Help! Vendor withdrawal just before exchange...

Dan-Dan

moneyistooshorttomention wrote: »

Sorry this has happened, but there is indeed no redress under the law.

Just a case of "grit teeth and try again for another place". The only things that struck me there are you commented that the vendors wouldn't negotiate about the furniture and that puzzled me. Not sure what happened there, as vendors either offer to sell some of their furniture to buyers (if they wish to) or not. Usually vendors don't sell any of their furniture on to the buyer and, if they do, I would expect them to name a "take it or leave it" price, rather than the price being a matter of "negotiation".

The other thing I wonder is whose suggestion it was to have such a short gap between Exchange and Completion. Maybe it was the vendors suggestion, in which case they have no cause to complain about it. If it wasn't their idea, but had been your suggestion then maybe they weren't happy with that.

Selling a place is more hassle than I thought it would be personally and your vendor might well have thought so too and dropped the whole idea accordingly. As a vendor I've certainly found its more "work" than anticipated, even down to things like my buyer seems to have asked both my estate agent and my solicitor the same set of piffling little queries (cue my having to do unnecessary extra emails I wasn't happy about, as they both asked me).

Even odd little things nothing to do with you might have cropped up as "extra work" which you would be totally unaware of. For instance I was NOT "charmed" to find that someone who shares the same name as me has been bankrupt (twice!) and I've had to sign a thing to say that this isn't me. Cue outrage at getting confused with a bankrupt, as I don't agree with people going bankrupt (and twice:eek:).

So, if I got that extra unanticipated work and a buyer expecting me to "negotiate" about furniture price and/or expecting me to take a shorter period between Exchange and Completion than I have decided on I might just think "blow the whole thing" and pull out.

I do wish you well in finding another place and think it might help keep another vendor "rolling along and selling the place as per plan" in future if you do what you can to be an "easy buyer" with no "negotiations" on furniture price, agree to whatever timescale between Exchange and Completion the vendor has decided on and not do what my own buyer has done (ie asking the same teensy little queries in two different directions and thus creating extra 'office work' for me).

Some vendors will have a "line in their mind" beyond which (if they feel pushed) the place will just come off the market and not all estate agents are perceptive enough to spot which vendors have such a "line in their mind" and warn the buyer that this will be the case and to take care not to be a "hard work buyer" or they will lose the place.

Good luck on finding another one.

yet another bunch of rambling utter tosh from money

notanewuser

This is exactly why there should be a decent gap between exchange and completion. Doing it on the same day in your situation is insane!!

J_i_m

Part of the problem seems to be that people think that they can have everything all their own way and are ignorant to the fact that they might to compromise somewhere especially if they're part of a large chain.

Some of the things raised in some posts here are really quite petty.

lessonlearned

Girlywhirly - so sorry to hear your tale of woe.

Unfortunately you have no redress for your lost fees and costs.

Better luck next time.

Dan-Dan

J_i_m wrote: »

Part of the problem seems to be that people think that they can have everything all their own way and are ignorant to the fact that they might to compromise somewhere especially if they're part of a large chain.

Some of the things raised in some posts here are really quite petty.

Spot on , it`s either MY WAY aka Any post money makes , or NO WAY

There HAS to be some give and take to help the process , yes its bleeding stressfull but a bit of give and take and good communication could save things

Sorry to hear your story OP , good luck next time

DRP

sorry to hear about this - it does sound that these vendors were mentals throughout the process.

speaking of which....

moneyistooshorttomention wrote: »

snip.....

As a vendor I've certainly found its more "work" than anticipated, even down to things like my buyer seems to have asked both my estate agent and my solicitor the same set of piffling little queries (cue my having to do unnecessary extra emails I wasn't happy about, as they both asked me).

DaftyDuck

Let's hope Money doesn't trouble to ask such piffling questions when she's buying..... or will they be "Questions of Utmost Importance" then?

N1AK

Sorry to hear about your situation girlywhirly. Sadly there really isn't much you can do.


One thing I wondered about this in the UK is why it isn't more common, or standard practice, to sign some kind of contract related to the sale with compensation terms in it. I know as both a seller and buyer I would be happy to sign a document that committed me to cover costs if I backed out like that if the other party would as well.

When I buy another product I expect the supplier to supply or compensate; the contracts I negotiate at work will explicitly cover the terms for this.

Okydoky25

Out of interest does the seller not still have to pay their EA their fee?

hazyjo

Okydoky25 wrote: »

Out of interest does the seller not still have to pay their EA their fee?

I should imagine most would insist on it (unless they know a personal reason they don't want to share with you which might mean they waive it).

They found a proceedable buyer, the offer was accepted, their fee is (in theory) due.

That should at least make the OP feel somewhat better. Meant to mention it myself but forgot!

Jx