negotiating the price after the offer was accepted.

Soubrette · 24 March 2013 at 11:37AM

Don't forget that sometimes house prices are skewed when sold. For example one of the houses on my road was sold to the brother by his other siblings as part of his inheritance. For whatever reason they sold it to him for 30% under the average selling price of the street.

Tancred · 24 March 2013 at 1:30PM

AlexMac wrote: »

When we sold once, the buyer got a mate to do the survey- on a 100-year old house - with a fine toothcomb; my wife nearly told hom to stuff it when they came back with a list of minor faults and a request for £20k off- I reined her in and we compromised on about £5-10k of legit snags. Good luck

Been there and bought the T shirt! :mad:

Tancred · 24 March 2013 at 1:31PM

Soubrette wrote: »

Don't forget that sometimes house prices are skewed when sold. For example one of the houses on my road was sold to the brother by his other siblings as part of his inheritance. For whatever reason they sold it to him for 30% under the average selling price of the street.

That's a family arrangement, not a proper sale.

Bella73 · 24 March 2013 at 1:37PM

Personally I wouldn't even consider going to our sellers to re-negotiate! We did our research before putting in any offers. We are happy with the price we have offered and unless the survey shows something horrendous we would not think of changing.

Think it's a but rude myself and like others have said I'm not sure I would feel you were very trustworthy after such tactics.

Errata · 24 March 2013 at 3:48PM

Buyers who make a firm offer then fancy reducing it without a reason send a very clear message to vendors that they can't be trusted.

The_Palmist · 24 March 2013 at 5:04PM

what happened to honour!!!

lukeskywalker80 · 17 April 2013 at 12:15AM

hi again, so we finally got the valuation done, according to the valuation the price should have been £18k less than what we are buying it for. the bank has offered the mortgage but i am feeling pretty bad about the high value. now that i have valuation done and he has come back some with some points, all valid, i had noticed them before making them an offer but didn't know the impact of them, what would be the recommendation, would it to be go back at a lower rate or carry on considering that these differences in prices would always happen. i am only concerned that i don't wnat to spend the rest of my life (or 25yrs) thinking i knew the price wasn't right and i still went ahead. would be great to hear your thoughts.