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Help! Buyer throwing threats to pull out....

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2

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  • GRM
    GRM Posts: 645 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    If he pulls out presumably he will still need to move into a B&B or rented accomodation next week to comply with his divorce requirements plus he's now back at square one with regards to house hunting. It's going to take a him a long time to find a new property, get the survey done, get the searches done etc. etc.

    Put those facts to him and call his bluff IMO.
  • maninthestreet
    maninthestreet Posts: 16,127 Forumite
    Part of the Furniture
    poppysarah wrote: »
    Go and rent somewhere.

    Why doesn't the buyer find somewhere to rent - it's his divorce conditions that have created the problem, after all....
    "You were only supposed to blow the bl**dy doors off!!"
  • poppysarah
    poppysarah Posts: 11,522 Forumite
    Why doesn't the buyer find somewhere to rent - it's his divorce conditions that have created the problem, after all....


    If the OP thinks they will find another buyer quickly they should put their foot down.

    If they think that's risky then they shouldn't.

    When money is that tight then I worry about people taking on a renovation - where's the spare cash for when it all goes wrong?
  • TOOTHACHE
    TOOTHACHE Posts: 60 Forumite
    poppysarah wrote: »
    If the OP thinks they will find another buyer quickly they should put their foot down.

    If they think that's risky then they shouldn't.

    When money is that tight then I worry about people taking on a renovation - where's the spare cash for when it all goes wrong?

    my father is a builder plus my OH has just lost his dad and been left £200k property to sell elsewhere but that wont be ready to go on the market until after the inquest in 8 weeks time.
  • poppysarah
    poppysarah Posts: 11,522 Forumite
    TOOTHACHE wrote: »
    my father is a builder plus my OH has just lost his dad and been left £200k property to sell elsewhere but that wont be ready to go on the market until after the inquest in 8 weeks time.


    And if you believe you will find another buyer really quickly then you have nothing to worry about.
  • ViolaLass
    ViolaLass Posts: 5,764 Forumite
    TOOTHACHE wrote: »
    a) we don't own a caravan You could rent one.
    b) our friends are mostly in rented as we live in Surrey and they cannot afford to buy (I am 28yrs old so it isn't that common to own your own home at this age) No one's saying you should buy with your friends, just ask to stay with them for a couple of weeks. Whether they have or want to rent or buy is irrelevant.

    Looks like you're looking for excuses to say no. If you don't want to do it, don't but accept that you might not find another buyer.
  • ILW
    ILW Posts: 18,333 Forumite
    If the property is that sought after, tell him to sod off and get another buyer. Are you sure people are queing up to buy?
  • silvercar
    silvercar Posts: 49,561 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    One of you is going to have to rent, if he is single why not offer to pay half his rental costs?
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    The reason : a clause in the divorce stated he could not reside at the marital home. He was forced with the prospect of living in a B&B and paying storage for his furniture.
    Then he has 4 choices:
    1)Persuade you to complete next week, move in and comply with the divorce agreement
    2)Agree to Complete August 5th, move into B&B for a month and comply with the divorce agreement
    3) lose the purchase from you, move into B&B for th foreseeable future and comply with the divorce agreement
    4) stay where he is and contravene the divorce agreement

    Call his bluff. You are under a lot of pressure, but he is under even more.

    Or compromise - offer to Exchange as planned but bring Completion forward one week.
  • Acc72
    Acc72 Posts: 1,528 Forumite
    johnbusby wrote: »
    Sounds to me like you have made up your mind so what is the point of posting the question? Either you roll over and give in or you dig your heels in and risk losing the sale - ultimately the choice (and the consequenses) are yours...

    This is what I was going to say !

    Why post a question when you only want one answer ?
This discussion has been closed.
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