Sale and resale of house - reasons?

[camille79]

Last year, I put an offer in on a house and was disappointed when I lost out to a much higher bidder (this is in Scotland where the system is sealed bids at closing dates).  I recently checked to see how much the house went for and was surprised that it was resold 2 months after the initial purchase for �20000 less.  I had the house surveyed before bidding and nothing major was highlighted so I am assuming it was not due to a structural problem.  So, what othre reasons could there be for this situation?

It shouldn't bother me but I'm just curious (especially as my bid was higher than the resale price!)

[Gill 05]

Maybe the other bidder couldn't come up with the finances needed and pulled out?