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Buyers pull out of house sale

klik
klik Posts: 9 Forumite
edited 11 October 2018 at 5:19AM in House buying, renting & selling
Hello

New to this just wanted to let off a bit of steam and some advice.

We have been selling our house put it on the market in April had an offer in the first few days and accepted, found ourselfs a house we wanted to buy offer accepted did all the legal stuff there was a problem with the house we were buying and had to wait until last week for it to be resolved no fault of ours all down to the people selling the house we wanted to buy. That all gets sorted and our buys decide they just don’t want to buy now and the people selling us the house after waiting for 6 months for them to sort there !!!! out decide there not waiting for us to find new buyers and also pull out and put there house back on the market.

How is this fair after waiting all this time for them they didn’t even wait 10 minuets we are so devastated there is nothing at all we can do is there.

We were meant to exchange next week the whole house is packed up and ready to go, how are these things legally allowed to happen when you get so far in. Fine if there is a problem with the property while doing all the searches and surveys but not when it’s all fine.

After spending all that time and money on something for people to do that to you.
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Comments

  • The stresses of buying and selling houses I'm afraid. I've had it happen as a buyer and a seller to me as well. Also you don't really really know peoples personal circumstances and it's just a business deal where your client has pulled out. Maybe one of them has lost their job and they are facing other issues, or relationship problems, or health issues. Who knows.
  • -taff
    -taff Posts: 14,479 Forumite
    First Anniversary Name Dropper Photogenic First Post
    Because they've been waiting for six months for you to buy and can't be bothered to wait any more. And they probably saw a cheaper house by now after waiting six months, Christmas is coming, winter is setting in etc.


    Yu're approaching this from your point of view, which is, why didn't they do what WE wanted them to do. They are probably thinking the same thing. And to me, it sounds like your vendors have been taking the proverbial and walking all over you.
    Shampoo? No thanks, I'll have real poo...
  • Whilst not commonly pursued it is simple breech of agreement by your sellers when they broke your agreement initially, and if you take them to court you would certainly win and be awarded damages. Your problem is that you would have to evidence how much this cost you, and since you still have your house its probably not that much and might not even cover the time to recover it

    PS Dont be surprised if this is contested on here because it's not common knowledge and not commonly pursued but it is legally water tight
    klik wrote: »
    Hello

    New to this just wanted to let off a bit of steam and some advice.

    We have been selling our house put it on the market in April had an offer in the first few days and accepted, found ourselfs a house we wanted to buy offer accepted did all the legal stuff there was a problem with the house we were buying and had to wait until last week for it to be resolved no fault of ours all down to the people selling the house we wanted to buy. That all gets sorted and our buys decide they just don’t want to buy now and the people selling us the house after waiting for 6 months for them to sort there !!!! out decide there not waiting for us to find new buyers and also pull out and put there house back on the market.

    How is this fair after waiting all this time for them they didn’t even wait 10 minuets we are so devastated there is nothing at all we can do is there.

    We were meant to exchange next week the whole house is packed up and ready to go, how are these things legally allowed to happen when you get so far in. Fine if there is a problem with the property while doing all the searches and surveys but not when it’s all fine.

    After spending all that time and money on something for people to do that to you.
    If I ruled the world.......
  • klik
    klik Posts: 9 Forumite
    They were well aware of the situation And had six months to pull out why wait until the last week when we are ready to exchange that’s my point of view thanks
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
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    edited 11 October 2018 at 8:27AM
    IANAL but regards breach of agreement, surely the "agreement" was inherently that the OP was making an offer on the grounds they were proceedable because they had a buyer. Now they no longer have a buyer they are no longer proceedable. So I think they'd be on a hiding to nothing to claim.

    To the OP, the situation is inherently unbalanced, in that you really wanted to buy this house , enough to wait. But they don't want you as a buyer enough to wait. Anyone can buy their house it's all the same to them, whereas you wanted just the one specific house. So it's not really a fair comparison. To think you should both behave the same.

    P.s. if you do find another buyer and are still inclined to buy the house you would be ina great position to proceed having got so far, better than other buyers. OTOH as far as the sellers are concerned how long might they have to wait ..
  • klik
    klik Posts: 9 Forumite
    The fact that they are selling the house without the correct documentation is the whole reason this happened so you think that they would have the courtesy to wait.
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    First Anniversary Name Dropper First Post Photogenic
    klik wrote: »
    The fact that they are selling the house without the correct documentation is the whole reason this happened so you think that they would have the courtesy to wait.

    I presume you waited not out of "fairness" but because this was the house you really wanted. You always had the option to find a better one, Start looking again maybe you'll find it. Good luck I hope you do.
  • klik
    klik Posts: 9 Forumite
    Both really the house was almost perfect and if we pulled and we didn’t see anything else but more the fact we felt obliged to continue without letting anyone down.
  • eddddy
    eddddy Posts: 16,407 Forumite
    First Anniversary First Post Name Dropper
    edited 11 October 2018 at 8:44AM
    Whilst not commonly pursued it is simple breech of agreement by your sellers when they broke your agreement initially, and if you take them to court you would certainly win and be awarded damages. Your problem is that you would have to evidence how much this cost you, and since you still have your house its probably not that much and might not even cover the time to recover it

    PS Dont be surprised if this is contested on here because it's not common knowledge and not commonly pursued but it is legally water tight

    Just in case anybody is wondering... the above is nonsense.

    ChrisK has previously posted nonsense on this board like this....
    https://forums.moneysavingexpert.com/showthread.php?p=74490780&highlight=#post74490780

    I'm not sure if he believes what he posts, or whether he is just playing games.


    FWIW, in England and Wales the legal position is that an offer made to buy/sell a property is 'subject to contract'.

    Nothing is binding until contracts are signed and exchanged - so no damages are payable before that point.
  • Davesnave
    Davesnave Posts: 34,741 Forumite
    Name Dropper First Anniversary Photogenic First Post
    klik wrote: »
    The fact that they are selling the house without the correct documentation is the whole reason this happened so you think that they would have the courtesy to wait.
    Buying and selling property is usually courteous enough, but when the sums of money involved are considered, there is sometimes a large disincentive to put good manners above everything else.


    Add to that the fact that a minority of people have no care for others and situations like this are bound to arise.


    The only way to view this situation is to regard it as character-building experience and move on. I'm not convinced that mounting some legal challenge would be either appropriate or psychologically helpful; you'd just prolong the agony.
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