). Think we've managed to snag one of the good solicitors, he's been nothing but fantastic all the way through!

MobileSaver

giddypenguin wrote: »

won't move into rented while this house purchase is on the cards... This means that rather than these people being the end of chain (like they said) they are now part of it...

Ask them how much they intend to compensate you for reneging on the original agreement.

Alternatively if it were me I'd insist they honour it or I'd pull out but then I'm stubborn and it really annoys me when people lie.

Doozergirl wrote: »

I've done it and quite honestly, in retropect I'd rather have pulled out of the sale and stayed put until we were settled. Renting was hell.

I did this some years ago (actually stayed with friends/family for several months not renting) and it was the best thing we ever did. It allowed our sale to go through unimpeded and then we moved into our new dream house several months later with no hassles whatsoever.

galvanizersbaby

giddypenguin wrote: »

Just to make me feel a bit better, our solicitor also feels this is a bit cheeky, and has said he's going to keep pushing for our completion date ASAP - he's going to try and pressure them for the end of next month (still think a bit optomistic). Think we've managed to snag one of the good solicitors, he's been nothing but fantastic all the way through!

I think as you say it is a bit cheeky but have experienced worse personally with buying and selling over the years.

It may depend on how much they want to buy the property they've just seen as to whether they agree to an earlier completion date.
From your first post it sounded a bit like they were not too fussed prior to spotting this new property.

Also not sure how long the sale of your property has been going through but it doesn't sound as though your buyers are being that realistic (are they first time buyers or are they too part of a chain?)

I guess it may come down to how much you want this particular property - Good luck with it all