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Previous owner asking to buy back property!

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  • Norman_Castle
    Norman_Castle Posts: 11,871 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
     How do we say no nicely, and avoid upset with our new neighbours? 
    Explain this to them.
    "After pretty much 2 years of searching & multiple purchases falling through, we finally completed on our first house on 27/04/22."
  • trix-a-belle
    trix-a-belle Posts: 1,532 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Mortgage-free Glee!
    Please keep us updated OP, especially when the sister returns from holiday. Perhaps a tea and cake introduction would be worthwhile when she returns.
    I suspect there is a lot underlying here, to move from next door to family to 200 miles away is either for a specific reason that's taking them there or a specific reason to get away from & this 'offer' smacks of an instant reaction which doesn't take into account any of the factors that formed the basis of their move & will settle over time. Its not like they have upped and away in one day, they have had a long period of time during marketing and subsequent searches and contracts to change their mind.

    Enjoy your new home and the updates you have planned sound great
    - Mortgage: 1st one down, 2nd also busted
    - Student Loan gone
    Swagbucks, Mingle, GiffGaff, Prolific, Qmee & Quidco; thank you MSE every little bit helps
  • sammyjammy
    sammyjammy Posts: 7,955 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    secla said:
    Laughable there actually offering less. + you would have to pay conveyancing again plus i dont think you can sell for 6 months if a mortgage is involved

    I dont think there is anyway you can sugar coat it
    We do have a small mortgage, so that’s good to know and I’ll likely add that into my reply. 

    I drafted a reply basically saying ‘Thanks for the offer, but whilst we understand and sympathise, we don’t want to sell.’. However my wife thinks it’s too short and may be taken as unfeeling. We’ve had a nightmare neighbour situation before and she’s very worried about potentially dealing with that happening again - especially now we own. I think you’re right though, there’s little we can do to spin ‘no’ into a positive. Gah, what a pain this is!
    Don't negate the fact that the sister might be glad to see the back of them  :D
    "You've been reading SOS when it's just your clock reading 5:05 "
  • prowla
    prowla Posts: 13,990 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    A polite and firm decline of the proposal would be in order.

    It's not their home anymore and there's no need to add details such as below market value, costs, sorry for their situation, they're trying it on, they've had months to think about it leading up to completion, family matters, etc.

    Don't fret about it; it's not your problem.

    You can offer them the items they left behind, subject to itinerary/terms in the sale details; I lost a guitar in a house move many years ago and I still consider it mine, but have no idea what became of it.


  • youth_leader
    youth_leader Posts: 2,918 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    I'm just glad for you that you exchanged and completed, sounds like one of the party didn't want to and is probably driving their partner mad with seller's remorse.   
    £216 saved 24 October 2014
  • Titus_Wadd
    Titus_Wadd Posts: 512 Forumite
    Sixth Anniversary 500 Posts Name Dropper
    Folk are weird!  Some folk lack emotional intelligance.  If you try to explain why their offer is derisory they may think you're negotiating a price.  I'd just say thanks but no thanks, whilst keeping it light-hearted and friendly with the sister next door.

    We live on an active building site with the NFH building a house per decade with 6 planned/part-built.  They want us out and have been absolute ****s.  They simply don't like living near people that aren't family (seems a mistake to build and sell houses in their back yard!).  They have told us we will leave  eventually but when I invited them to make us a decent offer they walked away.  They haven't encountered their stubborn and bloody-minded match before.

    I find this scenario fascinating so OP please keep us posted and I'm keen to know what else odd they've done, but not if it would identify them...they might come on here and post a "vendors' remorse" thread!
  • Exodi
    Exodi Posts: 3,956 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Combo Breaker
    They offered £5k less than we bought it for 9 days ago, because ‘it’s clear prices will fall given the economy and we have to consider our fees’. We actually got a ridiculously good deal on it, paying a fair bit under market value.
    This is absolutely bananas, I cannot even begin to comprehend this offer.

    They've offered less because it's 'clear' house prices will fall (if I had penny for each time someone predicted this, I'd be the richest man in the universe) and because they need to consider THEIR fees?!


    Know what you don't
  • user1977
    user1977 Posts: 17,840 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    Sell the house back to them, and then await the call a few months later: "we've changed our mind again, would you like to buy our house?"...
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