Gransnet forums

AIBU

Buying a property in London (rant)

(27 Posts)
granjura Fri 25-Apr-14 17:26:30

Happened to DD1 and sil even 10 years ago. They had an offer accepted on a house just outside London, in Surrey. Then the owners begged them to wait for a few months, as they didn't want to move the kids mid-term- and DD1 and sil agreed to help them out as they understood re kids changing schools mid-term and had to continue renting until Christmas. Sellers then got in touch and said they were still agreed to seel, but wanted 20% more as the market had gone up significantly in the 3 months they had had to wait to help them out.

They told them to ?!?!? if you get my gist. My they then missed out on lots of houses for exactly the reasons you state- as they both worked and Estate Agents expected them to be available to view houses at the drop of a hat... which neither of them could do.

Grannyknot Fri 25-Apr-14 17:19:10

And I know I am not being unreasonable!!

The London property market at the moment is nuts. My daughter and her fiance saved their socks off and got enough together for a deposit - just when the market went absolutely mad, due I think in part to the Help to Buy scheme. She has been downright bullied by estate agents e.g. made an appointment this week to view a place in an "open house" situation next Saturday. Phone call earlier today "Can you come today?" "No, I work, and besides it would be nice if my fiance could come and see it with me". "What about Tuesday?" "No, I work and ..." "Well, we're getting offers at the asking price and we can't keep it for you".

Another estate agent told her not to waste her time with a "nonsense offer" unless they could go "up to £25,000 over the asking price"!!!

It's completely crazy and it is having a knock on effect further and further out of London.

A colleague at work bought a house, the seller pulled out of the sale citing "heart problems". The colleague lost money. Less than six months later, same house is back on the market for £50,000 more, leading my colleague to suspect that the seller had simply got greedy.

angry