Lower offer days before Exchange and Completion

Crashy_Time

lisyloo wrote: »

There are a couple of people on this thread who've been waiting for a crash since 2001.
You almost certainly know your local market and the desireability of your home and how easy it's going to resell plus you need to take account of the fact that these buyers aren't trustworthy/honourable.


House prices are starting to go down in London but most of the country is still going up according to the main indices although less than previously. We are hardly in a crash situation and unlikely to be in the medium term, but what is happening in your local area is much more relevant that high-end London or national figures.
Unfortunately there's a few with extreme views who seem intent on pushing them on ever thread.

The cold facts about their local market is that they are getting offers 15k less than they want/need?

DoaM

Offers plural? Where has OP said they'd received multiple offers?

chrisuk44

Haha very good read....

Glad to see people sticking to their guns

System

I wouldn't want to do business with these buyers on principle if it were me, and as long as you end up with an offer no more than £15k below asking, you've not lost out by saying no to them. Even more so if you're in no rush to move. Maybe it will teach them to be more up front in the future!

Crashy_Time wrote: »

Taking the reduced price would be far less stressful in the long run in this market, IMO.

Hopefully the OP will be back when their house is sold to let us know whether you're right or not. Several viewings and an offer within a week of it first going on the market suggests that the market wherever the OP is isn't doing that badly. Unless you genuinely think that prices are falling across the country, with no variations/bumps in the trend based on location?

AnotherJoe

x-caitlin-x wrote: »

I wouldn't want to do business with these buyers on principle if it were me, and as long as you end up with an offer no more than £15k below asking, you've not lost out by saying no to them. Even more so if you're in no rush to move. Maybe it will teach them to be more up front in the future!



Hopefully the OP will be back when their house is sold to let us know whether you're right or not. Several viewings and an offer within a week of it first going on the market suggests that the market wherever the OP is isn't doing that badly. Unless you genuinely think that prices are falling across the country, with no variations/bumps in the trend based on location?

CT does not "genuinely think". Its simple reflex responses in line with his prejudices.

Crashy_Time

x-caitlin-x wrote: »

I wouldn't want to do business with these buyers on principle if it were me, and as long as you end up with an offer no more than £15k below asking, you've not lost out by saying no to them. Even more so if you're in no rush to move. Maybe it will teach them to be more up front in the future!



Hopefully the OP will be back when their house is sold to let us know whether you're right or not. Several viewings and an offer within a week of it first going on the market suggests that the market wherever the OP is isn't doing that badly. Unless you genuinely think that prices are falling across the country, with no variations/bumps in the trend based on location?

Except in terms of time and stress, and possible further loss down the line, but the OP will let us know I`m sure

Red-Squirrel_2

Crashy_Time wrote: »

Except in terms of time and stress, and possible further loss down the line, but the OP will let us know I`m sure

Its very unpleasant the way that you always wish stress and financial loss on other people, just to try and backup your own views.

They are real people you know.

System

Crashy_Time wrote: »

Except in terms of time and stress, and possible further loss down the line, but the OP will let us know I`m sure

Think I covered all of those things already

x-caitlin-x wrote: »

I wouldn't want to do business with these buyers on principle if it were me, and as long as you end up with an offer no more than £15k below asking, you've not lost out by saying no to them. Even more so if you're in no rush to move. Maybe it will teach them to be more up front in the future!

Crashy_Time

Red-Squirrel wrote: »

Its very unpleasant the way that you always wish stress and financial loss on other people, just to try and backup your own views.

They are real people you know.

I said taking the offer would help them to AVOID stress, not the other way round, and there was no wishing of anything involved, that is your own perception/belief.

Crashy_Time

Ronaldo_Mconaldo wrote: »

Stick it to them! For the good of all home owners it is vital that we gouge away at anyone wanting to buy a house, if one person gets a discount for just trying it on at the last minute then word might spread and next thing you'll have first time buyers rushing around trying to undercut each other.

Well done.

That is what the forum Price Police are for .......not sure how well it is working though TBH, most people see it for what it is now.