Buyer pulled out close to exchange

anotheruser

Your buyer isn't david171 is it?

The referendum has been coming for months now.
If they were woprried about it, they wouldn't have been looking at houses until voting over.
Nobody knows what will happen to house prices after the vote - that's what scares most people. If some people are to be believed, all those expats living in Spain will have to return, which will replace those EU people living here, so technically, everything should remain the same :P

AnotherJoe

anotheruser wrote: »

Your buyer isn't david171 is it?

The referendum has been coming for months now.
If they were woprried about it, they wouldn't have been looking at houses until voting over.
Nobody knows what will happen to house prices after the vote - that's what scares most people. If some people are to be believed, all those expats living in Spain will have to return, which will replace those EU people living here, so technically, everything should remain the same :P

To be "fair" to these people/ spineless wimps* it looked for along time that Brexit was very unlikely so they were probably thinking it wasnt ever going to happen and not factoring it in.

Then it looked quite likely. But in the last few days the odds have swung hugely back towards remain, the betting odds have halved on chances of Brexit / doubled on chances of stay since the weekend.

FWIW I think a leave vote most likely wont result in us leaving anyway for multiple very dull and practical reasons. But there will be years of turmoil until its sorted out and we decide to stay. Hence I've decided to vote stay anyway we are stuck with it.

I am sort of hoping its a stay anyway, and then the sellers for people like David71 asks them for an extra 20%. Not gonna happen but one can dream.

* delete as applicable

ruggedtoast

DigForVictory wrote: »

Your buyer will get their 'reward' through kharma. There is a Special Hell for those who muck up property chains.
All the very best of luck.

I hope it doesn't even come with a peshwari naan included.

smcqis

DigForVictory wrote: »

Your buyer will get their 'reward' through kharma. There is a Special Hell for those who muck up property chains.
All the very best of luck.

tad harsh

Smodlet

sadmuso wrote: »

To be honest I didn't have much faith in the buyer from the beginning - he randomly saw that my house was for sale and just knocked on the door and asked to look round, which seemed unorthodox to me. He then asked what it was on for and when I told him he said he'd pay that. He asked if we'd do it just through Solicitors and bypass the estate agents, which I wasn't happy about. He agreed to place his offer through them and it was 20k less than asking price but we haggled him up 15k.

Is the above behaviour shifty or is this something that happens? He wanted to rent the property out.

Because of the above, I was kind of expecting something lame to happen, and of course, it did.

What could have even been in it for him?

This is something that happens, but rarely, I would think. Did it myself, twice, kind of but I called the EA's number on the board and asked if we could look around the places as we were in the area and really liked the look of them... we are not BTgotoL'ers. As a BTL, he must surely have known your contract with the EA stipulates they get their pound of flesh no matter who you sell to, whether they had any involvement or not with the potential buyer, during the life of the contract and for six months after the termination date. I doubt things have changed that drastically in the last three years and that was standard practice, then, with all EAs we came across and we tried a few.

BTL buyers, in my experience, always make ridiculously, insultingly low offers. I tried telling our EA not to send any BTLs to us but they refused, thinking they were in charge, for some dumb reason. Check out some other threads on here for nightmare EA experiences.

Smodlet

To play devil's advocate for a moment, there can be legitimate reasons why a vendor pulls out at the last minute; Brexit is not one of them. A sudden change in financial circumstances, job loss out of the blue, failure of business if you are self-employed (austerity measures, for instance), sudden death in the family. Not all vendors who pull out suddenly are evil people and it is their house. They can choose to whom and whether they sell, you do not have a right to buy a property just because your offer was accepted.

We were strung along for whole year by a vendor who kept us dangling while trying to get a better offer from someone else because they lacked the integrity to tell us they had decided our offer, which they accepted, was too low. Chalked it up and eventually got a much better house in a much better area but still wasted a year...

Penelope_Penguin

smcqis wrote: »

tad harsh

having your chain messed about with by a dithering buyer has clearly never happened to you