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Offer renegotiation
mfuw9cn3
Posts: 21 Forumite
Hi
I am buying a house and after having 2 offers rejected, I finally had an offer accepted of £95k (including furniture and white goods) on a house on for £97k
We have since had the survey done and it has come back saying that the appropriate market value is £92k as £2,000 retention is recommended for repairs.
The house is currently unoccupied, the vendors want a quick sale and I am a first time buyer with a mortgage offer received. How do I go about re-negotiating the price. I'm aware I am in a strong position as the survey will tell any other buyer the same thing, but I don't know much about the process and don't want the EA or the buyer to try and pull the wool over my eyes!
Thanks
I am buying a house and after having 2 offers rejected, I finally had an offer accepted of £95k (including furniture and white goods) on a house on for £97k
We have since had the survey done and it has come back saying that the appropriate market value is £92k as £2,000 retention is recommended for repairs.
The house is currently unoccupied, the vendors want a quick sale and I am a first time buyer with a mortgage offer received. How do I go about re-negotiating the price. I'm aware I am in a strong position as the survey will tell any other buyer the same thing, but I don't know much about the process and don't want the EA or the buyer to try and pull the wool over my eyes!
Thanks
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