Gazundered at last minute!!

tux900

oldone wrote: »

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.

Fully agree. The OP needs to take control of their sale and start calling the shots.

Mathew

Gwhiz

OP - what's the latest?

ItMightBeUsefulOneDay

oldone wrote: »

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.

Spot on and good advice.

Chinkle

Yes, love to hear an update, there's been quite a debate on here about what we thought the buyer would or wouldn't do.

Tuscan

i think shes a messer, lifes full of them and ive had my share in my time.

id say if she does still want to go through with the sale i would tell her she has 48hrs to exchange at the agreed price otherwise the house is back on the market without any further contact..


hope it all works out for the best

Pete111

Tuscan wrote: »

i think shes a messer, lifes full of them and ive had my share in my time.

id say if she does still want to go through with the sale i would tell her she has 48hrs to exchange at the agreed price otherwise the house is back on the market without any further contact..


hope it all works out for the best

If she is she is out of pocket - she will have spend a lot on (2x?) surveys and lawyers already.

I agree with general board sentiment though. Call her bluff.

MissMoneypenny

pardal51 wrote: »

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

I'm guessing about March/April time, from looking at the OPs previous posts: with some hold ups in the sale at the OPs end due the garage not being in their name.

dippenhall wrote: »

Hi,
We had an offer made on our house that we are selling, but that person has not yet sold their house, so our agent has said that we accept their offer subject to them selling their own house.
Amanda

dippenhall wrote: »

Hi,
I have just been arranging my mortgage + the company (Nationwide) say I need to insure my new property on the day of exchange of contracts.

dippenhall wrote: »

Hi,
We bought a house in 2006. The house we own freehold but the garage which is kind of in a small block was leasehold as it was built underneath a coach-house style flat, so we owned that leasehold with a 999 year lease.

4 years later we've come to sell the property only to discover that according to the land registry the garage was not transferred into our names! It's still in the name of the builders!

Obviuously some error occured somewhere, but our current solicitor is 'looking into it' - 1 month after discovering this there is still 'no news'!

And the house was a new build when bought by the OP in August 2006, so the buyer could be jumpy as new builds seemed to have the biggest falls in many areas, due to them being overpriced/fiddling with prices on the land registry, in 2006/2007.

dippenhall wrote: »

Hello,
I'm moving into a brand new house at the end of the week which uses British Gas and Southern Electric. I would usually try to shop around for the best deal, but as the house is brand new

dippenhall

Hi,

Yes you're right, the original offer was made in March, then reduced again in April. There have been delays due to finding out our garage was not registered in our own names...

Anyway, I think the buyer is actually officially mad! Her solictor said she would be in contact 1st thing this morning with a decision - lunchtime came and nothing... Finally the estate agent called her and she came out with allsorts of nonsense - hadn't realised stamp duty is 3% and various other stuff. He said that it couldn't carry on like this, she had to give an answer one way or another by the end of the day otherwise we would put the house back on the market... She was totally shocked at this and had no idea we would even dream of this "but they'd have to start again from scratch - and so would I" - Yes, but at least we might get somewhere!

So we waited, a fax then appears at our solicitors saying she will agree to exchange today for 345K (5K off the agreed price), irritating, but we set about getting in contact with others up the chain to see if we could spread the drop £1000 each or similar. Whilst this is going on and before we even have time to get back to her another fax arrives within half an hour later saying she will accept 2.5K off! We can hardly keep up with all this!

Our solicitor has said that for any price drop he will have to recontact our mortgage company and re-do contracts which will take some days. So we're waiting to hear back from further up the chain, but worry that even if we drop as we still can't exchange for a while she will come back with some new nonsense.

Stressful!

Pete111

dippenhall wrote: »

Hi,

Yes you're right, the original offer was made in March, then reduced again in April. There have been delays due to finding out our garage was not registered in our own names...

Anyway, I think the buyer is actually officially mad! Her solictor said she would be in contact 1st thing this morning with a decision - lunchtime came and nothing... Finally the estate agent called her and she came out with allsorts of nonsense - hadn't realised stamp duty is 3% and various other stuff. He said that it couldn't carry on like this, she had to give an answer one way or another by the end of the day otherwise we would put the house back on the market... She was totally shocked at this and had no idea we would even dream of this "but they'd have to start again from scratch - and so would I" - Yes, but at least we might get somewhere!

So we waited, a fax then appears at our solicitors saying she will agree to exchange today for 345K (5K off the agreed price), irritating, but we set about getting in contact with others up the chain to see if we could spread the drop £1000 each or similar. Whilst this is going on and before we even have time to get back to her another fax arrives within half an hour later saying she will accept 2.5K off! We can hardly keep up with all this!

Our solicitor has said that for any price drop he will have to recontact our mortgage company and re-do contracts which will take some days. So we're waiting to hear back from further up the chain, but worry that even if we drop as we still can't exchange for a while she will come back with some new nonsense.

Stressful!

OP hold your nerve

The second fax shows hers are clearly shredded (+ yes, she does sound a bit mental) and it's a good bet she will capitulate.

casperlarue

Looks like she is backtracking like mad not to lose your house! From demanding a 20k reduction to 'only' 2.5k in 4 days!

Stiff upper lip and all that, hold your nerve, maybe your EA could hint that your property will be going back on the market until she is ready to exchange with you at the originally agreed price.

Some people really don't have a clue about house buying, hope everything sorts itself out for you.