Gazundered at last minute!!

neverdespairgirl

kittie wrote: »

Sit tight and put your property back on the market at the original price. Houses for sale are really quite scarce. She will come crawling back with her tail between her legs.

Qutie scarce? There is an increase in supply at the moment.

neverdespairgirl

G51shopaholic wrote: »

her surveryor wants reporting to whatever professional body he belongs to!
Or did he value house at 20k less that the original asking prices hence her deciding that she didn't get the "discount" she original thought?

Why? it's not remotely obvious to me that the surveyor's done anything wrong at all.

Guilefox

I agree with the posts above.

I would not feel too guilty about the chain as your hand is being effectively forced here.

Therefore I agree, hold your nerve and threaten to put it back on market (and mean it) it sold once. Yu can take off up to 25k so if your not in a rush you will sell it again.

pardal51

dippenhall wrote: »

Hi,
Thanks for all your replies. Our house was origanlly on at £375000, she initally negotiated an offer of £362500, but she hadn't sold her own house, so ours stayed on the market, hers eventually sold, but for less than she expected so she reduced her offer to £350000. Unfortunately we hadn't had any other offers in that time so we decided to go with that.

So today we have been waiting to see what her response was ... she basically went AWOL and no-one could contact her all day! Finally around 5pm we got a call from our solicitors saying that she had got in contact with her solicitors and would issue 'further instructions' tomorrow!! So I have no idea whether it's going ahead, or not!

Some people are unbelievable! I would like to tell her where to go, but as we didn't have too much other interest in the house I'm worried it may take another age to find another buyer, so I guess we're just waiting to see whether it is a definite 'no'.

As if house buying isn't stressful enough!

Thanks for giving us the figure. When did you agree the £350K price???

I hope everything goes well for you. Don't know your circunstances, i.e., kids, moving to a another town, etc. But I think this person does not deserve buying your house. I would agree that if it is noticeable that house prices are falling and you had agreed this price some months ago, maybe to review the selling price, but in the exchange day is too much. She's is probably bluffing.

BLT_2

pardal51 wrote: »

Thanks for giving us the figure. When did you agree the £350K price???

I hope everything goes well for you. Don't know your circunstances, i.e., kids, moving to a another town, etc. But I think this person does not deserve buying your house. I would agree that if it is noticeable that house prices are falling and you had agreed this price some months ago, maybe to review the selling price, but in the exchange day is too much. She's is probably bluffing.

She has probably spent the weekend looking at other houses to see what her alternative options are before coming to a decision, hence why she was unobtainable.

westiea

My heart goes out to you. House buying is stressful enough without having to deal with this degree of unsurety and unreliability on the buyers part.

Just goes to show that if we followed the scottish house buyers laws where an acceptance of an offer is legally binding, we would have the protection we needed from unscupulous buyers.

I agree business is business. but if I opted out of a deal the morning it was due to be signed I would not stay in business long!

pardal51

BLT wrote: »

She has probably spent the weekend looking at other houses to see what her alternative options are before coming to a decision, hence why she was unobtainable.

Uhmmm I don't buy that. If she was looking, she would have been looking weeks before the exchange and not asking for £20K discount and look for properties over the weekend (that's my view anyway). I think if the buyer is serious about it, she will pull unless the vendor agrees with the discount or give a counter-offer.

I am a FTB is my dilemma that if I put an offer now and house prices start to fall I'd be in negative equity straightaway, so I can "somehow" understand the buyer. Although I believe I wouldn't do that.

POPPYOSCAR

neverdespairgirl wrote: »

Qutie scarce? There is an increase in supply at the moment.

Depends where you live. There are not many for sale around here.

POPPYOSCAR

Blacksheep1979 wrote: »

Actually you frequently hear of people complaining the item isn't up to spec and I'll go for a chargeback if you don't refund some of it (gazundering) and the other side when you're the second person in the auction and mysteriously the other person who has pushed the price up drops out and would you like to buy at 50p less than they were offering? (gazumping)




Of course they could give the falsely inflated price to get the house on their books then say that they need to reduce the price after a few weeks so getting the house and selling at a realistic price...

This is not the same.

You would get nowhere as a buyer saying well actually someone has told me that the item I bought from you is not worth now what I paid for it despite it being as described and nothing wrong with it.If everyone were to do that Ebay would soon cease to exist.

oldone_2

Looking at this impartially I think the purchaser either no longer is in position to buy, or has changed her mind.
Either way she will string the seller along for a week or two before withdrawing.
Put the house back on the market at the price already agreed, and tell her what you have done, saying if at anytime she wishes to exchange at the agreed price you will consider her offer.
If you don't do this you will lose a couple of weeks of re-marketing your house.