Feeling guilty!

zzzLazyDaisy

Look, if the vendors of H1 had been in any hurry to proceed, they would have accepted one of your lower offers and they would have been in a position to proceed with the place they have found. Instead they took a gamble and hung out for a higher offer. In the meantime you've had an offer accepted on a place that you love, at a lower price.

I can't see the problem, the vendors are not your responsibility. They played the game and lost.

All you need to do is to tell the EH that you are very sorry but the vendors of H2 have come back and accepted your lower offer for their house so you are no longer in a position to proceed with H1, but you wish them all the best in finding a buyer.

I_have_spoken

Yep, that's the way things happen in a buyers market, but let's hope the shock doesn't give the H1 vendors a nasty turn and put them in A&E!

ognum

frankly I think you have become over emotional about this. Neither of these vendors found it hard to turn down your previous offers, and, my guess is that if a better offer than yours comes in they will accept that.

Buying a house is a buisness decision, do what is best for you and your family without emotion and then move on!

ValHaller

MobileSaver wrote: »

Pretty poor to have been offering on two properties at once without telling both vendors as obviously was always a risk that you were going to renege on one of the deals.

No offer was accepted, so there were no deals and therefore nothing to renege on

ACG

With all respect you just need to man up.

You made an offer it was rejected, now they have decided they might want to accept it based on something out of your control... thats not your problem.

Your buying a house, they will get other offers whether theyre to the same level as yours or not is none of your concern. buy the house you want life goes on. If they only get lower offers going forward thats their bad luck for not accepting the offer.

xxsarahjwxx

We were in the same position. We used it to our advantage.
We got a lower offer accepted on our favourite house because another vendor had accepted a lower offer. We told them that because the other vendor had accepted 'x', that was the highest we could offer them. Try it, if you would prefer H1 at H2's price!

cattie

Don't feel guilty, both sets of vendors were trying to get as much as possible out of you, which is quite normal & in rejecting earlier offers, both vendors must have understood they were at risk of you just walking away.

With regards to the vendors of H1, sheltered accommodation is usually far, far cheaper than than just a stand alone house or flat. Even in London if you want sheltered or retirement property, sale price of this kind of accommodation tends to be a third of what a similar stand alone property would be. So in a nutshell, this couple certainly didn't have to sell to you at a bargain price, but wouldn't have been dependent on getting maximum amount for their property to move on & downsize.

It's the ea that will tell the couple that you've actually found another house you prefer, so don't lose any sleep over breaking the news to them. All of us who have ever bought or sold property know that nothing is set in stone until exchange. House sales fall apart on a daily basis.

It is upsetting when you feel you are going to let somebody down, I know I've had that myself in the distant past, but at the end of the day you have to do what's best for you, especially when spending such an enormous sum in buying what you want to be a happy future home.

Anyway, you could have gone for this house & then it come back with a really bad survey report & had to pull out & be out of pocket having paid for a survey. Cheer yourself up on that thought.

Phantomjoy

Thank you for all your contributions guys. some nice suggestions there. some people with empathy.

When EA of H1 rang me to say that if they like the property they are viewing (they hadn't even arranged it yet), I did tell him to inform the elderly couple that I have made offers elsewhere and I will go with the best deal.

Still what I was feeling guilty about was the fact that I was going to let them down but hey as some of you pointed out, they were quick to reject 3 offers.

Do you think its worth saying to H1 EA that I have had an offer accepted on H2 which is better financially but if anything happens for a reason or another, I will be back, provided H1 is still in the market of course. does that sound right?