can they do this

brusandra

hi this is my first post so be gentle with me lol
we were offered a price of £92000 on our house of a buy to let company and we accepted they say in there advert that they will make a verbal offer then a written offer and if we accept it will all go ahead this was done then there soliciter sent the forms offering this amount we filled in the forms and accepted we then went ahead and got a firm to send boxes and come and measure furniture for being shipped to turkey . then we cleared all cupboards wardrobes gave lots to charity have got buyers for furniture and now they have came back and said that the offer was to high and that they can now only offer £83000 can they do this

silvercar

if you have already exchanged they can't change the price. If you haven't exchanged they can do anything. Whether you accept their revised offer is upto you. At that price difference, I would be inclined to tell them the deal is off and find new buyers.

brusandra

thanks silver car
no we havent exchanged but we have no other option but to accept what they are now offering as we are moving to turkey end of this mth . but as i was saying there advert says that more or less they will honer there verball and written offer ?

silvercar

Where did you find these buyers? Sounds like one of these forced sale outfits, some are more trustworthy than others.

Only you can decide if it is worth leaving your home in the hands of an estate agent after you go to Turkey or accepting their low offer.

Is £92,000 the true market value or an agreed reduced price for a quick sale?

A few of the people that operate quick purchase deals are on singingpig.co.uk, they may be able to give you advice on whether it is worth trying to find another buyer who could work quickly.

pennylane99

sounds like National Homebuyers...they are well known to do this sort of thing.....

lynzpower

brusandra wrote:

thanks silver car
no we havent exchanged but we have no other option but to accept what they are now offering as we are moving to turkey end of this mth . but as i was saying there advert says that more or less they will honer there verball and written offer ?

It will be useful to know who they are , and do you have access to this advert.

You MAY have recourse under the Trades Descriptions or false advertising legislation is my first thought.
Your local trading standards team should be able to help.

I agree with silver car that until you have exchanged anyone can do anything.

I feel for you., but who are this company and where did you find them. No offence but it sounds pretty dodgy.

david29dpo

sorry, but you have been conned.

lynzpower

david29dpo wrote:

sorry, but you have been conned.

that was helpful :rolleyes:

chant1l

Sadly there is nothing you can do as there is no agreement until exchange.

It may appear underhand but you are under NO obligation to sell. Could you try selling it whilst abroad?

And before we all jump around in disgust, remember that the buyer may only be responding to a poor survey.....

leftieM

The ole gazundering trick. It's a favourite with unscrupulous business types. Get you a bit down the house selling road and then try to take advantage. It happened to friends of ours. They had an offer of £155 which was 40k below what the house was originally on for. The guy came back with an offer of 90k. They told him where to stick it.

Milky_Mocha

probably easier said than done but purely on principle I would reject them and tell them the deaL IS OFF. If more people did this then perhaps they wouldn't keep trying it on.