Getting ****** by seller

From memory in Scotland once a price is agreed it is final. In England it seems acceptable for people to take the mick. Part of me would want to say yes and then pull out just before exchange.
 
SpeedFreak said:
From memory in Scotland once a price is agreed it is final. In England it seems acceptable for people to take the mick. Part of me would want to say yes and then pull out just before exchange.
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^^^ This. Once the missives are signed, there is no going back for either party. If a buyer pulls out then its common to have in the missives that the buyer pays all mortgage costs until the seller resells the house again.


Gazumping in Scotland also doesnt occur. It just seems that up in Scotland its a lot more "honourable" (for want of a better word) as in people will tend to keep to the deal initially agreed even before signing stuff.
 
Liquid_Entity said:
So we made an offer on a property 4 weeks ago. 2 weeks later they accepted our offer. We got our DIP in place, mortgage on the go and paid up front some of the solicitor fees £355 and the survey fee £205. Been trying to get the survey set up for over a week but the sellers went on holiday or something so couldn't do it.

Today I get call from agents saying they want £3k more or they won't sell. Took me well by surprise as they spent 2 weeks considering the offer in the first place and then another 2 weeks to decide it's now not enough.

We could probably pay the extra £3k and add it to mortgage but I really am annoyed at why they go under offer and then turn around and **** on my corn flakes.
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Have the survey/searches actually been done?

If not, then can the solicitor not hold those fees for the next house?
 
Richie said:
^^^ This. Once the missives are signed, there is no going back for either party. If a buyer pulls out then its common to have in the missives that the buyer pays all mortgage costs until the seller resells the house again.


Gazumping in Scotland also doesnt occur. It just seems that up in Scotland its a lot more "honourable" (for want of a better word) as in people will tend to keep to the deal initially agreed even before signing stuff.
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Doing something because you are legally accountable doesn't make it honourable to follow through with what you have agreed...


sansnom said:
If you'd like to play by their own rules you can do this:

-Accept to increase the price and offer 5k in total extra to 'tide them over' until signing.
-Drag out the process as long as you can, tell your solicitors to take their sweet time. Don't directly nag or do anything like that, just instruct solicitor to take 3-4 days for each reply.
-Let them get anxious and very eager to sign. 1 Day before exchange is due, notify them that you will be offering 10k less or you will withdraw.

This is of course will work one of two ways, either they'll be so fed up by then they'll accept or they'll tell you to jog on. Either way you'll have wasted as much of their time as they did yours. And don't worry about the house, there's plenty of stock out there.
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If you're doing this, don't make them suspicious by offering more then what they wanted... I don't see the reason to drag it out and if you're not already obliged to pay for all the solicitor fees it will also cost you more. And if you're doing it to really screw them over then maybe be much more vicious then £10k off?


Anyway, I'd cut my losses now, there may also be more messing about in future. Hopefully they were also committed to paying some solicitor fees? It's a shame you can't claim your losses from the seller.
 
Burn it down?

That or haggle for 1.5k and tell them wanting 200k is some stupid psychological stumbling block, not a logical business move.
 
You are setting a precedent. If you agree to their demands now what's to stopping them trying to screw you again before exchange?
 
We experienced a similar issue when buying our place.

Offered full asking price which the seller accepted. We then had 5 months of waiting around because the seller had to evict their council tenant and cocked it up basically. Seller then asks for an additional £15,000 on the advice of their estate agent/mate. As they felt the property was now worth more. I don't doubt this to be fair as the agreed purchase price was actually a little low in the first place, and by this time 2 beds in the same area where on the market of more money than our offer on the 3 bed.

We held our ground and told the seller to accept our original offer or do one. Most nervous week of the whole process, but luckily the seller come back and accepted.
 
*Moangroan* said:
sellers sound like a nightmare ..... is this a reflection on how they cared to maintain the property
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The property is actually in very good condition from viewing. Kitchen and bathroom are newly refurbished, rest of place is in need of decorative refresh.

It's about 20sq metres bigger than anything else we've seen and there really isn't anything else in our search areas. We're limited because OH doesn't drive so need close location to fast train to London Bridge.

I'm just gonna leave our 197k offer on table for a week or so and look for other properties. Then see where this one is at.
 
I think I would chance my arm with the following
accept their £3k.

Then closer to actually signing change your mind and drop your offer, if it has got to almost past the point of no return most sellers would accept to prevent having to go through the whole process again.

Although the above does depend on whether you have to pay out any more money before you get to "almost past the point of no return" :)
 
Can't do anything now. Sellers have decided to pull out altogether. Makes it even worst now because I spent money and they just decide to stay put.

I need a poop so I might drive down there and poop through the letterbox....and smear it on the windows and door handles etc
 
Liquid_Entity said:
Can't do anything now. Sellers have decided to pull out altogether. Makes it even worst now because I spent money and they just decide to stay put.

I need a poop so I might drive down there and poop through the letterbox....and smear it on the windows and door handles etc
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Cant you sue them for the expenses you've paid?
 
MeatLoaf said:
Cant you sue them for the expenses you've paid?
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No, it's a problem with the English house buying system. Full of time wasters that have a knock on effect and causes serious buyers to be out of pocket.

I lost thousands when trying to buy a house that fell through twice.
 
I had a seller do this to me as well. Offered asking price, he accepted, then asked for 10 k more when i was about to start the conveyancing, told him no thanks. I did pull out 4 days before signing on another house, but that was due to the Full structural survey coming back with some major issues. House buying can be a pain, just do it in steps so you don't lose so much money all in one go. !
 
Richie said:
^^^ This. Once the missives are signed, there is no going back for either party. If a buyer pulls out then its common to have in the missives that the buyer pays all mortgage costs until the seller resells the house again.


Gazumping in Scotland also doesnt occur. It just seems that up in Scotland its a lot more "honourable" (for want of a better word) as in people will tend to keep to the deal initially agreed even before signing stuff.
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I agreed a price with an ebay seller in private to buy some alloys after his auction failed (nobody bidded).

After driving 2 hours to his home on the other side of Dundee from Glasgow. He jacked the price up by £100.

Told him to stuff it, he wasted my time and fuel but there is no way I was going to pay £100 more than the agreed price.
 
My fathers sale has all fallen through again. A week from exchange and the seller of the property he was buying has pulled out. That'll be the forth chain to fall apart. The buyer of his place has spent a fortune on surveys and architects to remodel it.

He's not happy to say the least.
 
This is why I hate the English system, the Scottish one is much better in this respect as it's effectively legally binding once your offer is accepted. Also you don't really have eastate agents up here (woop), you have property solicitors who basically do everything (including advertising properties etc).
 
Well all this drama was a blessing in disguise as we made an offer on another flat last weekend closer to family, for £1k less, the fees can be transferred over and it feels more like a house than a flat. The sellers are buying new build so there is no chain either. Offer accepted straight away and we actually had time to chat to the sellers too, unlike the last place.

So it's hopefully all worked out for the better and not cost me any more.
 
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