We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Negotiation after Survey
Comments
-
I agree with this.DannyboyMidlands wrote: »Negotiating after the survey is fine - if it throws up stuff you couldn't have been aware of when making your offer. This isn't the case here. You have simply realised that you offered too much.
There's nothing you've said that you wouldn't / couldn't have known when putting in the offer. So I don't think there's much you can do to argue that you want to reduce the offer because of the survey.
You haven't yet exchanged contracts, so you can pull out or put in a revised offer at any time. They can either accept that revised offer, attempt a compromise or walk away.
I think it is a very delicate situation. On the one hand you can probably get away with an offer of £250k if that is what they were expecting.
On the other hand, if you give across the impression that you want to reduce the offer for no good reason, what's to stop you reducing it by another £10k further down the line? And then gazunder another £10k when everyone in the chain is ready to exchange?
It may make them wary of you to the point they may decide to walk away now while they still have a hope of finding someone else to tie in with their purchase.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.6K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.9K Spending & Discounts
- 244.5K Work, Benefits & Business
- 599.8K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards