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Potentially better deal presents itself

I am in the process of buying a house, which I like.

I had a telephone call from another estate agent today. A house I liked some time ago was reduced and now the vendor wants less.

Financially the deal on the other property is better. I believe I will get more for my money with the other one i.e. it is cheaper and "better".

I am unsure what to do. I don't want to let the vendor down (of the house I offered on), however I have friends who have lost out to house sales at the last minute because the vendor chose a better offer (after forking out solicitors fees etc). Should I try to negotiate a better deal perhaps? I am not due to exchange for a while.

Comments

  • ognum
    ognum Posts: 4,879 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    It would go and see the other house put in an offer if you like it and see if it accepted.

    Off course you will lose money on the work you have already completed.

    I know there will be lots of people who say you have made a deal and you should stick with it and that it's wrong to dump your vendor but I disagree, if you want the other house try for it!
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