HELP! We've been gazundered!!

[Uncle Buck]

If you are planning to make an offer in good faith now knowing you will gazunder in 2 months time that makes you a shit Tim.

Gareth, do not even give him the pleasure of rising to it. He has nothing better to do at present than go fishing on here.

 

[Deleted User X18H]

If you are planning to make an offer in good faith now knowing you will gazunder in 2 months time that makes you a shit Tim.

no that makes me a normal cash purchaser I am buying a home for my family though not as an investment!!!!

 

[beorhthelm]

i think you have bent over. if they are commercial, they would have known exactly how much funding they had available and could just leave it if they dont have the money. they are pulling a fast one, wait for them to try and reduce it further towards that "£10500 shortfall".

 

[Uncle Spielberg]

no that makes me a normal cash purchaser I am buying a home for my family though not as an investment!!!!

It goes both ways Tim. I am sure you have brought before. Now in a rising market, say you agreed to buy at £ 200k, if the market had gone up by 4% in the 3 months between the offer and completion did you call the estate agents and say

" I think it only fair in view of the rising property prices that I increase my offer from £ 200 to £ 208k ?.

Did you ?.

The sooner we adopt the Scottish way and eliminate this c*ntish behaviour the better.

 

[Deleted User X18H]

It goes both ways Tim. I am sure you have brought before. Now in a rising market, say you agreed to buy at £ 200k, if the market had gone up by 4% in the 3 months between the offer and completion did you call the estate agents and say

" I think it only fair in view of the rising property prices that I increase my offer from £ 200 to £ 208k ?.

Did you ?.

The sooner we adopt the Scottish way and eliminate this c*ntish behaviour the better.

Don't be ridiculous GG properties are overpriced full stop, now the bottom is falling out of the Market, for gawd sake man when prices go in to complete free fall early next year when Barclays go bust and they will!!! you will be inundated with people wanting Mortgages that the simple working man can afford.

GG there is no RRP on a property before a contact is signed/exchanged there is no legal requirement to maintain the price and only a verbal one to complete the sale it is a dog eat dog world steeply leaning to the buyer

 

[itszamora]

Don't be ridiculous GG properties are overpriced full stop, now the bottom is falling out of the Market, for gawd sake man when prices go in to complete free fall early next year when Barclays go bust and they will!!! you will be inundated with people wanting Mortgages that the simple working man can afford.

GG there is no RRP on a property before a contact is signed/exchanged there is no legal requirement to maintain the price and only a verbal one to complete the sale it is a dog eat dog world steeply leaning to the buyer

What you're saying is true and clearly it works as unfortunately seems to be happening to ELS. But it does make you a c*nt, not that that'll come as much of a surprise to anyone on here.

 

[bristolseagull]

tell them to stuff it. in fact, if you wish to piss in their cornflakes point out that a verbal agreement is binding and threaten to see them in court. they must have had the money when they made the offer, so its bollocks. remember, they will have incurred costs to get here (surveys etc) so they have more to lose than you if you are going to rent.

nothings binding until exchange i'm afraid mate, guzundering is perfectly legal.

 

[BRIGHT ON Q]

A lot has happened in 6 weeks since you agreed the fee and they know it.I suppose any business minded people will try something like this at the moment.

It is a tough decision for you but if it was me i would do what some others have suggested and meet the half way.

 

[Garage_Doors]

At the very least get the Eastate Agent to chip in, he wants the sale probally more that you do, Tell em if you have to on his advice accept a lower price from the buyer them in turn you want a reduction in his fee, i know this as a persentage will be reflected, ie his persentage on the £5'000 but tell that you mor of a commitment ie instead of his fees being £2'500 you want to pay only £1'850 seem the only not losing is the estate agent.

 

[The Merry Prankster]

One of the problems wankers like HB&B cause for people like me is that, having put in what I believe to be a reasonable bid,the vendor does not believe that I will stick to it, they assume I will come back and try and screw them, therefore they are holding out for a better offer. Didn't explain that very well but I hope you get my drift.
Karmically speaking, very bad things are going to happen to HB&B. Which is good.

 

[Deleted User X18H]

One of the problems wankers like HB&B cause for people like me is that, having put in what I believe to be a reasonable bid,the vendor does not believe that I will stick to it, they assume I will come back and try and screw them, therefore they are holding out for a better offer. Didn't explain that very well but I hope you get my drift.
Karmically speaking, very bad things are going to happen to HB&B. Which is good.

but if you feel you had made a resonable offer you have obviousley offered below the asking price so in effect you are doing exactley what i am doing remember A PROPERTY IS WORTH EXACTLY WHAT THE BUYING PARTY IS PREPARED TO PAY FOR IT.

 

[Tom Hark Preston Park]

Help! The fuckers who are buying my house have sprung an expected 'surprise' on us today, a week before exchange of contracts, saying they're having difficulty raising the deposit needed to buy our house. All this, six weeks after having their offer of £165,500 accepted.

They now want us to drop the price to £160,000. They're buy-to-let buyers and claim they've had to raise their deposit using equity on their existing properties - because of the credit crunch, their houses aren't worth as much as they'd thought, hence the £5,500 short-fall. But it doesn't half seem convenient. Surely they should've known about this weeks ago?!

They said they had a 50% deposit, but have failed to raise all that was needed - so why not just raise a slightly smaller deposit and then have a slightly larger mortgage?! It's not going to cost them much extra!!

Uncle S warned about gazundering and we had prepared ourselves, but it's still been an almighty shock.

We've already dropped the price from £200K to get the sale - so an extra £5.5K takes the total drop to 20%! We can't afford to drop it that much! What do we do?! HELP!

.

Call their bluff unless you really need to move. Face it, 5K is neither here nor there to either party. They sound like amateur chancers. If you can afford to do so, tell them to f*** off. Else take all the door handles, light fittings etc. Petty for sure. But then again you seem to be in negotiations with scheisters with no class. So make sure you f*** 'em up, one way or t'other

 

[Uncle C]

remember A PROPERTY IS WORTH EXACTLY WHAT THE BUYING PARTY IS PREPARED TO PAY FOR IT.

You really are a condescending little shit arn't you.

 

[Deleted User X18H]

You really are a condescending little shit arn't you.

Yeah yeah if you like, you said you were ignoring me so just ingore me!!!!

 

[Uncle C]

So how exactly is someone who was recently sacked, possibly for being crap at his job, going to get a mortgage to buy this family house you keep boasting about.

 

[Uncle C]

just ingore me!!!!

Why dont you do something useful and attend dyslexia classes?

 

[Deleted User X18H]

Why dont you do something useful and attend dyslexia classes?

I don't need to ..........I've already got it.

 

[Deleted User X18H]

So how exactly is someone who was recently sacked, possibly for being crap at his job, going to get a mortgage to buy this family house you keep boasting about.

I do not and will not need mortgage to buy a property in Brighton within six months ................!!

If want me to spell it out myself and the wife both sold properties a year or so ago at the height of the Brighton (Hove) boom, properties we bought in the mid 1990's.

 

[Uncle C]

..........

 

[Uncle C]

I do not and will not need mortgage to buy a property in Brighton within six months ................!!

If want me to spell it out myself and the wife both sold properties a year or so ago at the height of the Brighton (Hove) boom, properties we bought in the mid 1990's.

Lucky you did that what with getting sacked and all.