View Full Version : gutted - house falling through...
DaveW_42
27-09-11, 09:12 AM
Arghhhhh!
Everything was going so well too...
Wife is pregnant with our second child so a house move is in order. Found a great 4 bed place and got our current one on the market. Sold it within a few months and have done all the surveys, paid (some) for solictiors and for the searches, etc. Just this morning find out that the buyers of our house left an answerphone message at the estate agent simply saying they weren't buying anymore!
Absoluetly gutted. Baby is due in Jan so the timing was looking perfect - move into new place, get the decorating done and then the new baby arrives. Not looking forward to having to move house with a brand new baby now... if at all...
Anyone want to to buy a house!?
http://www.vebra.com/PremierMove/property/22476047
dizzyblonde
27-09-11, 09:22 AM
Theres a lot of this going on at the moment. Its got a special word too! Something similar to gazumping.
Vendors are getting cold feet because of the current financial climate. Buyers are coughing up survey fees, etc etc and at the last minute get dropped like yourself, losing a lot of money.
We're over crowded here, big lad is sharing a room with the wee manand we've been pushed into the second bedroom just so theres space for the kids, and my living room looks like a nursery full of toys!
We're taking our time over things that need doing in the house, until theres an improvement on the market to buy bigger, not worth taking the risk.........as well as us being skint ;)
DaveW_42
27-09-11, 09:27 AM
looks like the only people making money out of it are the solicitors and surveyors!
dizzyblonde
27-09-11, 09:49 AM
Seems so, but in the same article I read about situations like you find yourself in, I also read that there is to be a clampdown, on estate agents bullying buyers into buying houses, so they get their commissions, wrong descriptions such as 'nice view' when it backs onto an industrial state, 'off road parking' when all it is, is on a street etc.
Sorry about your bad luck, supposes you'll be feeling a little cosy for a while....bit like us!
DaveW_42
27-09-11, 09:55 AM
Seems so...
House is back on the market again so fingers crossed. Think I'd rather move with a young 'un than not at all if we can. Just have to wait and see what happens.
At least I don't have to pay the estate agents fees and stamp duty until after they sell the house. Those were the biggies.
Maybe I can buy anaother bike instead!
Quiff Wichard
27-09-11, 10:44 AM
good luck - hope it all works out..
when I sold a house years ago the buyer dropped his offer by £1500 with 2 hours to go to exchange..
I told the estate agent tell him &&&**((()) off and waited ... he was trying it on and bought at agreed price anyway .. there are some awful folk out there..
I wish you well very very stressful time and baby too
Things happen for a reason might all work out for the better
Quiff Wichard
27-09-11, 10:45 AM
Dizz.. it is Gazanging..
http://www.totallymoney.com/news/index.php/2011/09/gazanging-on-the-rise-as-house-sellers-pull-out-at-last-minute/
Quiff Wichard
27-09-11, 10:46 AM
aha and from that article I see I was gazundered
I like the scotish system of house buying, if you make an offer and it's accepted, you better buy it or pay for the luxury of not buying it.
Either way the person who is/should have bought the house pays money.
Gazumping dont exist either.
Wish I lived there sometimes for the way things are done in the housing market, rest of the UK has a lot to learn.
dizzyblonde
27-09-11, 11:36 AM
Dizz.. it is Gazanging..
http://www.totallymoney.com/news/index.php/2011/09/gazanging-on-the-rise-as-house-sellers-pull-out-at-last-minute/
aha and from that article I see I was gazundered
Aye....thats the one....where the hell do they come up with these words? :smt104
The Idle Biker
27-09-11, 12:57 PM
I like the scotish system of house buying, if you make an offer and it's accepted, you better buy it or pay for the luxury of not buying it.
Either way the person who is/should have bought the house pays money.
Gazumping dont exist either.
Wish I lived there sometimes for the way things are done in the housing market, rest of the UK has a lot to learn.
Sorry to hear that Dave, it's a stressful time to be sure, buying houses in England is massive worry.
Once again the Scots seem to have the right idea on committing to buy. I heard about that rule, I don't know for sure how it plays out in practice but it seems common sense and I wish it could be applied in England. why the feck it isn't I don't know???
DaveW_42
27-09-11, 01:41 PM
Yeah, think that would make perfect sense. After all, you're in a contract if you accept an offer, it's just that the money hasn't changed hands yet. If I ordered a kitchen from somewhere and cancelled it 2 months later when they'd already started building it, I'd damn sure have to pay something for it. Just doesn't seem to be the same with houses.
House back on the market is all we can do unfortunately...
Maybe I'll put it in the 'For Sale - Non SV related items section'!
Weirdly enough, Hitchin was on that Location Location Location program the other week and came out looking pretty good - maybe we'll get more for it this time round! (ever the optomist!)
Aw that really is **** luck. Your house looks fantastic, it's obvious that you've done a lot of work there. It really does look nice.
Here in the sticks a house like that might sell for £130 - £140K... you're commutable to London, we're not. The line from Shrewsbury to Birmingham isn't electrified, we still have diesel chuggers, and the Government says it isn't used enough to repay the £bn investment. Ahh, that's why I usually have to stand to Wolverhampton of a morning...
Hope all goes well with the sale:D
tigersaw
27-09-11, 08:29 PM
Here in the sticks a house like that might sell for £130 - £140K... you're commutable to London, we're not. The line from Shrewsbury to Birmingham isn't electrified, we still have diesel chuggers, and the Government says it isn't used enough to repay the £bn investment.
Exactly the reason I'm window shopping in the SY7 postcode just now..
Craven Arms, Clun, Leintwardine. Wow that really is out the back of beyond:lol: But FANTASTIC biking roads:D
I'm in SY4:D Do you remember, I used to live in SY3, and my user name on here was Sythree, but nobody understood it:rolleyes:
tigersaw
27-09-11, 09:02 PM
Craven Arms, Clun, Leintwardine. Wow that really is out the back of beyond:lol: But FANTASTIC biking roads:D
I'm in SY4:D Do you remember, I used to live in SY3, and my user name on here was Sythree, but nobody understood it:rolleyes:
Craven arms, Bishops Castle. Is it really back of beyond?
I know none of the properties have gas or sewerage (or even mains water in some cases) where I'm looking, but they do have mains electric and I'd hope for the internet at least.
Sorry for the thread creep
Yeah sorry Dave, South Shropshire is lovely, completely unspoiled. I often stop at Harry Tuffins cafe in Craven Arms, it's a well known biker caff where the Corvedale road meets the A49. The A49 is mega busy, it's the main road north/south through the county, if you buy a place there be sure you can't hear the road. Bishops Castle is pretty and rather quieter than CA but still with a lot going on, the A488 is a terrific bike road:) The Hope Valley (that's further up towards Shrewsbury) is particularly good, really twisty and challenging. MM1/2 riders might remember all these roads, although it was 5 years ago I spose!
DJFridge
27-09-11, 09:48 PM
Bad luck, hope you have a bit more luck next time.
We had to move in a bit of a rush (house being demolished as part of a land sale, long story) and it was a nightmare. Wifey saw a great house and put an offer in. We got gazumped. We agreed to match the price but it was turned down. The buyer turned out to be buying it on behalf of speculators who then ran out of money and the sale fell through. The estate agent rang us and asked if we were still interested but the buyer was now insisting on the full asking price that we had been prepared to pay, not the original offer that had been perfectly good until some flyboy with no actual money buggered it all up. We loved the place so we paid up but it was bl00dy annoying and cost us about 12k extra.
It gets better.
At the same time, I was trying to sell my old flat up in Guildford. I accepted an offer at a bit below what I wanted but not too bad. Then the guy faffed about, taking ages over everything and then insisting on that I, as the seller, paid for a freehold lease extension despite there being plenty of years left and no mortgage company having a problem with it. It would have taken months and cost thousands. This is 4 years ago as the property market is gently collapsing. The cheeky sod then put in a much lower offer (40k lower!) and he'd take it lease unaltered. I asked my estate agent to tell him to shove his offer somewhere dark. I eventually accepted an offer from a nice honest lady about halfway between asking price and cheeky git. It turned out that the cheeky git in question was another estate agent who could see the way the market was going and was trying to hang on so long that I had to accept a rubbish offer. The only bright side was finding out that his estate agent went bust a few months later so the little git lost his job - thoroughly deserved.
As you can probably guess, it's still annoying several years later (it cost us a fortune all in), but there is always a light at the end of the tunnel so keep smiling - it'll all work out in the end.
Just watching Location etc - £390K for a pokey 2 bed flat in Crouch End? £210K for a $hithole 2nd floor dive over a Chinese on a busy road in Finsbury Park, where the outside space measures about 6X4?
I was yelling at the telly, 'move to Shropshire!!!'
tigersaw
29-09-11, 10:47 PM
I was yelling at the telly, 'move to Shropshire!!!'
No don't do that. I want it to still be empty when I move up
DaveW_42
30-09-11, 10:29 AM
prices in the south east or anywhere vaguely commutable to London are just ridiculous. 350k for a one bed flat!? I thought we had a healthy budget at about £290k max but we struggled like mad to find anywhere in Hitchin. When I compare it to the $h!thole I call home, back in Rochdale, that'd pretty much buy the whole town!
Sir Trev
30-09-11, 10:36 AM
prices in the south east or anywhere vaguely commutable to London are just ridiculous. 350k for a one bed flat!? I thought we had a healthy budget at about £290k max but we struggled like mad to find anywhere in Hitchin. When I compare it to the $h!thole I call home, back in Rochdale, that'd pretty much buy the whole town!
That budget would show up dozens of 3 bed semi-d houses in High Wycombe. 45 mins to Marylebone, easy access to the lovely Oxfordshire countryside. Are you tied to Hitchin?
DaveW_42
30-09-11, 04:42 PM
Not tied down to the area too much, but my wife works locally and my son goes to nursery down the road. While these could be changed, we do both like the herts/beds area. We've found a 4 bed place in Biggleswade, just up the road, but just need to find new sellers now.
People looking early next week according to the estate agent so fingers crossed!
DaveW_42
07-12-11, 11:59 AM
Woohoo - we've sold again, and for more than last time! People buying ours had to sell theirs and yesterday they did! 3 months and we'll be in! Well fingers crossed anyway.
Unfortunately, it's definately not going to happen before the new baby (due mid Jan) but at least it's all on again! Where's the fingers crossed smiley?
timwilky
07-12-11, 12:47 PM
big weight off your mind, but it can still go tits up.
Son had his mortgage offer withdrawn after he had signed the contract,but before completion. That was not fun.
Keeping everything crossed for you.
Shame the scots system hasn't migrated as it does work in practice!!
Hope all goes well!! You still moving to the same place?
phil24_7
08-12-11, 12:22 PM
Woo hoo, congrats, and welcome to the new life long DIY project!
myfirstsv
08-12-11, 08:33 PM
Mate I feel for you....
But there is always someone worse off, in this case me. About to go through a divorce, the house is the only asset and it's just been confirmed it has subsidence. It is 2 years to fix m
myfirstsv
08-12-11, 08:36 PM
Cont...
2 years to fix minimum cos it's down to the Council's trees surrounding the house. So my 5 bed, £400k house is worth sweet FA.
Deep joy.
DaveW_42
25-01-12, 03:18 PM
Well, not quite on a par with the post above... but am currently sat on the labour ward, no more than 2 hours away from the birth of our new baby, when I get a call from the estate agent. Our new buyers have pulled out again - this time after having signed contracts, but about a month before the exchange!
Can't really think about it now, but am f'in gutted.
sorry to hear that..focus on the kid..the rest will fall into place and good luck with the birth :)
My wife suggested I wear my crash helmet in case I fainted
missyburd
25-01-12, 05:01 PM
Blimey Dave, that's rotten luck. As pookie says, concentrate on your wee baby coming into the world, perhaps you're just not meant to move yet :)
All the best!
Dave20046
25-01-12, 05:26 PM
Well, not quite on a par with the post above... but am currently sat on the labour ward, no more than 2 hours away from the birth of our new baby, when I get a call from the estate agent. Our new buyers have pulled out again - this time after having signed contracts, but about a month before the exchange!
Can't really think about it now, but am f'in gutted.
Really, really really bad luck :(
Sorry to hear it mate. re. contracts, where does that leave you? Doubt you can 'make' them buy it because you have their signature...but surely there's some point to signing them?
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