Getting ****** by seller

alx said:
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).
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This is a common misconception.

(1) It's only binding once missives are concluded, which can take some time after an offer is verbally accepted. On my flat missives only concluded 2 weeks before completion. However, because solicitors are reluctant to be seen acting dishonestly it's hard to get one to cancel an accepted offer and ask for more money.

(2) Because of the way solicitors do everything, there's very little competition driving fees down or encouraging improved services.

It's still open to abuse in Scotland, it's just not as common because of the different setup.
 
covenantuk said:
This is a common misconception.

(1) It's only binding once missives are concluded, which can take some time after an offer is verbally accepted. On my flat missives only concluded 2 weeks before completion. However, because solicitors are reluctant to be seen acting dishonestly it's hard to get one to cancel an accepted offer and ask for more money.

(2) Because of the way solicitors do everything, there's very little competition driving fees down or encouraging improved services.

It's still open to abuse in Scotland, it's just not as common because of the different setup.
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True.

It's far from perfect but still better than the setup in England to be honest.
 
Liquid_Entity said:
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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And I imagine it was hugely satisfying telling the other sellers to do one :D
 
Still better than throwing away £1100 a month on a damp mouldy flat which is what we've been doing for 2 years :( Mortgage will only be about £800 :)

I know there are loads of other factors bringing that £800 to a lot more but at least we own the bricks n mortar.
 
Liquid_Entity said:
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.
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Wonder if the holiday cost £3k? ;)

Seriously though that must have sucked at the time but glad it's worked out for the best.

I would never offer more out of principle - what would stop them playing that game again and again!
 
Good to hear it worked out in the end. In the process of buying mine and always have that worry of similar happening! Fortunately seems the sellers are good people and like us so all should be well!

Look forward to piccys! :D
 
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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England has absurd rules raging house buying.

AfAIk, every other developed country in the world follows a model like the Scottish model.

I recently purchased a house in the US, the verbal agreement to price formed a legal contract. If either party broke that contract there was a charge of around 5% of the property value.
 
Liquid_Entity said:
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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Good news. I know it's difficult, I've been there, but one has to remain philosophical with house purchases; what will be, will be and things so often work out for the best in the end. :)
 
Liquid_Entity said:
They won't let them do a survey though
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I realise that the situation is now concluded, but this would have been ringing major alarm bells for me. If they point blank refuse to allow a survey to be done, don't just walk, run away! The house could be virtually falling down as far as you know. Too big a risk.
 
I don't get some people.
I've recently sold our home. The house we are looking to buy we cant start the mortgage application until after our year end. So We've exchanged on our house are due to complete on the 17th and we''l be moving in family until we are in a position to move again.

We've done that so if our chain collapses above us we still get to sell our house. And the women that is buying it and moving back up here from down south, Can start her new job on time.

Aint we nice
 
nightwish said:
I realise that the situation is now concluded, but this would have been ringing major alarm bells for me. If they point blank refuse to allow a survey to be done, don't just walk, run away! The house could be virtually falling down as far as you know. Too big a risk.
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I think I misworded that, from my original post I said the sellers went on holiday for 2 weeks so the survey couldn't be carried out and by the time they tried they pulled out anyway
 
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