Help! Vendor withdrawal just before exchange...

lessonlearned

Dan-Dan wrote: »

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

It's all about sweet reason, flexibility and the genteel art of negotiation.

Obviously concepts that some people seem unable to grasp.

When my kids were old enough I made up a game. It was called "Let's Negotiate":rotfl: I taught them how to get what they wanted - in the nicest possible way - no tantrums, no hissy fits, no emotional blackmail.

To get back to girly's predicament.

I would love to see some sort of "penalty clause" written into offers, backed up with a non refundable deposit. It is really shocking that vendors and purchasers alike can back out right up until contracts are exchanged with no legal redress whatsoever for the injured party. Currently you can volunteer/request this but it has no legal standing.

The system is a shambles and needs overhauling.

ValHaller

N1AK wrote: »

.... 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.

That is exactly what happens. This is the point known as 'exchange of contract'. OP's vendors pulled out just prior to this.