So much for moving....

[Gadget-UK]

Well got informed last night that the seller (whose house we were buying) has decided to accept a MUCH higher offer and has now rejected our
I think the term is “Gazumped”

Took us 2 years to find a place that ticked all the boxes and suitable for the wife (due to illness) and within budget.
half the house boxed up and back to square one

Unfortunately we were only a couple of days away from signing the contracts (this Monday) so nothing we can do.
Not just to cancelled move but its the costs that all go down the drain with it

Not a happy household at the moment

 

[pittswood]

Hi Colin,
you should have got a lock out agreement. It stops the seller from accepting another offer.
Kelvin

 

[Penpal]

REgrets Colin feel for you both,trust you bounce back OK.

Kind regards Peter.

 

[Cumbrian Craig]

Sorry to hear that Colin. Hope it all works out for the best

Regards

Craig

 

[fortress]

That is a bummer Colin, I'm so sorry for you all.

 

[Vic Perrin]

Sad news Colin

 

[Gadget-UK]

Hi Colin,
you should have got a lock out agreement. It stops the seller from accepting another offer.
Kelvin

We didn't know about that until OUR agent told us about it AFTER the seller pulled out Kelvin.
To say I was "Slightly" annoyed with him is a little bit of an understatement.
To date we have lost about £2400 with all the costs etc involved.

Think the wife has had enough at this point and has decided shelving the move for the foreseeable future

 

[Unique]

Hi Colin every sympathy with you - it seems that 'let downs' in the English housing market are pretty common.
We've been let down three times in different ways during then past two and a half years and have now decided not to sell as it's not worth the hassle.
There's a lot to be said for the processes adopted elsewhere e.g. Scotland and much of Europe where a sizeable deposit is made at the point of commitment and people withdraw at their peril.

All the best with the next steps
Tony

 

[Dalboy]

Sorry to hear that, let's hope the other person pulls out and the seller then is up the creek if they come back you want to say OK but at a lower price than we first agreed then see them squirm

 

[Bucks]

I’m gutted for you mate.

 

[silver]

That is really crap for you mate.

Lock out clauses are not used often but I believe we should adopt the same law that Scotland brought in and stopped the gazumping.

 

[KevinMc]

The French and the Scottish model should be adopted everywhere.

While it adds time pressure it stops all this caper.

There are no winners in all this and maybe it’s for a reason.

Kevin

 

[Phil Dart]

That is a shocking state of affairs Colin - I'm truly sorry for you. You have more rights as a consumer when you buy a bag of nails in B&Q than you do when you try to buy a house in England. It's an appalling state of affairs, and the greed of your vendor bears no thought whatsoever for the expense you have incurred or the emotional upset involved.

It's a little more secure in Scotland, but it's a myth that once offered, you're bound. An offer is legally binding, but it always contains caveats on both the offer and the acceptance, so until the caveats are dismissed or agreed one by one, by negotiation, there is still the opportunity to pull out on either side. Once they are agreed, the missives as they're called, are said to be concluded, which is the same as exchanging contracts in England. But until then, a clever solicitor will always build in a few curve balls to get out by, on both sides of the bargain.

I hope your luck looks up Colin.

 

[wm460]

What a bugger, I am very sorry to hear this Colin.

 

[sammy]

You have my sympathy Colin, how these people can sleep at night is beyond me. Shame on them.
George

 

[Gadget-UK]

I think my wife has resigned herself to staying in this house.
It has upset her far more than me, we need a Bungalow as my wife has Emphasema (sp?) and it gets worse in the winter, she is now talking about getting a stair lift rather than move
She said, less drama, less hassle and less cost

Oh well, life goes on and I will do what adaptions I can to make life better for us both.
On a plus note, the neighbours are pleased... God knows why as I told them I never liked them and was really looking forward to moving away from them all.....They all thought I was joking