At what point do I pull out?

getmore4less

Don't let their problems become your problems.

They were trying/succeeded in getting you to up your offer 3+ weeks ago and now they have nowhere to buy.

You could tell them if they want you to proceed quickly so they can go into rental the offer is back to £145k.

or just go quiet and focus on a deal on a place you like more.

greyroofer

I'd pull out now to be fair to you and the seller. You're obviously over it.

SephirothX

Yeah I'm not worried about their problems after they ruined the start of my new year. I've also been open with the new vendor that buying theirs would mean pulling out of another one (and why). I don't know if that was a good idea or not though.

I've no need to pull out yet Greyroofer. If I don't get the new property I'd still be happy to purchase the first.

kinger101

SephirothX wrote: »

I would think their other buyer will have found another property by now but that's not my problem. Their story is that they had a survey done and it was down valued by a lot and their vendor wouldn't negotiate so they pulled out.

I wouldn't lose much sleep over messing them around in that case, but as one or two others have suggested, it sounds like you no longer think it's the property for you anyway.

JP1978

"better parking" is the one thing that would sell it me over a boiler or slightly better view.

I dont think that car ownership is going to get any lower any time soon and on-street parking is always a struggle in terraced streets.

I think that you are already sold on the 2nd property.

SephirothX

It's not just a terraced street, it's a terraced cul de sac which makes the parking worse. My house will only have one car but there's no telling if I will find a partner who owns a car or not, and I imagine a house with only one parking space would be harder to sell on. Even the master bedroom is awkward in that house - the wardrobes are along the side of the bed with there being only 3 doors. On the right side half of the wardrobe is behind the wall. I guess because if there was a door there it would clash with the bedside cabinet.

I am leaning more towards the second one as it seems more of a longer term place and would be easier to sell on if I needed to.

SephirothX

Had my second viewing this morning and it's lovely. I think I will make an offer. Hard to determine what though given it is listed as "offers over" 160k. One almost identical on the same street sold for 157k last year with a south facing garden but this property has a bigger garden and some decorating extras inside over that one.

DigForVictory

All the best with the second place, the warmer to the heart place.
Boilers can be replaced, car parking nowhere near as easy.

SephirothX

The thing with the boiler is just that it is a combi so can't have a power shower put in. Not a major thing. Could be something I replace in the future I guess.

SephirothX

Looking like I won't be going for the second one. Seems they are after a few grand more than the "offers over 160k" price. They disagree that the property across the street that sold for 157k is worth the same/more because their north facing garden receives more sunlight than the southern facing garden across the street and that their garden is bigger.

I could be wrong but I value a southern facing garden with a new patio more than a slightly bigger north facing garden. I've never seen an estate agent use a north facing garden as a selling point but seen plenty highlight south facing gardens.