Offer accepted, but want to reoffer at lower rate!

joAnn

Hi All.
Thanks for the replies. Just to clarify, we are taking so long as we moved to Australia at the time we were invited to make an offer. It is a private sale, no agents involved, but the vendors did obtain 3 valuations. We needed to find a mortgage suitable for expats and then provide 6 months of pay slips and bank statements etc which bought us to December. Also, our advisor in the UK is incredibly slow, so along with taking into account the time differences and limitations in being able to chase her, it has been a painfully long process!
We offered 6k under the asking price and were aware of the short lease, but as I am also joint freeholder, my lease is short too, so we really need to extend them both and to do it at the same time is more cost effective. We are considering asking to renegotiate our offer as we are getting a bit suspicious that they didn't remarket and having not seen the estate agents valuations are concerned we perhaps offered too much in the first place, just didnt want to lose the opportunity. Also, looking the house prices in the area, think it is a little more than most. We know they are keen to sell to us as we are not in a chain (though the length of time the mortgage is taking would match a chain!) and of course they avoid agents fees.
Thanks for your comments, we are not trying to shaft anyone, just that it's a lot of money and want to pay a realistic price! Will wait for the mortgage valuation to see what they come up with.

hazyjo

IMO, it's all stuff that should have been looked at when you first made the offer - or it's stuff you were already aware of. Bit unfair to try renegotiating now, especially as the delay's from your side. If I were selling to you, I'd cut my nose off to spite my face and just put it back on the market. It's the chance you take when trying to gazunder...

If the mortgage valuation comes in below the price you've agreed, I think that's different. Then I would expect you to renegotiate.

Jx