House buyer drops out - this is the fifth time!

I'm so terribly, terribly sorry Luckygirl. Did they give a reason?

So sorry Luckygirl the most stressful time.
It is why I am now staying put.
Hard on my family I know but they are younger and there are 3 of them to shoulder the burden and they will reap the reward.
Good luck with it all and try to enjoy Christmas first.

There was a tiny chain - just my buyers, who themselves had a cash buyer - their buyer dropped out today because work was needed on my buyers' cottage, and even though they dropped the price by £20k they still backed out. It is a minefield out there in the housing market at the moment. I am going to sleep on it and decide what to do. I am desperate to leave this place and its unhappy memories and go back where all my friends are.

Oh Luckygirl how horrible for you.

have you considered renting yourhouse ? If you needthe money for your new place can you get a buyto let mortgage on it and use the rent to pay for your new home .Might be a solution after all the let downs.We have been let down 3 times and we have decided to stay put for now but will consider renting this houseif we find somewhere else before it sells .Good luck with it all,its given mt nightmares and I haven't gone through the awful situation you have .

I really feel for you. What a year, I hope you can get some rest and your EA can phone around interested parties tomorrow, I think they finish Christmas eve morning. Sending positive thoughts.

Luckygirl I am so sorry. It’s awful when that happens. Al I can say is persevere. You will get there in the end and it will be worth it.

Thank you.

I am just gritting my teeth and bashing on - it matters so much to me to be gone from this place full of sad memories and to be back with all my friends.

It is hard to believe that this could happen to me five times. Lots of support from my lovely girls, so I have to count my blessings.

I'm sorry this has happened. This buying and selling business is such a lottery.

I am sorry to hear this luckygirl. It will be of no comfort to you but my family has had experience of this sort of thing as well. Mortgage lenders are being hyper cautious just now too. However, five times is hard to take. No wonder you are scunnered.

Oh rude words, lucky!! I'm so sorry!!

Taking on board paddy's point. Could you rent your house and rent at the other end?

I am sorry Luckygirl what a nightmare this year has been for you.

So sorry to hear this luckygirl. Moving house is terribly stressful at the best of times and now we have Covid and you have had a nightmare year.

Thank you for kind words - and especially for rude words!

When I messaged my DDs about it yesterday, one of them came back with a torrent of unrepeatable abuse towards the buyer who let me down. I did not know my ladylike DD even knew such language! But she said everything that I was far too polite to say!

Oh Luckygirl how desperately annoying and upsetting for you. I'm so sorry to hear this. Surely the market will pick up soon. Could someone or some organisation offer a bridging loan at all?

You obviously have a desirable house to sell if you have had 5 potential buyers Luckygirl. Can you have a long and constructive chat with the estate agent about the profile of the desirable type of purchaser?

Luckygirl have you considered auctioning it? I am a fan of "Homes under the Hammer" and although most have seen better days there should not be a problem provided you put a decent reserve on it. You must have somewhere to live and more importantly store your furniture because you have to be out within 28 days. Maybe something to consider?

It happened to me three times so I sympathise greatly. I took the house off the market for a while and tried again successfully. I think you have been very unlucky as it sounds like you have a good property to sell.

Thank you for all the suggestions - I will mull them over.

I have considered a bridging loan, but financial advisor said it would be unwise in my circumstances.

My bungalow is very desirable and there has been a lot of interest. It is just that lower down the chain people drop out, or mortgage companies withdraw offers etc. .....all out of my control completely.

I am so sorry Luckygirl its the most horrible frustrating process ever. We luckily have just got there after 15months and three buyers. I do hope you get some better luck very soon. {flowers]

!!!

Oh Luckygirl I am sorry. 2021 has got to be an improvement!

So sorry to hear your news, we have all been there and it is so frustrating and disappointing. I send all my sympathy. I suspect the problems may get worse, sadly, as mortgage lenders are getting nervous about valuations. It is small consolation, but the couple who wanted your house and had gone as far as discussing curtains, must also be gutted. Maybe they will get another buyer and come back?

Oh Lucky I'm so sorry to hear that. House selling is so fraught with difficulty at the best of times, without Covid and a strange Christmas to add to the mix. It just about puts the lid on it, doesn't it? I've moved around five times and it's always a worry - many of us could write a book about our experiences, I'm sure. for you. Remember, chin up lass, it can only get better.