Just need somewhere to vent!

janoid19

I'm absolutely gutted.

We sold our house within a week of putting it on the market and so had an offer accepted on our dream house which was empty so a complete short chain

The day our offer was accepted, our buyer changed his mind and pulled out.
We went back to someone else who had made an offer on our house and they were still interested so we accepted a slightly lower offer.

All has been going well for about 6 weeks, our mortgage offer came through and survey carried out on the house we were buying. Our buyers had a valuation carried out and then a survey. We hadn't heard anything so we assumed all was good until this morning I had an email from our solicitor to say our buyers had pulled out. Our estate agent had no idea and had not been told anything so are now trying to chase down our buyer to find out the reasons for pulling out.

I am absolutely gutted as we might now lose our house and I need somewhere to vent 

I am thinking of asking to buy the survey off the buyer who pulled out to see what has scared them off.

youth_leader

So sorry.  I also had two buyers pull out, everything is so uncertain until exchange.  I'll never get over almost giving my beautiful sofa away as the 'cash' buyer wanted to 'move quickly'.  Liar, his ex wife had the money, he hadn't a penny. 

 As your dream house is empty they might wait for you?  

I had commissioned my own survey as my house was a listed building.  I would have preferred to stay - unfortunately it seemed the roof was at the end of its life etc, so I had to sell.   My daughter found a house she loved but the survey showed work they couldn't afford (double extension coming away) and they withdrew from the sale, but they gave the EA the reason.  Would your EA be able to get the reason .... or negotiate to see the parts of the survey that put them off?

janoid19

Its such a stressful time isn't it. Our estate agent doesn't think its dead and buried so is trying to talk to our buyer as they have confirmed it was something that came up on the survey.

The guy who owns the house we are buying is moving in with his partner so he's only a the house now and again so i'm hoping he will hold out for us 

Yes, I'm hoping we can at least get the sections that have put them off so we can see if there is anything we can do. I can only think of a few things that might have shown up but nothing major.

Albermarle

janoid19 said:

Its such a stressful time isn't it. Our estate agent doesn't think its dead and buried so is trying to talk to our buyer as they have confirmed it was something that came up on the survey.

The guy who owns the house we are buying is moving in with his partner so he's only a the house now and again so i'm hoping he will hold out for us 

Yes, I'm hoping we can at least get the sections that have put them off so we can see if there is anything we can do. I can only think of a few things that might have shown up but nothing major.

As you can see from posts on this forum many times, buyers ( especially first time buyers) can be frightened off by the way the surveyors report on what are often really just minor problems.
So I think you really have to push to find out what has put them off.

janoid19

Albermarle said:

As you can see from posts on this forum many times, buyers ( especially first time buyers) can be frightened off by the way the surveyors report on what are often really just minor problems.
So I think you really have to push to find out what has put them off.

Yes exactly. I have had major anxiety for the past week as I know how scary they can look if you haven't been through the process before.

The house sold so quickly the first time so I'm just hoping that if we get confirmation they have pulled out properly then we need to find out what scared them off and hopefully resolve it for any future offers. Its so stressful.

eddddy

janoid19 said:

I am thinking of asking to buy the survey off the buyer who pulled out to see what has scared them off.

If it was a problem with the survey, I think most buyers would have told you (and the estate agent) what the problem was, before backing out.

As they're hiding behind their solicitor rather than, say, phoning the estate agent - I think it's more likely to be something that they are embarrassed or feel bad about.

For example,
- their mortgage application failed because of their credit history,
- they regret offering on your house - maybe because they've found another house they prefer, or they've thought things through a bit more deeply


But maybe they're now telling the estate agent it was the survey, to avoid admitting the real problem.

janoid19

eddddy said:

If it was a problem with the survey, I think most buyers would have told you (and the estate agent) what the problem was.

As they're hiding behind their solicitor rather than, say, phoning the estate agent - I think it's more likely to be something that they are embarrassed or feel bad about.

For example,
- their mortgage was application failed because of their credit history,
- they regret offering on your house - maybe because they've found another house they prefer, or they've thought things through a bit more deeply

Oh thats interesting. The agent had no idea they had pulled out when I called. When my husband rang an hour later the agent she it was something from the survey but she didn't think they had pulled out properly and was going to talk to them so I'm very confused.

I'm not hopeful but if it was another reason rather than the survey, I think I would feel better.....maybe haha

Flugelhorn

it maybe something minor on the survey and they panicked. we had something like that with a buyer and the agent took the buyer back to the house and went though the survey with him and all was fine in the end 

janoid19

Flugelhorn said:

it maybe something minor on the survey and they panicked. we had something like that with a buyer and the agent took the buyer back to the house and went though the survey with him and all was fine in the end 

I'm hoping this is the case. I'm crossing everything and just staring at my phone, hoping to hear something. I thought it would be quite straight forward with such a short chain. Oh how wrong I was haha.

janoid19

So the latest is the Estate Agent has seen the survey from the buyer and apparently there is nothing of concern on the survey.

She is going to arrange to speak to the buyer to try and find out whats going on. 

I'm still not convinced but lets see what comes back.

Flugelhorn

OK - good that they the survey is OK but suspect that the buyers have come across some financial problems or are they also selling and having problems? - they must have been keen if they got the survey, so presume this has come up recently.