Gazumped & angry

TBG01

silvercar said:

fluffymuffy said:

A good question is "Who is the villain?"

The homeowner was desperate to move (for good reasons). The buyer went out of their way to entice them with their new offer. The house was no longer on the market when they made their approach. What sort of person does that?

Now we need to find somewhere to buy urgently. We're looking at those with "No Chain" on the advert. 

A "good" seller wouldn't show to anyone else or accept any offers. 

We've had buyers and sellers behaving badly in the past, it's all part of the stupid England house buying system.

The seller hasn't done anything wrong.

The system is only stupid because either side wants double standards.

One side wants to do what's best for them, but then plays victim when the other side also does wants whats best for them.

Jemma01

Don't upset yourself, it honestly sounds like you've dodged a bullet with that building lacking permission. Maybe he tried to get building control to approve it and due to serious defects, he failed. Your better home is waiting for you, and being a cash buyer gives you more options than waiting for your house to sell.

Take a step back rethink your options and focus on your family. You need a temporary residence, and you may need storage space. 

Skiddaw1

I agree with @Jemma01 . I think you've potentially dodged a bullet. It's a horrid situation but the right house IS out there and there'll come a point when you'll be glad this one has fallen through. Good luck.

Jemma01

TBG01 said:

silvercar said:

fluffymuffy said:

A good question is "Who is the villain?"

The homeowner was desperate to move (for good reasons). The buyer went out of their way to entice them with their new offer. The house was no longer on the market when they made their approach. What sort of person does that?

Now we need to find somewhere to buy urgently. We're looking at those with "No Chain" on the advert. 

A "good" seller wouldn't show to anyone else or accept any offers. 

We've had buyers and sellers behaving badly in the past, it's all part of the stupid England house buying system.

The seller hasn't done anything wrong.

The system is only stupid because either side wants double standards.

One side wants to do what's best for them, but then plays victim when the other side also does wants whats best for them.

It is wrong, everyone knows that gazumping is morally wrong, even if it is legal. We're not living in a jungle where everyone eats the other. We're all supposed to be civil, whether the law mandates or doesn't. 

london21

Mine is in FTSE Global All Cap Index Fund.

BarelySentientAI

Jemma01 said:

TBG01 said:

silvercar said:

fluffymuffy said:

A good question is "Who is the villain?"

The homeowner was desperate to move (for good reasons). The buyer went out of their way to entice them with their new offer. The house was no longer on the market when they made their approach. What sort of person does that?

Now we need to find somewhere to buy urgently. We're looking at those with "No Chain" on the advert. 

A "good" seller wouldn't show to anyone else or accept any offers. 

We've had buyers and sellers behaving badly in the past, it's all part of the stupid England house buying system.

The seller hasn't done anything wrong.

The system is only stupid because either side wants double standards.

One side wants to do what's best for them, but then plays victim when the other side also does wants whats best for them.

It is wrong, everyone knows that gazumping is morally wrong, even if it is legal. We're not living in a jungle where everyone eats the other. We're all supposed to be civil, whether the law mandates or doesn't. 

And on the other hand, buyers want as cheap as possible, expect money off for this that and the other...

Both sides want what's best for themselves.  Most of the time they don't take it too far.

fluffymuffy

BarelySentientAI said:

Jemma01 said:

TBG01 said:

silvercar said:

fluffymuffy said:

A good question is "Who is the villain?"

The homeowner was desperate to move (for good reasons). The buyer went out of their way to entice them with their new offer. The house was no longer on the market when they made their approach. What sort of person does that?

Now we need to find somewhere to buy urgently. We're looking at those with "No Chain" on the advert. 

A "good" seller wouldn't show to anyone else or accept any offers. 

We've had buyers and sellers behaving badly in the past, it's all part of the stupid England house buying system.

The seller hasn't done anything wrong.

The system is only stupid because either side wants double standards.

One side wants to do what's best for them, but then plays victim when the other side also does wants whats best for them.

It is wrong, everyone knows that gazumping is morally wrong, even if it is legal. We're not living in a jungle where everyone eats the other. We're all supposed to be civil, whether the law mandates or doesn't. 

And on the other hand, buyers want as cheap as possible, expect money off for this that and the other...

Both sides want what's best for themselves.  Most of the time they don't take it too far.

We had offered the asking price. We asked for no discounts. We were not given any opportunity to increase our offer, just notified that they are selling to someone else now.

BarelySentientAI

fluffymuffy said:

BarelySentientAI said:

Jemma01 said:

TBG01 said:

silvercar said:

fluffymuffy said:

A good question is "Who is the villain?"

The homeowner was desperate to move (for good reasons). The buyer went out of their way to entice them with their new offer. The house was no longer on the market when they made their approach. What sort of person does that?

Now we need to find somewhere to buy urgently. We're looking at those with "No Chain" on the advert. 

A "good" seller wouldn't show to anyone else or accept any offers. 

We've had buyers and sellers behaving badly in the past, it's all part of the stupid England house buying system.

The seller hasn't done anything wrong.

The system is only stupid because either side wants double standards.

One side wants to do what's best for them, but then plays victim when the other side also does wants whats best for them.

It is wrong, everyone knows that gazumping is morally wrong, even if it is legal. We're not living in a jungle where everyone eats the other. We're all supposed to be civil, whether the law mandates or doesn't. 

And on the other hand, buyers want as cheap as possible, expect money off for this that and the other...

Both sides want what's best for themselves.  Most of the time they don't take it too far.

We had offered the asking price. We asked for no discounts. We were not given any opportunity to increase our offer, just notified that they are selling to someone else now.

Not aimed at you, aimed at the general "sellers are wrong, buyers are right" comments from others.

Schwarzwald

Jemma01 said:

TBG01 said:

silvercar said:

fluffymuffy said:

A good question is "Who is the villain?"

The homeowner was desperate to move (for good reasons). The buyer went out of their way to entice them with their new offer. The house was no longer on the market when they made their approach. What sort of person does that?

Now we need to find somewhere to buy urgently. We're looking at those with "No Chain" on the advert. 

A "good" seller wouldn't show to anyone else or accept any offers. 

We've had buyers and sellers behaving badly in the past, it's all part of the stupid England house buying system.

The seller hasn't done anything wrong.

The system is only stupid because either side wants double standards.

One side wants to do what's best for them, but then plays victim when the other side also does wants whats best for them.

It is wrong, everyone knows that gazumping is morally wrong, even if it is legal. We're not living in a jungle where everyone eats the other. We're all supposed to be civil, whether the law mandates or doesn't. 

two wrong dont make a right.
but i go against the popular opininion here, i would consider reporting it and let the seller know about that.
might force him to inform the new buyer at one point before exchange anyway.
and "teach" the seller a lesson.

but it wont help your situation, just your feelings and giving into your impulse.
but i wouldnt judge on you if you did it ...

Martyn_H

Why is it there's no political will to outlaw gazumping? I guess most MPs are property owners.