We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Gazumped on day of exchange!
Options
Comments
-
That's disgusting, some people have no morals. I know it's a lot of money but there's no way I could do that to someone.
I hope the new buyers pull out at the last minute.14 Projects in 2014 - in memory of Soulie - 2/140 -
This may be down to having a solicitor who was asleep at the wheel.
He did place the deposit or did he forget.Be happy...;)0 -
Why did the agent phone other people before the expiry of the deadline?1
-
With any luck the person who put in the higher offer is a waster and PITA, who won't be able to get a mortgage.
Then in a few months time, the vendor will come crawling back to you, and you can tell them to stick the house where the sun don't shine.Early retired - 18th December 2014
If your dreams don't scare you, they're not big enough0 -
Could you not match the rival offer OP?Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
-
Well of-course.. I mean 15k is back pocket change isn't it?
I think that behavior is totally inexplicable. When your buyer is ready to exchange, is completely proceedable and has met all the obligations... then what on earth were the vendors playing at?
I mean if they didn't want to sell to them they should never have accepted the offer in the first place.:www: Progress Report :www:
Offer accepted: £107'000
Deposit: £23'000
Mortgage approved for: £84'000
Exchanged: 2/3/16
:T ... complete on 9/3/16 ... :T0 -
As someone already suggested why did the agent call other bidders?0
-
I would be horrified if this happened to me - on the other hand £15K is a substantial sum of money - some people make that in a year - so to do nothing more than live in your house for 3 months while the sale goes through, isn't too much of an ask.0
-
billybear1 wrote: »I would be horrified if this happened to me - on the other hand £15K is a substantial sum of money - some people make that in a year - so to do nothing more than live in your house for 3 months while the sale goes through, isn't too much of an ask.
It`s a hell of a gamble thoughNever, under any circumstances, take a sleeping pill and a laxative on the same night.0 -
Sometimes the buyer drops out at the last minute.
It's part of the house sale farce that exists in England, and is all quite legal.
Would non-refundable 'good faith' payments be an answer? It would certainly concentrate the minds of both parties.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards