Flat buying - seller turning nasty

gingin_2

sexyboy wrote: »

Agrees a higher price. (which is common in a rising market)

:eek: :eek: :eek:

carpetbelly

sexyboy wrote: »

I'm sorry but am I the only one here who has tried to see it from the seller's point of view.

I highly doubt it... Most people on this forum (at times ) seem to be reasonably insightful

sexyboy wrote: »

She feels hassled by the buyer. Feels they took too long to sort out the mortgage. (probably thinks, why didn't they sort the mortgage out before looking for flats.)

If you're dealing with FTBs though I think you need to be prepared for a lot of questions. I'm not saying this is right but if you give out your phone number rather than saying go through the estate agent you're letting yourself in for it.

sexyboy wrote: »

Agrees a price with the buyer, has a better offer and still gives them the option to continue. Agrees a higher price. (which is common in a rising market)

I'd hate to buy from you. Agree's a price, then a better offer appears from a developer but noooo, she still wants to sell to the FTB that's hasseling. And wow, a better price has now been agreed.

People have been buying in rising markets for the last few years. Did everyone get their prices pushed up? No. Did most people? Probably not.

sexyboy wrote: »

Agrees a price for the fixtures, fitting and furniture.
THEN the buyer tries to wriggle out of the agreed price for furniture AND lowers the offer in relation to the flat.

But by your statement she's entitled to renegoiate on the price when someone else (if someone else even did) offered more for the property. What about the agreement she had in place then?
Prices for f&f and furniture. I don't feel sorry for anyone who's trying to get more money than what the furniture originally cost. You take one trip round ikea and it's far less than what she was trying to get for 2nd hand goods that werent even the buyers choice. What would you do?

sexyboy wrote: »

It's no small wonder he's having arguments with his girlfriend. If he hadn't been so belligerent, he'd be in the flat now, in time for Christmas with a happy girlfriend, happy flat and saved an awful lot of hassle. (Moving, house hunting etc etc)

lol belligerent. Asking questions, making sure he gets a good deal for himself and his misses. Omg, what a nightmare! Heaven help anyone who looks out for themselves on such a big purchase!

sexyboy wrote: »

just my 2p worth

Want to sell it for £1?

mrcow

sexyboy wrote: »

I
Agrees a price with the buyer, has a better offer and still gives them the option to continue. Agrees a higher price. (which is common in a rising market)

This is where I differ from the seller and she loses any sympathy from me. If I agree a price, then I honour it.

wherediditallgo

sexyboy wrote: »

I'm sorry but am I the only one here who has tried to see it from the seller's point of view. Perhaps, but I can't say for sure.
She feels hassled by the buyer. Boo hoo. Feels they took too long to sort out the mortgage. (probably thinks, why didn't they sort the mortgage out before looking for flats.) When someone's an FTB, the whole process of viewing, putting in an offer, surveys etc is often a voyage into the unknown. If someone wants the advantages of an FTB (such as no chain to worry about), they should also be prepared to accept some of the disadvantages, one being things might not necessarily be done in the best order or at the pace that suits the seller.
Agrees a price with the buyer, has a better offer and still gives them the option to continue. No, agrees a price with the buyer, then thinks she can tap them for more. Agrees a higher price. (which is common in a rising market). Maybe they liked the property enough to be prepared to pay the extra. Agrees a price for the fixtures, fitting and furniture. No - agreed a price, then increased it to more than what it would cost to buy brand new.
THEN the buyer tries to wriggle out of the agreed price for furniture AND lowers the offer in relation to the flat. A smarter FTB than she expected.

It's no small wonder he's having arguments with his girlfriend. If he hadn't been so belligerent, he'd be in the flat now, in time for Christmas with a happy girlfriend, happy flat and saved an awful lot of hassle. (Moving, house hunting etc etc) Belligerent my left nipple. The seller was trying to get as much money as they could, to the point of letting greed/sheer stupidity override common sense. She even decided that if the buyer wouldn't take the furniture, she'd need 10-14 days to get rid of it. Anyone who genuinely wants to get rid of furniture could get rid of it in an day - it's only wanting to make money out of getting rid of it that will delay her doing so. As for the arguing, that was quite likely whichever property they were buying, because his OH was doing the conveyancing so had to see things from a professional as well as personal standpoint. Moving is stressful enough without throwing twatty sellers into the mix.

sexyboy wrote: »

just my 2p worth.

Give it to the seller. She can put it towards recouping her costs if she has to cancel that flight she was supposed to be taking.

Dylanwing

No doubt there are 2 sides to the story, but seller raised the price twice, demanded too much for furniture that had a minimal re-sale value, and seems to have been very hard to deal with. For the last few Months, the property market has been uncertain, and in those conditions, keeping the buyer happy is everything. TBH, I would have thrown the furniture in for free to save the hassle of getting rid of it, particularly after getting the extra £2K.
Mind you, the seller is now abroad... Allegedly!

lynzpower

the other fact of the matter is that Leyton, particuarly the end of Leyton i think it is ISNT a rising market. Yes, london as a whole is/was , but you can still get 2 bed garden flats for 165, theres not many areas in london on the tube you can say that about. Its not BAAAAD, but to call it a rising market, ipmlies it was going up and up. Leyton hasnt seen price rises in the year or so Ive lived here, and if anything prices have fallen.

the_bread_baron

if you think the furniture is overpriced, but was ok with the high price because you wanted a quick move in, and they have destroyed that - why would you carry on with the high price then.

let him know the high price was a gesture of goodwill. then state your new take it or leave it lower offer.

TheCountOfNowhere_2

Have you seen this:

http://business.timesonline.co.uk/tol/business/money/property_and_mortgages/article3059977.ece

6.8% drop in London house prices in one month !!!!

You must be glad you didnt buy !!!!

You're now about £11K better off ( in theory ).

Have a nice christmas :-)

Rabiddog_2

Why not do a bit of research? Find out when the seller bought the place, what they paid for it etc. You might even find out its not owned by an individual but a company (naughty naughty). At least armed with this information you can see that she has only lived there for a 1.5 years and is making 50k profit (for example) so the odd 2k here and there is no great shakes. Do this for any house you are going to buy. Prices are falling now anyway, I would wait until the new year at least before jumping into the current (housing) morass> remember a residence is the biggest decision you'll ever make, buy in Haste . repent at Leisure (I did , 1988 negative equity for 6 years plus, *sigh* great days)

greenmoneysaver_2

Apologies all, just found this thread, so quickly scanned it !

Ghekko are you still buying it?

DON'T

It is really overpriced for the location - busy road above commericial premises! I wouldn't worry about a fichmongers moving in below, but any type of restaurant/burger/chicken place (loads of those on that road) will immediately put you insurance up and make it harder to sell as it is v difficult to get a mortgage over these places due to fire risks.

I used to be an EA and know the area well, don't touch these main roads with a barge pole, you'll get a better 1 bed for alot less in walthamstow and be on a better tube line.

Also THIS IS NOT A RISING AREA - 1 bed prices there have not gone up since we sold our place over 4 years ago, so very little chance of capital gain in the short term.

Let us know the latest!

aaah, at last have finished it all...

Well done - it's tough being a FTB, and even when not we have had 2 similar situations and its really draining trying to make emotional decisions unemotional. Anyone looking for research try www.nethouseprices.com to see the ACTUAL sale price for properties - a better guide than most of whats in the paper which is based on asking prices, and with Foxtons in London asking prices bear no realtion to actual value (I know I worked for them)