Our buyers have just pulled out----gutted!!!

gilly41

HiOur buyers have just let our EA know that they are pulling out!!! They put their offer in on April 21st so for 2 months they have strung us along!!!!!!!They were due to pay their search on Monday and they obviously dont have the cash

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they have had numerous excuses over the past few weeks about various things and Monday was the deadline for them to pay.So. lo and behold today they pull out.I am totally gutted---we were ready to exchange and the people we are buying from are ready too!!!!Not sure what to do now---do we carry on or do we call it a day?I know we are £900 down with solicitiors and survey fee

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I just cannot understand why they have "played" along with it for so long knowing fine well they just couldnt afford it?I am soooooooooooooo annoyed!!!!Sorry to rant---I know there are far worse things in life!x

nollag2006

Keep a cool head here, you may be able to quickly land another sale especially as the market is still so buoyant in most of the country.


You might also want to go to bridging finance for a couple of months, if you are really keen to get the new place.
It’ll all work out in the end …

noyk

Bouyant, except london where abouts in most of the country do you mean?

Bridging loans are expensive, before you recommend one please point out the facts!

pauliney_2

that as just happen to me last week think might stay here for now markets seems to be slow (big boys games again with interest rates) :rolleyes:

gilly41

HiThanks for the replies.We are in the north east

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it took us 6 months to get this "buyer" so i dont think we are going to be lucky and get anyone else in a hurry!I just feel soooo gutted

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there should be a law against people putting in offers and then pulling out at the last minute xx

nollag2006

Not sure what the value of your post is noyk – the market is very bouyant in my part of London, as it is in many other parts of the country


As for pointing out that bridging is expensive, I wouldn’t want to insult the OP’s intelligence by making such a pointless observation …

If you have any constructive advice for the OP, I’m sure they would appreciate it, rather than making snide jibes

noyk

i was trying to be realistic, london is different (and is not the whole country) as i mentioned. my advice to the op was in there too... dont get a bridging loan. as we can see from subsequent posts, the op has been trying to sell 6 months. a bridging loan for that period would be painful to most people (though perhaps not for londonite's

lynzpower

Oh gilly Im so sorry to hear that i remember whne you firs tput it on the market, things are slow in your area arnt they? Im sure these interest rises dont help either

Sending a hug, its what every house seller dreads.

Gorgeous_George

gilly41 wrote: »

there should be a law against people putting in offers and then pulling out at the last minute xx

I'll never understand why you cannot take the timewasters to the small claims court to recover your losses. This wouldn't compensate for all the grief but it might make the timewaters think twice.

I wonder if we could insist on a deposit when the offer is accepted to insure against non-completion.

I don't care what their reason/excuse is. I'd be fuming and might be tempted to pay them a visit (to ask them why they have cost me money, of course).



GG

rizla01

I Wish I could find someone in the same position in Essex. Need to move NOW but have to find somewhere and wait, and wait and wait.

And thats with CASH! (Sold house and living in a pok(x)ey flat!!)

gilly41

Thanks Lynz---we are truly gutted!!!Not sure where we should go from here----we are obviously going to lose the house we want and at the moment there is nothing out there that comes anywhere close to it!!!We have been discussing staying put and remortgaging to get some essential jobs done but ummmmmmmmm I really cant see myself being happy here again now!!!! Maybe in a couple of days things will seem clearer!!!x