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Reducing offer price at last minute before exchange

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Comments

  • tek-monkey
    tek-monkey Posts: 1,434 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Those worms are ****, none of my reptiles would eat them :(
  • ILW
    ILW Posts: 18,333 Forumite
    tek-monkey wrote: »
    Those worms are ****, none of my reptiles would eat them :(
    Thats no way to talk about your children
  • tek-monkey
    tek-monkey Posts: 1,434 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You aint met them :D
  • Grovester_2
    Grovester_2 Posts: 123 Forumite
    Part of the Furniture 100 Posts
    Blacksheep1979 wrote: »
    erm this seems to suggest that you think accepting a higher price (gazumping) is ok or somehow different to gazundering.


    You said

    Blacksheep1979 wrote: »
    I love the way (and I'm not saying everyone is in this camp) that the people who would be happy to accept a higher offer on their property if it came along are the ones saying how immoral gazzundering is.


    So from this point the higher offer I assume is at the start of the process. Hence my post.

    Grovester wrote: »
    Accepting a higher offer on your property is different to agreeing a price and then threatening to break the chain close to exchange unless you get x thousands off.

    Why would you agree to buy an unrealisticly priced house? Your logic is floored here. The OP agreed a price, the lender agreed the value. In your words people are buying unrealistly priced houses, well they're not as they wouldn't be able to borrow against them.



    I.e. accepting a higher offer from the start of the transaction. Not changing the price near the end. Glad we cleared that one up.
  • silvercar
    silvercar Posts: 49,581 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    bluejake wrote:
    I am yet to hear one of these moral people say that the price of their house has tripled but they are only going to ask for the price they paid plus inflation so as not to cripple the next generation of FTBs with debt.

    That people on here, a moneysaving site, ....

    Please explain how selling your house for a third of its value is worthy of a moneysaving site.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • ognum
    ognum Posts: 4,879 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I have now understood that this is simply an arguement not worth haveing with anyone. No one will alter the others opinion.
    Either you believe you have a moral contract and you would not accept a gazunder or a gazump and you would not do either to someone else or you do not believe this.
    Its that simple, you have to live with yourself.
  • dfh
    dfh Posts: 1,073 Forumite
    silvercar wrote: »
    Please explain how selling your house for a third of its value is worthy of a moneysaving site.

    That is because house prices are grossly inflated and they are actually worth about a third of their prices.Hence,the OP is paying the correct price for the house.
  • dfh
    dfh Posts: 1,073 Forumite
    lelole wrote: »
    No silence, just thought the point had already been made - that most people (me included) who don't agree with one don't agree with the other.

    I would never take part in either tactic, and luckily for me (and I hope it stays that way) I have not had to yet deal with anyone who has done either to me.

    Leah

    Yeah,everything is perfect in your ideal little world.Little miss goody two shoes.
  • pawpurrs
    pawpurrs Posts: 3,910 Forumite
    1,000 Posts Combo Breaker
    That may well be true, but who will sell at that price? They wont be able to buy on. Its not the fault of buyers who bought ten years ago or more and have stayed in their homes for HPI for gawds sake!
    Pawpurrs x ;)
  • dfh
    dfh Posts: 1,073 Forumite
    http://news.bbc.co.uk/1/hi/business/8178214.stm

    House prices will fall further this year and the year after that,untill they reach affordable levels.
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