Buyer renegotiate

movilogo

unfortunately we are not in position to just let this chain collapse

In any negotiation, understanding of leverage is important. If you can't afford to walk away from the sale, then accept buyer's offer.

Usually in all negotiation one who has least to lose (thus can walk away without the transaction) has an upper hand.

This is true for Brexit negotiation as well

ThePants999

If folks could avoid quoting Crashy, that'd be grand. Having Crashy on my ignore list is rendered pointless if the nonsense gets quoted in everyone else's posts anyway

Crashy_Time

Lokolo wrote: »

What the hell? Just making up fantasy things that could happen.

The OPs buyer could also pull out, they put it back on market and they get a flood of new viewings and they get more offers. What's the point in speculating?

And also maybe the OP can't afford the £4k drop.

The problem with the "Fantasy" is that the MSM are also "making stuff up", and that affects wider sentiment. If the OP had other buyers ready to pay their price this thread wouldn`t be here?


http://www.standard.co.uk/news/london/london-suffers-the-fastest-fall-in-house-prices-a3540261.html


Notice how the "Cataclysmic For Everything" Brexit is now portrayed as "a boost" for house prices in the last paragraph though. :rotfl: I don`t honestly believe that the PTB even want to save high house prices anymore, it is costing them too much politically, EA`s however seem to just say anything that makes a good sound-bite........

Crashy_Time

weejangus wrote: »

You've painted a picture that may or may not actually happen. I could equally state that, potentially, due to very "good" economic news hitting the headline, the OP is inundated with offers to purchase at a significantly higher price! Doesn't matter, as it stands right now, that's just speculation.

What if the buyer had asked for a reduction of £10k? Or £20k? Would the OP still be better to just accept the lower price?

The facts as we know them have confirmed that the work required as per electrical report should cost somewhere in the region of £400 / £500. However the buyer has requested to reduce the purchase price by £4k. This is not in proportion to the work needing done. The OP would have to draw a line somewhere and decide on a value that he / she is happy to reduce the price by, a reduction that truly reflects the work to be done.

In this economic climate, and depending on the price of the house, probably yes. Seems to me this buyer wants to feel that they are haggling and getting a "deal", and this relatively small problem is something they can hang their demand on, this probably means that subconsciously they know they are probably paying too much anyway, and it won`t take much to scare them off (maybe they just want an excuse to walk?) OP shouldn`t lose the sale over 4k IMO.

Lokolo

ThePants999 wrote: »

If folks could avoid quoting Crashy, that'd be grand. Having Crashy on my ignore list is rendered pointless if the nonsense gets quoted in everyone else's posts anyway

My apologies. I will endeavour to help you in your pursuit of happiness.

weejangus

ThePants999 wrote: »

If folks could avoid quoting Crashy, that'd be grand. Having Crashy on my ignore list is rendered pointless if the nonsense gets quoted in everyone else's posts anyway

No problem, won't happen again! I 100% understand why you would add them to your ignore list, think I'll do the same!

Crashy_Time

weejangus wrote: »

No problem, won't happen again! I 100% understand why you would add them to your ignore list, think I'll do the same!

Yep, I would do the same if I was trying to sell a house into a deflating bubble....:D

Mickygg

I'm another having added crashy to my ignore list. I hope at some point he is removed for being a house price crash promoter troll.

You just have to look at the number of total nonsense posts and realise he is trying to just tick up his post count. What a sad, lonely person he must be.

GingerFurball_2

Just report his posts as spam.

jimbog

ThePants999 wrote: »

If folks could avoid quoting Crashy, that'd be grand. Having Crashy on my ignore list

I hadn't realised this was possible. How can I do this?