Jump to content
House Price Crash Forum
Sign in to follow this  
libitina

Diddled?

Recommended Posts

Author  Topic:  Diddled by our buyers. 

victim100

Member  posted 20 August 2005 07:19 PM           

--------------------------------------------------------------------------------

The people buying our house have now asked that we drop the price. We had originally taken much less than planned from them in the initial offer. Surveys have been done on our house and the one we are buying and have come up fine. They say that two loose roof tiles entitle them to an £8000 reduction. Funnily enough that's about the same amount it would cost them to build the extension on the back of our house they were talking about. They are in rented accomodation and have us over a barrel. My wife is losing her job in a couple of months, and pregnant so not able to work for some time after, so nbo chance of saving a bit more in the meantime. For us this means, moving into a house needing modernisation, but not being able to afford to modernise it! We have reluctantly agreed to their offer which they say is final, but put our house back on the market. We were expecting to move in about 4-6 weeks and are now having to consider the fact we might have to start again. Any advice would be GREATLY appreciated.

fgolding

Member  posted 21 August 2005 09:25 PM           

--------------------------------------------------------------------------------

quote:

--------------------------------------------------------------------------------

Originally posted by victim100:

Surveys have been done on our house and the one we are buying and have come up fine. They say that two loose roof tiles entitle them to an £8000 reduction. Funnily enough that's about the same amount it would cost them to build the extension on the back of our house they were talking about. They are in rented accomodation and have us over a barrel.

--------------------------------------------------------------------------------

They may not be in as strong a position as you think. They have also spent money on surveys & solicitors which they will lose if they have to pull out. Also if they are in rented accomodation - I presume they would also have to give their Landlord at least 1 months notice, and the Landlord may have a new tennat, or force them to take a new 6 months tenancy if they don't move out.

You should try and compromise - meet them half way - £4,000 and/or call thier bluff.

http://www.houseweb.co.uk/house/forum/Foru...TML/000025.html

Shame! :rolleyes:

Share this post


Link to post
Share on other sites

Another seller discovering the true meaning of Sold Subject To Contract.

Why didn't they try harder to pass the gazunderage up the chain?

And what of the (now failed) buyer's survey costs? Written off. But not for long, as we're not far off the introduction of the new regs where the seller has to commision a survey and put together a home buyers pack. From that point on gazundering will become a whole lot easier.

Not that I condone gazundering mind you :D

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 341 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.