Friday just gone marked three weeks since we were due to complete, but didn't, then moved in anyway. I know what you're thinking - do we own the house we are knocking the shit out of yet? No!
First, a quick update on what went wrong, then some more woe. We didn't complete on time as four months wasn't enough time for the dim-wits buying Karen's house to sort out their act. They then went on holiday for the two weeks before the agreed completion date and came home the day before we should have moved to find that their mortgage offer had expired. Completion couldn't happen but we moved in to our house anyway and live there now under a Licence to Occupy.
Our Buyers have since been sorting out a mortgage with another company. This week they finally got an offer, but with a condition. The survey they had done for this new mortgage reported suspected damp. The mortgage company then dropped the "value" of the house by 3k. Our solicitor suspects this is simply a retention, meaning that they can get the extra 3k on their mortgage once they've sorted the problems. Either way, the problem is squarely on the buyers side. They simply need to raise this cash, buy the house, sort the damp and get the money back from the mortgage company. That's why we were shocked to get a phone call from our Estate Agent, of all people, to tell us the Buyers wanted to lower their offer price by 3 thousand pounds. It was Karen who took the call and I'm glad I wasn't there when she did. She then called me in a state of fury. Anger that I share with her. I can't believe the cheek of these people. After everything they've put us through they then throw this at us. There's no need for me to say we outright refused to lower the price. A decision that the Estate Agent (a brilliant lady!) backed us up on. In her own words this is a ridiculous situation and one she'd never seen anything like before. Her advice and probably our best bet is to give them one last chance. Either they raise the cash by Friday coming and get this mess to completion or the house goes back on the market. Already this is being too kind to them.
One of the most annoying aspects of the Buyers is not their stupidity, but their arrogance. They had the nerve to become irate with Karen on the phone recently and claim that "We're doing everything we can!", which quite obviously they are not. The trouble with them is that they trust what "professionals" tell them. If their financial advisor tells them it takes four weeks to arrange a mortgage (which he did!) they believe him and don't lift a finger in all that time to try and speed things on.
Also annoying me is the fact that the Buyers have not once apologised for any of this. As far as they are concerned I would imagine they see themselves as blameless and we are simply pests for ringing them every other day. If they were inclined to say sorry once in a while I would have more time for them and simply put it all down to their simplicity. As I've said before - don't sell to people you suspect to be stupid.
Our Sellers were back this week to collect the last of their stuff. We were hoping it wouldn't still be their house when they did return, but they didn't seem that bothered about what we'd been doing. We did however talk to them about paying rent if this dragged on any longer and the house had to go back on the market. They are losing a considerable amount of money in interest while they wait for the cash.
With the Sellers here we took the chance to apologise once more. We also bought them an expensive bottle of whiskey as a way of showing our gratitude. It is only that this couple are so nice and so understaning that I manage to regain faith in the human race...