Reducing offer price at last minute before exchange

kriss_boy

Its actually quite cringeworthy listening to the rationale of someone who is about to happily screw someone over.

Stating that your not willing to 'pay an extra 5K or 10K to be a moral nice guy' but that was the very sum you offered for the property in the first place.

I think it would easy to call you all the names under the sun but the reality is your clearly just ignorant to the impact youre having on peoples lives. This isnt a game, your not negociating the price of a 5 year old ford mondeo, its somebodys livelyhood.

lowest of the low.

bristol_pilot

It's not a question of being a 'moral nice guy'. If you conduct yourself in a caddish manner in business, it will come back to bite you. The OP is young and still living with parents - he obviously is not sufficiently experienced in business to have realised this yet. Business is all about trust and building relationships and if you behave like a c0ck no-one will do business with you. The OP simply has NO IDEA how badly this will reflect on his character.

mike5678

bristol_pilot wrote: »

It's not a question of being a 'moral nice guy'. If you conduct yourself in a caddish manner in business, it will come back to bite you. The OP is young and still living with parents - he obviously is not sufficiently experienced in business to have realised this yet. Business is all about trust and building relationships and if you behave like a c0ck no-one will do business with you. The OP simply has NO IDEA how badly this will reflect on his character.

I don't need a working business relationship with these people, it is one transaction, I do not require any repeat business. It doesn't bother me in the slightest if some strangers who I will never meet think I am a complete t***. I also am not interested in whether they will struggle to pay for their next holiday because they received less than expected on their house sale. What I do care about is extra money in my pocket.

bristol_pilot

If people you do business with find out you have behaved in this way then it will reflect on your professional life. If I found out that someone I was interviewing, for example, had done this they would be unlikely to get the job. It's like cheating at cards - just marks you out as untrustworthy. You are clearly too young to have realised this yet. Even if you manage to keep this a secret, people have a way of picking up on dishonesty and it will cost you dearly over the course of your future life.

kriss_boy

mike5678 wrote: »

I don't need a working business relationship with these people, it is one transaction, I do not require any repeat business. It doesn't bother me in the slightest if some strangers who I will never meet think I am a complete t***. I also am not interested in whether they will struggle to pay for their next holiday because they received less than expected on their house sale. What I do care about is extra money in my pocket.

Will I guess if you can admit youre an idiot then theres nothing much more people can say to change your mind.

No moral fibre whatsoever. How come your still living at home at 24 with all that deposit saved up? Not managed to meet the right girl yet?

chickmug

Could mike5678 be a Troll:eek:

mike5678

lol, im not a troll, I'm a normal person and I'm not baiting anyone here. I just don't understand why people are getting so heated about the fact that I don't care about strangers who have no bearing on my life whatsoever. Are you telling me you care more about some strangers who you will never meet than you do your own welfare?

Amanita_2

mike5678 wrote: »

lol, im not a troll, I'm a normal person and I'm not baiting anyone here. I just don't understand why people are getting so heated about the fact that I don't care about strangers who have no bearing on my life whatsoever. Are you telling me you care more about some strangers who you will never meet than you do your own welfare?

Well Mike all I will say is that I have a son about your age. If he proposed behaving like you are I would be deeply ashamed.

nearlynew

Exactly mike.

You could argue that the vendors are trying to screw you over by charging more than the house is worth.

Time is on your side. Keep saving and see my sig.

good luck to you

ShelleyC_2

mike5678 wrote: »

lol, im not a troll, I'm a normal person and I'm not baiting anyone here. I just don't understand why people are getting so heated about the fact that I don't care about strangers who have no bearing on my life whatsoever. Are you telling me you care more about some strangers who you will never meet than you do your own welfare?

I agree totally with your sentiment when making an offer. The point is you agreed to this price and have changed your mind not on the basis of a low valuation from your lender / new facts regarding the lease or even hard evidence that the house is worth less but because you think you may get it cheaper.

I'm all for getting the house as cheapily as you can but some of your comments suggest you realise the pressure of being a way down the line with a chain causing pressure may mean the vendors accept this now when they wouldn't have before.

This just seems a bit unsavoury. But ultimately you'll potentially pay less or lose the house which you don't seem that set on. If you can sleep with those outcomes then go for it.