Horrible Houseprice Crashers mock Mumsnetters

lessonlearned

ruggedtoast wrote: »

The mumsnet thread:

http://www.mumsnet.com/Talk/property/1541546-******-and-******-been-gazundered

What do YOU think?

Both sides are being silly and unrealistic.

A reduction for remedial works should be acceptable ie the damp course, electrics and repointing. The work needs to be done and the selling price should reflect this. The purchaser should obtain a couple of written quotes to give them a ball park figure with which to negotiate a further discount.

A mortgage lender would most likely insist on retaining some funds until the work has been completed.

Converting outbuildings is an extra. This is something the purchasers want to do to improve the property and add value. Additional building or conversion works should be funded by the purchaser.

Two days before exchange is leaving it rather late in the day and is bound to cause ill feeling. The purchaser may have thought that leaving it so late would mean that the vendor was so desperate they would just cave in.

On the other hand the lateness could be genuine because surveys, structural reports etc have only just been received.

However if the purchasers were awaiting the results of surveys etc then their solicitor should not have committed them to an exchange date so there is a degree of negligence and incompetence on the part of the purchasers' solicitor.

If the sale is to proceed both parties need to start being realistic and come to a viable compromise. The vendor should agree to a reduction for the remedial works, with a little bit added for the inconvenience, whilst the purchaser should fund their own improvements.

HAMISH_MCTAVISH

Graham_Devon wrote: »

It's amazing how gazundeing can spark such distasteful comments, yet if the seller had a buyer gazumping another buyer, no one would bat an eyelid, and it would probably be celebrated. Funny old world.

Gazumping is just as distasteful as gazundering, and they should both be banned.

I really have no idea why on earth you folks accept such a rotten system for buying houses in England.

ukcarper

Graham_Devon wrote: »

Jeez. I just can't imagine my mum and her group of friends talking in such a way! I understand that the OP of the mumsnet thread is angry, but to start hoping for misfortune on other peoples kids is a bit much, isn't it?!

Sounds to me that it's all a bit rushed and the buyers have had their survey back and advice. Theres stuff to put right, hence the reduction in offer...which is fair enough?

Though harsh, this is the English system, and for all concerned, I do feel it needs looking at, and so do loads of others, but nothing like this ever gets regulated properly in the UK.

Edit: LOVE the fact that after all these allegations, the advice is to string along potential buyers while they decide what to do. The hypocrisy......It's off the scale!

It's amazing how gazundeing can spark such distasteful comments, yet if the seller had a buyer gazumping another buyer, no one would bat an eyelid, and it would probably be celebrated. Funny old world.

It could just as easily the FTB are trying it on I would have thought they would have had the mortgage offer/ report before that.

Also I’m not sure that nobody would bat an eye at gazumping I was gazumped in the 70s and I withdrew my offer straight away. In my onion they are both wrong and once you have agreed a price that should be it although if the survey throws up some problems there should be some scope for renegotiating but I would have thought that would come up more than 2 days before exchange.

　

Graham_Devon

ukcarper wrote: »

It could just as easily the FTB are trying it on I would have thought they would have had the mortgage offer/ report before that.

Also I’m not sure that nobody would bat an eye at gazumping I was gazumped in the 70s and I withdrew my offer straight away. In my onion they are both wrong and once you have agreed a price that should be it although if the survey throws up some problems there should be some scope for renegotiating but I would have thought that would come up more than 2 days before exchange.

　

At the end of the day, we really don't know. It's certainly not unknown for things to crop up two days before exchange. My parents had exactly the same thing, through minor and they could rectify. And that was WITH homepacks.

All I do know is one thing....that thread has not done mumsnet a shred of justice. It's downright distasteful at times with the ill they are wishing on others.

ian103

i'm sure the sellers of the house we brought thought we were t**ts for what woul appear to be gazundering but they failed to keep thereside of the bargin to replace garage roof. simples in our case deal done on property, they didn't keep their side of the deal. price came down as we had to get the work done. I tought they were t**ts for not keeping to theirside, so as always two sides to evert story!

ukcarper

Graham_Devon wrote: »

At the end of the day, we really don't know. It's certainly not unknown for things to crop up two days before exchange. My parents had exactly the same thing, through minor and they could rectify. And that was WITH homepacks.

All I do know is one thing....that thread has not done mumsnet a shred of justice. It's downright distasteful at times with the ill they are wishing on others.

I've just read the thread and i could only see one person wishing ill on someone most where telling the OP to not accept only in more colourful language i would have expected on mums net.
Mind yo that is the first time I've read mumsnet.

ChiefGrasscutter

The essential problem is that in a house transaction no party is ever likely to come across the other one in a future transaction ever again. So it's not like purchasing/selling in any other venue where both sides will be hoping for repeat business sometime hence.

So there is no incentive foir either side to be reasonable to build up business confidence and instead there is every incentive for both parties to screw the other one on the deal in some way.

ILW

HAMISH_MCTAVISH wrote: »

Gazumping is just as distasteful as gazundering, and they should both be banned.

I really have no idea why on earth you folks accept such a rotten system for buying houses in England.

It's much more fun than the rather boring Scotch system.

Graham_Devon

Well it seems the OP has got it down to a 3.5k loss (not 17k) and sold them a cooker worth £50 for £250 (seem impressed and empowered over ripping them off). Apparently all this was sorted within 3 phonecalls within minutes (somehow think not).

Apparently they should take a dump in various places in the house as a present for the new buyers.

They are now getting offended over the term "chav" after using every single swear word in the english (and probably foreign) language.

I mistook this site for the more popular (and civilised, it seems) Netmums site.

ukcarper

Graham_Devon wrote: »

Well it seems the OP has got it down to a 3.5k loss (not 17k) and sold them a cooker worth £50 for £250 (seem impressed and empowered over ripping them off). Apparently all this was sorted within 3 phonecalls within minutes (somehow think not).

Apparently they should take a dump in various places in the house as a present for the new buyers.

They are now getting offended over the term "chav" after using every single swear word in the english (and probably foreign) language.

I mistook this site for the more popular (and civilised, it seems) Netmums site.

Your not the only one I did to