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Buying - when is it too late to re-negotiate the price?

2

Comments

  • sunshinetours
    sunshinetours Posts: 2,854 Forumite
    Go and view it as others have said - no point wondering "what if" which you will if you buy this one without seeing the other one. Its your money at the end of the day. Just make sure the agents is informed that you want it confidentially done so your current vendor doesn't find out until you have decided

    Any previous sale price info on both properties??
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    1st floor, 5th floor

    How often have the lifts broke down.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Ask to see the HIPs of each and check the length of the leases.
  • pimento
    pimento Posts: 6,243 Forumite
    Part of the Furniture 1,000 Posts
    Buying property is a business transcation. Think what you could do with that extra money.
    "If you think it's expensive to hire a professional to do the job, wait until you hire an amateur." -- Red Adair
  • kriss_boy
    kriss_boy Posts: 2,131 Forumite
    pimento wrote: »
    Buying property is a business transcation. Think what you could do with that extra money.

    Hardly. Its messing with peoples lives.

    If the OP can afford 197K and saw fit to offer it having saw the first property then how can you justify him screwing over someone else to save a few quid?

    Its immoral but many people lack those basic morals.
  • pimento
    pimento Posts: 6,243 Forumite
    Part of the Furniture 1,000 Posts
    edited 2 March 2010 at 8:31PM
    It's a little bit more than a few quid. Don't blame the buyer, blame the system that lets the buyer change their mind until exchange of contracts.

    If it were me, it would spoil my new flat knowing I could have bought the one downstairs for £12k less. That's a lot of money to anyone.
    "If you think it's expensive to hire a professional to do the job, wait until you hire an amateur." -- Red Adair
  • timmyt
    timmyt Posts: 1,628 Forumite
    buy the other flat as you have no grounds to say your seller is asking too much. one comparable is not enough, not least because ...you were prepared to pay.

    you may annoy the seller and he puts the flat back on the market.

    it is a seller's market now, so few properties coming on.

    good luck OP
    My posts are just my opinions and are not offered as legal advice - though I consider them darn fine opinions none the less.:cool2:

    My bad spelling...well I rush type these opinions on my own time, so sorry, but they are free.:o
  • lellow_lorry
    lellow_lorry Posts: 175 Forumite
    By all means compare.....how many people have taken a piece of clothing back to the shop...and bought something else. The principles are the same but on a larger scale. What i would say is if you are uncertain, make your decisions so as not to cost the seller any further costs if possible as this would be knowingly unfair. You would not like it yourself to lose out, but.....even the seller if they were in your shoes would(if in sane mind) accept that if its not right for you then move on......with the apologies of course.
  • mwahaha
    mwahaha Posts: 39 Forumite
    I agree with G_M - find out the lease lengths and put it into the extension calculator at http://www.lease-advice.org/calc/ . The estate agents 12k would very likely correspond to roughly 70 years left on lease on the cheaper property.
  • redlady_1
    redlady_1 Posts: 1,601 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Were you happy with the price you paid? The valuation came back at £197k. So just get on with living in it and stop looking around.
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