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My wife and I were in the process of buying a house when the seller decided 2 weeks before the agreed date for exchanging contracts that the sale process was too stressful and pulled the house off the market.With surveyors costs,legal costs,mortgage set up fees,search fees etc.it has left us spending around £1800 for absolutely nothing.I found out a couple of days ago this seller had done exactly the same thing before (again 2 weeks before exchange date and with the same excuse).This practice should be logged on a register which flags up this kind of activity IMO.What was the point of paying for coal board,local government,land searches etc. whilst being unaware there was an increased risk of this happening ?.Apparently the would be seller is entitled to do this even in the 11th hour of the sale process.They have no legal obligation to reimburse the buyer for any of their costs.Surely this process needs looking at?.Apart from the huge amounts of time we invested in this phantom purchase,along with the stress it has caused us,we really are not in a position to lose this kind of money.Especially as there is currently nothing to prevent us being victims of this practice again.
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Really hope something can be done, and hope you can somehow recoup your losses.
I doubt they could turn it down, even if they wanted to. If an employee turns them down, they'll go to their manager. If the person in charge of a branch tells his staff not to deal with that customer, it'll just be reported to head office by the guy in question. And they're not gonna see it the same way
Nin wrote:
> Not going to happen. Estate Agents are hardly going to turn down
> business.
A suggestion only - however one seller is hardly going to give them enough to retire on by way of commission is it :)
> Not going to happen. Estate Agents are hardly going to turn down
> business.
A suggestion only - however one seller is hardly going to give them enough to retire on by way of commission is it :)
Dragonlance wrote:
> Maybe the local estate agents could refuse their
> custom in the future - but that still doesn't help you :)
Not going to happen. Estate Agents are hardly going to turn down business.
I would look into legal action but that'd probably cost you more.
> Maybe the local estate agents could refuse their
> custom in the future - but that still doesn't help you :)
Not going to happen. Estate Agents are hardly going to turn down business.
I would look into legal action but that'd probably cost you more.
pete_21 wrote:
> My wife and I were in the process of buying a house when the
> seller decided 2 weeks before the agreed date for exchanging
> contracts that the sale process was too stressful and pulled the
> house off the market.With surveyors costs,legal costs,mortgage
> set up fees,search fees etc.it has left us spending around
> £1800 for absolutely nothing.I found out a couple of days
> ago this seller had done exactly the same thing before (again 2
> weeks before exchange date and with the same excuse)....
I don't know what to say to you, but you have my deepest sympathy for you present predicament. Surely something must be able to be done to prevent this 'seller' repeating their trick a third time. It's beyond me to see what they've gained from such a despicable act. Maybe the local estate agents could refuse their custom in the future - but that still doesn't help you :)
> My wife and I were in the process of buying a house when the
> seller decided 2 weeks before the agreed date for exchanging
> contracts that the sale process was too stressful and pulled the
> house off the market.With surveyors costs,legal costs,mortgage
> set up fees,search fees etc.it has left us spending around
> £1800 for absolutely nothing.I found out a couple of days
> ago this seller had done exactly the same thing before (again 2
> weeks before exchange date and with the same excuse)....
I don't know what to say to you, but you have my deepest sympathy for you present predicament. Surely something must be able to be done to prevent this 'seller' repeating their trick a third time. It's beyond me to see what they've gained from such a despicable act. Maybe the local estate agents could refuse their custom in the future - but that still doesn't help you :)
My wife and I were in the process of buying a house when the seller decided 2 weeks before the agreed date for exchanging contracts that the sale process was too stressful and pulled the house off the market.With surveyors costs,legal costs,mortgage set up fees,search fees etc.it has left us spending around £1800 for absolutely nothing.I found out a couple of days ago this seller had done exactly the same thing before (again 2 weeks before exchange date and with the same excuse).This practice should be logged on a register which flags up this kind of activity IMO.What was the point of paying for coal board,local government,land searches etc. whilst being unaware there was an increased risk of this happening ?.Apparently the would be seller is entitled to do this even in the 11th hour of the sale process.They have no legal obligation to reimburse the buyer for any of their costs.Surely this process needs looking at?.Apart from the huge amounts of time we invested in this phantom purchase,along with the stress it has caused us,we really are not in a position to lose this kind of money.Especially as there is currently nothing to prevent us being victims of this practice again.
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