New build, Devalued, Vendor not coming down to new offer.. Any advise?

dunstonh

Remember that buying a house is a decision you need to make with your head. Not your heart. It can also be like a game of poker sometimes where you make an offer or get a counter offer. You need to know when to accept and when to fold.

If you let your heart make the decisions, it can be costly.

jimjames

nisha.p wrote: »

Thank you all so much for your responses. i do like this property a lot, its closeness to the station, size, newness.. but after the valuation i did feel that i had offered too much. But I guess i will have to walk away, the commercial property is a nursery so i was a bit afraid of its saleability in say 5 years time.

Thanks to all. !

Walk away. You never know what might happen, it is entirely possible that they could reconsider in the light of having a guaranteed buyer like you. A house sat on the market for another 2 years may cost them more than £35k

holly_hobby

Well Nisha, if the Vendor does not see sense and will not budge on the price - its his unhappy loss.

If that happens, you have made the right and most sensible decision to walk away from this one - it isn't for you.

But take heart that right now there is a beautiful little place, just waiting for you to find her ... and you will ... and when you do you will breathe one sigh of relief, remember this thread, and think with a smile of satisfaction of what could have been ...

Good luck with the house hunting ....

Holly x

Thrugelmir

Ms_Scarlett wrote: »

Of course the EA is going to back him up, and especially if they can smell your fear at losing it because you love it so much.

The EA may have their own views on the property. They merely represent the vendor. No sale no commission!