Just got gazumped :(

Robbo66

Thrugelmir said:

14sprocket said:

Not sure if people have any suggestions or recommendations how to deal with this

Have a go at the EA to vent your frustration. Then continue to search bad mouthing the agents in the process. 

Why have a go at the agent, they are legally obliged to forward all offers received. its the vendors that have acted immorally

14sprocket

GixerKate said:

It sucks when this happens but this resides with the vendor rather than the EA.  We were on the other side of this.  When we were selling our house last year we had 3 viewings within 1 weekend and had two offers.  We thought long and hard and went with the offer that was slightly lower but came from a couple who seemed more reliable and wanting to move quickly (very important for us as our first two buyers dropped out leaving us hanging).  When we accepted the offer the other buyer immediately upped their offer and then we got a third offer from the other viewing that was higher again!!  We did discuss taking one of the other others but at the end of the day we didn't as we had already accepted the original offer.  All the way through the EA left the decision to us to make.

Kudos to you for doing the right thing!
Sounds like you were in the open bidding process with your buyers, whereas we got gazumped after a week since the "sealed envelope" process was finished. I know that EA has no formal way to enforce the outcome of the process, but I'm still feeling sore about the mockery of the "best and final" approach

Greymug

sheramber said:

14sprocket said:

dimbo61 said:

Far too many house purchases are falling through and costing thousands in fees, surveys etc

Maybe something the government, legal system needs to look at.

Don't need to look far - in Scotland home sales are binding at the offer stage, so no room to gazump

Not so. Sale is not final until missive is signed. Until then either party can back out.

If anything, in Scotland we can pull out even more easily since, as buyers, we don't pay anything upfront. Sellers too, depending on the estate agency they choose, can pay nothing upfront.

You put an offer on property A, get it accepted, then in 2-3 weeks time you see property B which you like more and change your mind on property A? You pull out no problems and no costs. Unethical yes but if you really have doubts you shouldn't pull the trigger.

GaleSF63

Murphybear said:

  We made an offer on the spot and stayed for tea and home made cake.  We’d still be there if we hadn’t moved 200 miles 

Were you buying from greatcrested?

NameUnavailable

14sprocket said:

SaintJudy said:

One thing I've noticed in replies to threads like this where people state their very similar experiences, is that they never say 'so we lost the house and never found anything we liked as much, so consequently stayed put in a house we no longer loved / bought something we didn't like as much and have thought about the house we lost ever since', they always, always say 'and then something much better came along and we've ended up in a house that we much prefer because it / is in a better area / is bigger / has a better garden / layout etc etc' 

I think it also talks a lot about human nature and psyche - most people usually appreciate what they have and don't carry a chip on their shoulder... Live in the present, enjoy it and don't worry about how things could have panned out otherwise from some events in the past

GixerKate said:

It sucks when this happens but this resides with the vendor rather than the EA.  We were on the other side of this.  When we were selling our house last year we had 3 viewings within 1 weekend and had two offers.  We thought long and hard and went with the offer that was slightly lower but came from a couple who seemed more reliable and wanting to move quickly (very important for us as our first two buyers dropped out leaving us hanging).  When we accepted the offer the other buyer immediately upped their offer and then we got a third offer from the other viewing that was higher again!!  We did discuss taking one of the other others but at the end of the day we didn't as we had already accepted the original offer.  All the way through the EA left the decision to us to make.

GixerKate said:

It sucks when this happens but this resides with the vendor rather than the EA.  We were on the other side of this.  When we were selling our house last year we had 3 viewings within 1 weekend and had two offers.  We thought long and hard and went with the offer that was slightly lower but came from a couple who seemed more reliable and wanting to move quickly (very important for us as our first two buyers dropped out leaving us hanging).  When we accepted the offer the other buyer immediately upped their offer and then we got a third offer from the other viewing that was higher again!!  We did discuss taking one of the other others but at the end of the day we didn't as we had already accepted the original offer.  All the way through the EA left the decision to us to make.

I'm a firm believer in fate and everything happens for a reason. Yes we might take the wrong path at times but they inevitably lead to the same destination!