House Buying - Just venting really!!!

valve90210

valve90210

valve90210

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My girlfriend and I are in the process of selling our flat and buying a house.

The buying part is going swimmingly, solicitors etc doing their job nicely, searches done, draft contracts exchanged etc.

However, the selling is proving to be hugely stressful and worrying. We have a buyer, who put in a first offer which we rejected, he then came back with an improved offer having spoken to family etc to raise more money. We accepted and off we went looking for a house.

After that we had someone come along to value the flat on behalf of the mortgage company which was fine but since then we've heard nothing. Lots of chasing of the estate agent has finally come back as the buyer having not even instructed his solictors yet and he is not replying to messages left by the sales progressor from the estate agents.

I have a horrible feeling he has pulled out of the sale and not told anyone, without the sale we can't buy the house so I have a feeling it's all coming apart and we're gonna be stuck in the flat and lose the house we want.

It's so frustrating and upsetting and really hope it gets sorted out.

Nothing really anyone can say just wanted to vent somewhere!
 
Nothing you can do sadly, the law permits this sort of behaviour. Between buyers pulling out, and sellers accepting higher offers from other people the whole affair is a potential nightmare.

Why do you think they say moving house is one of the most stressful things you can do?

Scotland are miles ahead of England in the home buying/selling stakes from what I remember reading. There's laws to prevent gazumping for a start.
 
Ring the estate agent an instruct them to give this inidividual 24hrs to start responding or the flat will go back on the market don't let a tyre kicking waste of space hold you back.
 
Yup, it's an absolute ball ache. We were meant to be moving the week before Christmas. Everything was sorted, we were going in on the Monday to sign everything, and then moving on the Friday...

Saturday before we're due to sign they pull out. No reason given. So we've lost all that money we've paid the solicitors, our house is in boxes, had to spend about 2 days ringing round changing our details back to our current place, cancelling insurance changes, etc

And spent Christmas living out of boxes.

People suck.
 
Don't get me started. We have a firm buyer now, and we have an offer accepted on the house we want, but we were left right in the **** earlier this year when an investment buyer put in a cash offer on our house, which we accepted.

I kid you not, two months later he just emailed the estate agent stating he was now looking elsewhere.

No reason given, nothing. Whole chain collapsed. Having to deal with mortgage companies, estate agents (crooks) and solicitors (crooks) at the same time is so damn stressful it is a wonder how anyone moves.
 
Its why most people, when its all done and dusted say they will never do it again. It is the worst system possible and insanely stressful. When we moved we exchanged and completed all on the same day, our entire life was in the back of a removal van waiting, it was 16:30 and someone up the chain was on a golf course instead of signing the contracts.
 
We had a vendor pull out when we were buying our first house on day of exchange, no reason given just that they've pulled out.

Looking back apart from losing the money already shelled out on fees it was the best thing to happen as we just went and bought something else which was miles better (originally over budget but thought stuff it may as well).

Satisfying thing was the day we completed on the new place got a call from the previous properties agent asking if we were still interested as they now want to sell again. Took great pleasure in politely saying no thanks we're sorted :)
 
Ev0 said:
We had a vendor pull out when we were buying our first house on day of exchange, no reason given just that they've pulled out.
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When my wife and I were buying our first home, we had the same situation :( The law in this country really needs to change, we lost £1000s in solicitor, surveys and mortgage arrangement fees.
 
It's so annoying, we specifically chose this buyer over another as the other was in a chain and this guy was a first time buyer - less to go wrong we thought.

Just feel so fed up and annoyed, really feel we're going to lose the house and be stuck back where we were, living in our flat with hundred and hundreds spent and nothing to show for it apart from a stack of paperwork. :(
 
I feel for you.

I will be completing the purchase of my first house tomorrow and so far everything has run smoothly. Though if somebody can tell me what the sellers estate agents do for their money then I will give them a medal. Their role has just seemed entirely redundant in the whole affair.
 
valve90210 said:
From my experience they sit on their bums doing nothing and just holding onto files for weeks without doing a bloody thing!!!
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Then charging you 1-3% of the sale price no doubt!

Its an absolute joke really. I could do my own negotiating, I would do all the viewings, I could send a memo of sale to a solicitor. The only thing I would "need" an estate agent for is to get my house on Rightmove! So, at the end of all that, is 1-3% of the sale price worth that? Yeah, right.

The only instances where estate agents are useful are for those people who can't do the aforementioned things for themselves.

Somebody needs to set up a company that will just put your house on Rightmove for you, for like £200 or something, then you can do the rest yourself!

/rant over.
 
I'm really not looking forward to moving house.

Buying tour first home was stressful enough and we were living at home at the time so didn't have to deal with selling at the same time. I can't imagine how stressful it will be to have to do both. :(

The fact that you can lose £1000's in the process just adds insult to injury.

Why is Scotland's legislation better than England's? If it really is better, why can't/don't we adopt it here?
 
OP
Put house back on market, if the buyer comes back great, if not find new buyer.
Welcome to the world of buying and selling houses.
 
cm1179 said:
put yourself in the buyers position, OP. if you weren't 100% on the purchase, you would do exactly the same.
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I can't speak for the OP, but I can say that I would not do exactly the same. Putting an offer on a house that you're not 100% on is a ridiculous thing to do. Granted circumstances can change after you put in an offer (family emergency, survey comes back with loads of problems, lose your job etc), but even if that was the case I wouldn't be a **** and hide away without telling anyone for weeks on end.
 
mpledge52 said:
but even if that was the case I wouldn't be a **** and hide away without telling anyone for weeks on end.
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true and i should clarify that my original comment is wrong and not quite how i meant it. what i was getting at, is the buyer doesn't care for your personal circumstances. he should atleast be clear on his movements though.
 
cm1179 said:
put yourself in the buyers position, OP. if you weren't 100% on the purchase, you would do exactly the same.
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If I wasn't 100% on the purchase I would inform the estate agent and either withdraw the offer, pull out completely or tell them that I was unsure and needed some time, I wouldn't disappear off the face of the earth and not get back to the estate agent when they have left several messages for me to call them!!!

eatcustard said:
OP
Put house back on market, if the buyer comes back great, if not find new buyer.
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Got different estate agent (the same one we are buying through) coming out tomorrow to discuss putting it back on the market just in case this buyer doesn't come back
 
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