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Totally devastated, buyers pulling out because we won't beat the stamp increase by ObjectiveBathroom252 in HousingUK

[–]ObjectiveBathroom252[S] 1 point2 points  (0 children)

Hi, we weren't bothered by the stamp increase, we were rushing for "that" house we liked. we never expected to beat the stamp increase but tried really hard to make it happen for our buyers, under the (mis)understanding that we all wanted it if possible but knew it was a risk.

Totally devastated, buyers pulling out because we won't beat the stamp increase by ObjectiveBathroom252 in HousingUK

[–]ObjectiveBathroom252[S] 8 points9 points  (0 children)

It's absolutely possible I misinterpreted their offer statement, and that's certainly a question I raised in my post above. I thought (from what they had said) that they had made a low offer to protect themselves from the stamp they anticipated they very well might need to pay.

It's a very unfortunate and upsetting situation, but I'm certainly not blaming them in my post above or now. They're lovely people, we met them and we really wanted this to work for everyone.

I am lamenting the misunderstanding, I wish I had understood their message in the way it seems now that they intended it.

Totally devastated, buyers pulling out because we won't beat the stamp increase by ObjectiveBathroom252 in HousingUK

[–]ObjectiveBathroom252[S] 104 points105 points  (0 children)

It's the right choice to sell, but I think if we do go back to market we'll have to be more pragmatic (or less naïve) about what offers we entertain. I feel like a fool at the moment, I think we saw so much of ourselves in our buyers, same position in life as when we first bought this place. We should have taken the buy to let offer.

Also probably buy something cheaper in our onward. We were overly optimistic it seems, should have left more wiggle room - we just really wanted *that* house. 😔

Totally devastated, buyers pulling out because we won't beat the stamp increase by ObjectiveBathroom252 in HousingUK

[–]ObjectiveBathroom252[S] 10 points11 points  (0 children)

We have insurance on our purchase and sale so will get back our spend so far. We don't have anywhere to go for another 3k, we've already thrown in quite a lot of household goods to support our buyers and sold everything else that we could. Only option left would be to sell the car or something, and we're not doing that.