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Previous owner asking to buy back property!

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  • babyblade41
    babyblade41 Posts: 3,962 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I'm slightly different . I'd address it to both parties who were on the deeds before buying & set out the price you would consider.

    For me it would be a percentage increase, all legal fees covered, all moving costs covered & only exchange when you have a new property lined up & exchanged 

    You never know they might snap your hand off 
  • Abbafan1972
    Abbafan1972 Posts: 7,149 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Watch out for the "we were just visiting my sister and wondered if we could look round to see what you have done...."

    "we are planning to come to my sisters for Xmas but she hasn't got room for us to stay, it'll be OK if we stay with you, won't it? we'll be no trouble - we know our way around"
    Now that would be creepy!

    It would be a flat NO from me I'm afraid. 
    Striving to clear the mortgage before it finishes in Dec 2028 - amount currently owed - £26,322.67
  • Rumana03
    Rumana03 Posts: 213 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    After pretty much 2 years of searching & multiple purchases falling through, we finally completed on our first house on 27/04/22. Since then things have been frustrating.

    We’ve had a several odd things happen, which I won’t get into to save an essay, but now we’ve received a really weird request… They regret selling. Would we consider allowing them to buy back the house? His wife was born in the house & lived there all her life. They raised their kids here, her sister lives next door etc. 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. We really don’t want to sell, but we have to live next door to this woman’s sister. 

    Is it just me, or is this madness? How do we say no nicely, and avoid upset with our new neighbours? 
    Where did the vendor move to once they left that house? Did they buy a new property or were they renting?
  • london21
    london21 Posts: 2,156 Forumite
    1,000 Posts Fourth Anniversary Name Dropper

    At first did not think it could be real life.

    Personally I would not. House buying is very stressful, they had all this time before exchange and now completed and regretting it.

    They even offered less than you bought it, so you will go through the stress and be worse off.


  • liberty_lily
    liberty_lily Posts: 596 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    GrumpyDil said:
    I do have a certain sympathy because we regret selling our old house but it is what it is and certainly we would not have gone back like that, offering less than we sold for! 
    Me too, but definitely wouldn't consider doing what the OP's vendors have done! I do confess to having a smidgen of sympathy for them though....
  • Emmia
    Emmia Posts: 5,672 Forumite
    Fifth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 6 May 2022 at 10:45PM
    TheJP said:
    Emmia said:
    Given the sister lives next door, the previous owners will return to your location, and they may try re-making the offer in person. 

    Could you change something about the outward appearance of the house, to show it is no longer their home, but yours e.g. different planting, replacing or repainting the front door / garage door?
    It isn't their home! They sold it. OP i would just ignore them, they made their bed etc...
    The new owners need to "assert" the home is theirs, and not that of the previous owners - making simple changes like the colour of the door, can emphasise the fact the house is now under new ownership. 

    The previous owners presumably chose to sell, and it sold - but they still feel "attached" so they need to be "detached".  Ideally this should be in a non confrontational way that doesn't involve personal interaction.
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