Oh and estate and letting agents in general
All sounds like classic WHU taking a shit after the pot's rolled down the road, but we've come this far, might aswell go all out and embarrass ourselves properly.
https://twitter.com/Sam_InkersoleTM/status/1146862540758179842
https://twitter.com/ExWHUemployee/status/1146861407645949952
What even is this? https://www.rightmove.co.uk/properties/112075982
“The vendors are in receipt of an offer of £565,000 which has currently been accepted. If you wish to put in a higher offer before exchange of contracts please contact the office.”
So last week the missus and I went sale agreed on a house. We were excited. Started planning what we could do. Where we could put this or that furniture.
What was better was our house still had offers coming in and two bidders were going at it. Things were looking good.
This week the owners of the home we were planning to buy have come back asking for more money.
The estate agent is not happy about it. We aren't happy. Apparently they went sale agreed with us; but need like 20 grand more than we offered to buy the property they're after.
I made it fairly clear to the estate agent that this is not on. And a pretty shitty thing to do.
I was fine knowing sale agreed can fall through for random issues maybe the house burns down, maybe the surveyor finds some burst pipes you know. But for this kind of nonsense, nah that's shit.
That and now we have to try and find another house. The estate agent has told us to wait and see if they can work out a deal on this other property. But I'm doubtful that will happen.
I know I don't have any recourse as no contracts were signed or anything. Just a bit gutting and wanted to rant.
Bit of Background, first-time buyer on a Flat, seller has no chain (Inherited a house) and is ready to go ASAP, as am I.
Offer accepted mortgage applied for.. hit some snags in the valuation but a month after my offer being accepted I've now got my Mortgage offer and the solicitor can begin with whatever they need to do to actually complete on the purchase, given an ETA of about 6 weeks before this will all be wrapped up.
Now, I am a CLASSIC overthinker, and to be honest, I'd been worried about so many other things during this purchase that I didn't even give a 2nd thought to the whole Gazumping, I've read plenty of horror stories online but I didn't have enough energy in me to worry about it. Now I'm in a position where I feel like really the only thing that can go wrong at this point is being randomly Gazumped at the last minute. My question is, should I really be that worried about it at this stage?
I know Theoretically, it can happen at any point before the purchase is legally binding. The property went on and off the market pretty quick, I offered very close to the asking price and the seller could see I was a keen FTB and decided to accept. I feel like realistically unless a cash buyer jumps in and offers them 10-15k over the asking price or something, it's just not going to make any logical sense for them to accept another offer, because I only offered a couple Grand under the asking price anyway.
Should I just stop worrying about this and start being happy for myself? Should I try and seek any assurances from the seller or anything? Like I said I do like to overthink things a lot and I'm just worried because this property is so perfect for me, and outside of a crazy over the top Cash buyer coming in and paying way too much for it, it wouldn't make any sense for them to accept an offer of a couple Grand more and have to start this process all over again anyway, considering we both have no chain and are both looking to wrap-up asap.
Sorry for rambling.. cheers!
