gazundering and horrible buyers...advice please!

lookstraightahead

Op, try to keep with your buyer. Fewer people are buying flats at the moment because of the cladding issues.

naomibm

Jeepers_Creepers said:

Confusion over freehold/leasehold - fair enough, that needed sorting.

Bringing up new surveys at this late stage - no.

It's your call, Naomibm, but - if you at all can - then call their bluff. 'Exchange or it gets remarketed'. BUT, you have to be prepared to do it.

From what you say, it looks as tho' you are going into rented anyway? Is this because you've lost out on the house you were chasing, or just that it's not available yet?

no..not going into rented...the people we are buying from have.  myself and my husband have had a good chat this eve, if losing this buyer means we lose the place we are buying..there really isn't much that we can do about it...other than limit the stress. we really want the house...BUT there are other houses. our flat sold in 2 weeks so we will be able to sell it. thanks so much for advice people. genuinely.  

naomibm

lookstraightahead said:

Op, try to keep with your buyer. Fewer people are buying flats at the moment because of the cladding issues.

we dont have cladding...its an older period property split into 3.

lookstraightahead

naomibm said:

lookstraightahead said:

Op, try to keep with your buyer. Fewer people are buying flats at the moment because of the cladding issues.

we dont have cladding...its an older period property split into 3.

Yes but please do check out the mortgage issues for prospective buyers - whether you have cladding or not a certificate is often needed - there's a recent thread on this

lookstraightahead

https://forums.moneysavingexpert.com/discussion/6250186/ews1-form#latest

Jeepers_Creepers

It's a toughie.

What can we say with reasonably certainty?

1) The flat sold pretty easily at the time, and they seem to have got a decent deal.

2)The market might have changed a bit since then - do you know if it has in your area?

3) You have been flexible throughout - dropping a £ew k with each issue, £4k for the leasehold issue, and £3-4k for other things?

4) He's a surveyor himself?! What kind - a property surveyor? And what 'surveys' did he have carried out at the time of his offer?

5) Is there a justifiable reason for him only now claiming he needs to check for damp? Not that I can see. So that stinks.

6) You don't know yet if he's going to try it on? He might, he might not.

7) The seller of your house has been delayed, and they were going to move into rented to allow the sale to you to proceed smoothly? Would they, then, be happy (happier...) if you said 'we absolutely still want your house, but may need to remarket as we are being messed about - would that be a problem?' Perhaps worth finding out? If they say 'Great - we can hold on and that would also save us money on rent...', that would be extra power to your elbow. (But you'd also need to make clear you may wish to move as beofre).

"he came a few days ago (when we are literally about to exchange), and was pointing out lots of issues. He is now saying he may want a full survey but hasnt explicitly said he has or is going to book one..which to me seems really bad as we were just about to exchange and weve already given thousands off-he shouldhave organised one months ago as we did for the propertywe are buying. he is a surveyor himself and would have seen the defects he is talking about months ago. im unsure there is any truth in what hes saying or if he even plans on ever buying it or just stringing us along! its been so stressful...the place we are buying still havent found anywhere and are moving into rented for us."

At the moment, you don't know his motives, whether they are nasty, cynical & exploitative, or just ignorance & laziness. This has to be your judgement, but - depending on what he now comes back with - you may wish to be immediately ready to counter with "as it happens, the house we want to buy isn't available yet, so we will consider remarketing the property if there's any further unreasonable delay".

But this has to be your reasoned call. Essentially a calculated gamble.

House buying/selling is stressful - it is almost regardless of how smoothly it goes. Just keep your eye on the prize - why it is you are doing this. One day you will look back and laugh...

naomibm

Jeepers_Creepers said:

It's a toughie.

What can we say with reasonably certainty?

1) The flat sold pretty easily at the time, and they seem to have got a decent deal.

2)The market might have changed a bit since then - do you know if it has in your area?

3) You have been flexible throughout - dropping a £ew k with each issue, £4k for the leasehold issue, and £3-4k for other things?

4) He's a surveyor himself?! What kind - a property surveyor? And what 'surveys' did he have carried out at the time of his offer?

5) Is there a justifiable reason for him only now claiming he needs to check for damp? Not that I can see. So that stinks.

6) You don't know yet if he's going to try it on? He might, he might not.

7) The seller of your house has been delayed, and they were going to move into rented to allow the sale to you to proceed smoothly? Would they, then, be happy (happier...) if you said 'we absolutely still want your house, but may need to remarket as we are being messed about - would that be a problem?' Perhaps worth finding out? If they say 'Great - we can hold on and that would also save us money on rent...', that would be extra power to your elbow. (But you'd also need to make clear you may wish to move as beofre).

"he came a few days ago (when we are literally about to exchange), and was pointing out lots of issues. He is now saying he may want a full survey but hasnt explicitly said he has or is going to book one..which to me seems really bad as we were just about to exchange and weve already given thousands off-he shouldhave organised one months ago as we did for the propertywe are buying. he is a surveyor himself and would have seen the defects he is talking about months ago. im unsure there is any truth in what hes saying or if he even plans on ever buying it or just stringing us along! its been so stressful...the place we are buying still havent found anywhere and are moving into rented for us."

At the moment, you don't know his motives, whether they are nasty, cynical & exploitative, or just ignorance & laziness. This has to be your judgement, but - depending on what he now comes back with - you may wish to be immediately ready to counter with "as it happens, the house we want to buy isn't available yet, so we will consider remarketing the property if there's any further unreasonable delay".

But this has to be your reasoned call. Essentially a calculated gamble.

House buying/selling is stressful - it is almost regardless of how smoothly it goes. Just keep your eye on the prize - why it is you are doing this. One day you will look back and laugh...

Thank you....this is a really helpful and kind message. 

Suseka97

naomibm said:

Suseka97 said:

Agree with others that you should set a deadline for exchange and seeing as your vendors haven't found their onward purchase I'm sure they won't have any concerns if you re-list - gives them longer to find somewhere and/or find a suitable rental.

would their estate agents allow this?

Allow what?  Do you mean allow you to relist?  The EA works for the vendor and its up to them if they are happy to wait whilst you put your house back on the market and wait for another offer.  They might give you a deadline to get that another offer, but I would have thought that if they haven't yet found something they are interested in they wouldn't be overly bothered.  You can but ask, although hopefully if you set an exchange deadline it'll nudge your buyer to sort themselves out.

naomibm

the buyers have pulled out as we were about to pull out. very stressed, worried but in a way...at least we dont have to deal with them anymore. i just hope we can get a new buyer quickly.

Alter_ego

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