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Backing out of house sale
marjrie_2
Posts: 156 Forumite
Please help
0
Comments
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Do the dirty, tell the estate agents, and live where you are without regret. You're more important.0
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You can back out without penalty any time up to exchange of contracts. You will be responsible for your estate agent fees (read the contract) and your solicitor's fees for work already carried out.0
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Solicitors bill for aborted sale, solicitors bill for aborted purchase, survey, and nothing to the parties or estate agents (subject to your contract with them).0
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You will pay the solicitor for the work they have done - presumably less than the quote they gave you when you started the process.
Also estate agent - this will depend on the contract and whether you re still in the tie in period - may have to pay for advertising etc
No need to pay anyone else - I have had someone decide they didn't want to go ahead with the sale off their house - cost me a lot in searches, solicitors fees, surveys etc but the person who backed out didn't have to pay me anything.. (unfortunately .... )0 -
How far away were you planning on moving? "Nearer the sea" could be anything from 1-2 miles to 100.
As a buyer I'd be well p155ed off that I'd wasted time - and money - when you pulled out. By this stage they mgiht have spent £1000 and cancelled their Xmas plans to cover those costs... so now they're stuck where they were, and without a Xmas.0 -
Solicitor - they will call the other solicitor. The estate agent.
You are doing the right thing but there will be grief. When we had this the estate agent was a personal friend of the people selling - I don't think he is now and when they did sell they really struggled.0 -
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PasturesNew wrote: »How far away were you planning on moving? "Nearer the sea" could be anything from 1-2 miles to 100.
As a buyer I'd be well p155ed off that I'd wasted time - and money - when you pulled out. By this stage they mgiht have spent £1000 and cancelled their Xmas plans to cover those costs... so now they're stuck where they were, and without a Xmas.
So would I but its not the OP's worry. The OP needs to tell solicitor not to exchange contracts and probably confirm in writing. My Mum did this once and the buyer and seller were on the phone trying to see what more they could do to make it happen, quite sad really. But OP must think of herself first.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
If it makes you feel better, and you can afford it why not offer today for the survey they had done as a good will gesture? You don't really have to feel bad, these things happen but this might make you feel better.0
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You still haven't said how far away you were going to move.
Are you positive your son and wife don't want you to move. Sometimes you can live too close,make the most of it, we are only here for the weekend.
and we will never, ever return.0
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