Offer accepted 6 months ago and vendors show no signs of moving - ultimatum offered and no response.

Thrugelmir · 12 April 2018 at 5:40PM

HannahRakey wrote: »

We didn't really mind because some people don't start looking until once they've got a buyer

There's little point in looking until one is proceedable. Nor is late Autumn or early New Year a great time to find a property. As new listings tend to dry up until the spring kicks in.

betsie · 12 April 2018 at 6:20PM

Sounds like a time waster I!!!8217;m afraid. There was an elderly lady on our road who liked the idea of downsizing and sold her house about 6 times over a 6 year period. She did eventually sell but sat outside the old house frequently looking in. Sometimes people don!!!8217;t realise what they!!!8217;re doing.
I would start looking again and find a new house you love.

HannahRakey · 13 April 2018 at 4:33PM

Thanks all for your comments and stories. I really appreciate it.

We have kept our eye on Rightmove for the past 6 months and the more we looked the more we liked our house. We even went to view other properties.

The vendors rejected our ultimatum so we've withdrawn our offer (or "grown a pair" as one of the comments read. They've put the house back on the market for £5,000 more then it was up for originally so are serious about selling but clearly not in a rush to do so.

My weekend is now fully booked up with other properties and hopefully one of them will be 'the one'.

Thanks again for your comments.

HannahRakey · 13 April 2018 at 4:39PM

Red-Squirrel wrote: »

You won't be moving to this house I wouldn't have thought, time to start looking elsewhere. Well, that time was a few months ago tbh but better late than never!

We have been looking and have been to see other properties. None of them were right and I was comparing them to the one we had an offer accepted on because it is everything we need it to be.

ReadingTim · 13 April 2018 at 4:46PM

HannahRakey wrote: »

They've put the house back on the market for £5,000 more then it was up for originally so are serious about selling

They're not serious about selling, they're seriously deluded about selling if they think that's gonna work. One wonders if they'll ever move....

Anyway, best of luck with the new viewings - hopefully you'll see something even more perfect. And achievable.

hutman · 13 April 2018 at 4:48PM

I've suffered this conundrum for a while. Offer was accepted but dragged on for eternity. Again, the vendors seemed infatuated with their house and were clinging on desperately in the viewing, which begged the question over the reason to sell. To my surprise, the chain became completed recently after some strongly worded emails to EA.

To my mind, it is grossly unfair if you put up to sell but do not have the will to back it up. You will inevitably end up baiting out a enthusiastic buyer who will start getting all the positive emotions and more importantly significant upfront costs to get it moving.

ReadingTim · 13 April 2018 at 4:55PM

hutman wrote: »

To my mind, it is grossly unfair if you put up to sell but do not have the will to back it up. You will inevitably end up baiting out a enthusiastic buyer who will start getting all the positive emotions and more importantly significant upfront costs to get it moving.

Alas exactly the same can be said of buyers (especially cash/investment buyers) who can bait enthusiastic sellers - or gazunder them at the last minute.

Therefore, whilst the system isn't perfect, the imperfection is the same for both buyer and seller, so even, if not fair. Feel free to suggest one which works better for both parties...

Jaywood89 · 13 April 2018 at 4:58PM

Sounds like you did the right thing walking away Let!!!8217;s just hope they don!!!8217;t end up wasting someone else!!!8217;s time and money, though I!!!8217;m sure they will.

We had our vendor sell the property to someone else right under our feet even after searches and mortgage offer. Apparently someone had called offering more money so they pulled out the day before exchange!

We!!!8217;ve ended up finding something even better at £40k cheaper, that we can really put our own stamp on and has room to expand as our family does. Hoping this one goes well.

Don!!!8217;t worry you will find something better, and I!!!8217;d bet money they will still be chasing after their !!!8216;dream house!!!8217; stringing some other poor sod along

Good luck

westernpromise · 13 April 2018 at 6:07PM

HannahRakey wrote: »

They've put the house back on the market for £5,000 more then it was up for originally so are serious about selling but clearly not in a rush to do so.

I'd suggest that proves the opposite, Hannah.

Your bid told them what a reasonable buyer would pay, which in turn tells them what they can afford next. They've worked out that based on what they now know their house is actually worth, what they can afford is less than what they want.

So with a ready buyer, first they faff about for months without proceeding and then they increase the price. What they're saying is that if you don't buy them the house they want, they aren't selling.

kinger101 · 13 April 2018 at 6:42PM

The ultimatum was pointless. It's better just to keep looking (pref. for no-chain properties) and then withdraw when you find one you like the same or even more.

PLEASE READ BEFORE POSTING

Offer accepted 6 months ago and vendors show no signs of moving - ultimatum offered and no response.

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