Hi just found this forum, need to vent frustration. We are first time buyers, in surrey where prices have gone crazy, got no chain, big deposit, ready to move. BUT We got gazumped a few days ago, gutted, shocked, and really annoyed. To give you a little background; after ALOT of searching, realising there is nothing out there, finally a property came back onto market, we rushed to see it in five mins, offered asking price straight away, were given impression they needed chain free buyer ASAP to fill broken chain made by previous buyer dropping out (he had been waiting few months and got fed up apparently), so spent all week in constant contact with estate agent, did second viewing, paid solicitor, arranged mortgage, arranged surveys, everything was sorted, then one week on got call from EA to say they needed 20k more to push up the chain and if we can't provide it they would re advertise. another five mins later called to inform us they had now found a buyer offering 20k more,can we match it? No? Nevermind, here look at this other house you may like, and then never heard from them again.
SO the explanation was that the seller buying privately on the same road, the person they are buying fom moving into a new build, and that builder has now demanded 20k more. So for some reason person at bottom of chain has to foot the bill???? Does this make sense? And straight away they found someone? And basically the fact we were chain free, ready to go, didn't matter at all? am totally gutted, house was perfect, unlikely to get anything like that in this area even for 500k and unfortunately no way we can push to 20k more plus 4% stamp duty. Feel cheated. :angry: