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Rejected Offer On A House
Comments
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Just send a formal offer and don't mention this term they've come up with.0
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Congratulations! Great news for you, well done for holding your nerve. Seller is just saying if anything comes up in survey, don't use it to try and get more knocked off the price. Wish I'd said that to my buyers now! It doesn't mean if it came back and you weren't happy with it that you can't walk away. You can[STRIKE]Total debt 1.11.10 £23,446[/STRIKE]Save £6k in 2015 #129 £6121.66/£6000Save £6k in 2016 #39 £6000/£60000
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Yes if things come back that we are already aware of we are fine with that we have factored them costs in.
But if something comes back that we don't know about say for example the roof like you said we understand he won't go lower which is fine but can we back out?0 -
Yes you can back out.Some days you're the dog..... most days you're the tree!
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Either party can back out at any time without penalty up to exchanging contracts, at which point you will have to stump up your deposit (usually 10%).
I pulled out of a purchase a few years ago after a bad survey - it was probably the best £500 I've ever spent.0 -
Thanks Copperjar
I'm so glad I held out as there was a point I was going to ring to give them £87,000.
Thanks everyone I didn't know if agreeing to this meant that if it came back with issues I would have to pay the extra and couldn't back out.0 -
Great news, well done. See, I said it was a good sign! They just mean they've accepted the lowest offer they are willing or able to do and as such if you start trying to renegotiate for whatever reason later they will not play ball.
Congratulations! Hope it all goes smoothly for you!0 -
Well done OP
True test of nerves
She blinked first !0 -
Thank you everyone ��
I am sending the email to the estate agents on Monday as I need to confirm with solicitors then.
Does this sound ok for the email to the estate agents or would you put anything else in?
Hi Lisa
As per our discussion on Saturday 6th August regarding our offer of £86,000 being accepted by the seller.
Please see attached our mortgage in principle as requested and also below our solicitors details.0 -
I would put "Subject to contract" on all correspondence...0
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