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Withdrawing from property purchase at late stage?

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  • ThePants999
    ThePants999 Posts: 1,748 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Are the vendors and estate agents friends of yours? Have you even met them? Even if you have, would you ever do so again after pulling out?

    So why are you even considering taking a major financial hit and huge stress in your life just to stay in their good books?

    The heart has a place, but when it comes to the most important purchase of your life, the head must rule supreme.
  • mysterymurdoch
    mysterymurdoch Posts: 139 Forumite
    Not read any replies, but lack of certificates for gas/electric wouldn't concern me, neither would inclusion of some old white goods.
  • thesurveyor
    thesurveyor Posts: 31 Forumite
    Ninth Anniversary 10 Posts Name Dropper Combo Breaker
    It's one of the biggest financial decision of your life. If you have doubts pull out. It's a buyers market.
  • amateur_house
    amateur_house Posts: 277 Forumite
    Seventh Anniversary 100 Posts Name Dropper Combo Breaker
    I pulled out of a purchase on the day of exchange, instantly regretted it and asked if the vendor would still sell the house to me, but they had already sold it for more than I was paying. This house needed a lot of work too, and the builders I had estimates from had said they wouldn't buy it as there would be "no profit in it" due to the cost of the work. I wasn't planning to make a profit, I just wanted a house to live in, though obviously not to overpay.

    It sounds like your house has had dodgy work done, which is not the same as one that just needs a refurb. I paid for an electric survey myself, plus a damp survey.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    amateur_house wrote: »
    I pulled out of a purchase on the day of exchange, instantly regretted it and asked if the vendor would still sell the house to me, but they had already sold it for more than I was paying. This house needed a lot of work too, and the builders I had estimates from had said they wouldn't buy it as there would be "no profit in it" due to the cost of the work. I wasn't planning to make a profit, I just wanted a house to live in, though obviously not to overpay.

    It sounds like your house has had dodgy work done, which is not the same as one that just needs a refurb. I paid for an electric survey myself, plus a damp survey.


    How recently was this?
  • amateur_house
    amateur_house Posts: 277 Forumite
    Seventh Anniversary 100 Posts Name Dropper Combo Breaker
    Crashy_Time wrote: »
    How recently was this?

    About 3 months ago.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    pinklady2499 wrote: »
    the fixtures and fittings list excludes all white goods despite us making it a condition of our offer that white good be included,

    Are they fitted appliances?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    mysterymurdoch wrote: »
    Not read any replies, but lack of certificates for gas/electric wouldn't concern me, .

    Perhaps not. Could be a very expensive judgement call if there are issues post completion. People spend so much more time (and money) when buying a car than a property.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    amateur_house wrote: »
    About 3 months ago.


    Got a link to the house?
  • jlaw4
    jlaw4 Posts: 122 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    amateur_house wrote: »
    It sounds like your house has had dodgy work done, which is not the same as one that just needs a refurb. I paid for an electric survey myself, plus a damp survey.

    Hi, if you dont mind my asking how much was the electric survey? I am buying a property in need of some work and the survey is recommending a electrics survey due to having no certs
This discussion has been closed.
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