Is this too much risk?

Harryp_24

I found the house i like, it was on for £190,000. I offered £185,000 with the intention of maximum being 187,000. I got a call saying that to move into their new place which they have an offer accepted on they need 187,000 minimum. So i offered that and was accepted. I then got a call back 30 minutes later saying that their financial advisor had entered the wrong amount and that they need £191,000. I said i cant and they said no worries. Then i get another call back saying that shes going to ask around her family to borrow the 4k extra.

Is this just a estate agent thing to try and squeeze more? the woman who owns it seems nice and old so i doubt she would be like that but what worries me the most is that, If she is having to borrow 4k from family to cover the costs, what happens if something unexpected comes up half way through? she can just pull out with me and find a new willing buyer who will pay more while i have to start again after paying god knows how much for conveyancers, searches, surveys ect.

Any thoughts on what you guys think?

Doozergirl

No one really knows, sometimes it's like that, other times people use it as a guilt trip. It's a very Brotish way of haggling. I've certainly been subject to that line more than once.

I think the ones with real financial problems are less likely to talk about them

Cakeguts

How your seller manages her finances is nothing to do with you. Most people would find a house to move to that they can afford. This lady doesn't seem to know what the original asking price of her house was.

sparky130a

You're right to be cautious.

The lovely old lady could have countless reasons to pull the rug later.

Without knowing her motivation you have no way of knowing.

But with increments like that on a property of that value i doubt it's EA driven, it wouldn't be worth their while.

walwyn1978

As above.

I'd be slightly wary of the induviduals who can't organise their own finances properly, but at those prices it almost certainly won't be EA driven (to the point where the EA may have told them to try to borrow the 4K to avoid losing their sale).

Hope for the best, but monitor closely, and check all is well regularly during the process via your solicitor.