Last minute request for cash towards replacing boiler in the future

chappers

At this stage a firm no, if they come back, then follow it up with the fact the boiler is well serviced and safe , but you are not prepared to contribute towards their future home maintenance, and maybe point out that their assessment is unrealistic.
Sometimes you just have to hold your nerve.

silvercar

Suggest that you could have chosen to replace the boiler and then only been prepared to accept a much higher value for the property....

teddysmum

The £8000 quotation is ridiculous and I wouldn't offer the £2000 suggested above (post has been removed) as we paid around £3000 for a new WB boiler, gas and water piping, radiators, as well as having a gas fire removed then replaced and a toilet having a new flushing system and drainage.


If they choose to have the boiler in a different place they certainly can't expect someone else to pay.

Davesnave

teddysmum wrote: »

The £8000 quotation is ridiculous and I wouldn't offer the £2000 suggested above as we paid around £3000 for a new WB boiler, gas and water piping, radiators, as well as having a gas fire removed then replaced and a toilet having a new flushing system and drainage.


If they choose to have the boiler in a different place they certainly can't expect someone else to pay.

No one has suggested just paying up.

The first step is to say, "No, the boiler's fine." No threats to go back to market and just try to proceed to exchange. Most people think this will work.

The second step, if one is still needed, would be to link a very early exchange date to a cash incentive towards a new boiler, if that's what turns the purchasers on. Let them be clear at that stage that if exchange is missed, the house is back on the market and the incentive no longer applies.

Red-Squirrel_2

Davesnave wrote: »

No one has suggested just paying up.

The first step is to say, "No, the boiler's fine." No threats to go back to market and just try to proceed to exchange. Most people think this will work.

The second step, if one is still needed, would be to link a very early exchange date to a cash incentive towards a new boiler, if that's what turns the purchasers on. Let them be clear at that stage that if exchange is missed, the house is back on the market and the incentive no longer applies.

Sorry but I think that's far too generous. I'd be pushing for an exchange date but wouldn't remotely be considering a 'cash incentive'. The price has been agreed, they are trying it on, they clearly want to buy the house so they can hurry up and buy it!

Davesnave

Red-Squirrel wrote: »

Sorry but I think that's far too generous. I'd be pushing for an exchange date but wouldn't remotely be considering a 'cash incentive'. The price has been agreed, they are trying it on, they clearly want to buy the house so they can hurry up and buy it!

I've already explained my reasoning based on the information that the OP might lose a property they love if they have to go back to square one.Of course the purchasers are likely to be bluffing, but if they aren't (one might be totally neurotic or have less commitment for all you and I know) then at least have a fall-back position

It's perfectly fine for you to disagree, so there's no need for 'sorry.'

Originally I said, "Reply that the condition of the whole house and its systems is factored into the agreed price, so it is what it is, push for the exchange date and if you don't get one within a week, or you get further grief, then either make a gesture of £2k or re-market, depending on what you personally can live with."

That's what I meant.

davilown

Csnt believe you did all that work in the first place and paid for it. Tell them no

cjmillsnun

Quizzical_Squirrel wrote: »

I'd refuse initially but think in the circumstances, it may come down to offering a token amount.
Maybe £500. Just enough so the buyer can feel smug and think he's won a victory and got one over on you.

You'll be the winner in the long run though.

Sorry disagree. The OP will be £500 lighter. That isn't a win in my book. The buyer is taking the mickey. They're using a resiting estimate which is more than double the cost that it would be. I suspect they just pulled the figure from their head.

I would politely but very firmly say no, and that the age of the boiler was factored into the asking price, that the boiler has just been serviced and passed a gas safety check, and that if the buyer wants to resite the boiler that is down to them.

I somehow doubt they will pull out, and if they do, they probably would've found some other excuse.

Davesnave

cjmillsnun wrote: »

Sorry disagree. The OP will be £500 lighter. That isn't a win in my book.

I somehow doubt they will pull out, and if they do, they probably would've found some other excuse.

Negotiation means giving as well as taking, and in this context the buyers don't seem to think the OP has given enough.

Why they have the hump, or whether they're just stupid, or if they're just nasty, morally suspect people, isn't clear. One meets all sorts.The only positive is that they've chosen negotiation, rather than a straight gazunder at the very last minute.

"I would politely but very firmly say no, and that the age of the boiler was factored into the asking price, that the boiler has just been serviced and passed a gas safety check, and that if the buyer wants to resite the boiler that is down to them."

Everyone agrees with this.

The only differences between people's opinions are:

• whether to re-market now and immediately ramp up the pressure

and

• whether to have a fall-back position of concession that means the purchasers save face

You could well be right that the purchasers will make whatever excuse they feel like on the day and walk, in which case any strategy will cost the vendor no more and no less than any other. That's why an early exchange agreement would be part of this.

chappers

Dave is right, sometimes you have to keep your eye on the prize and see the bigger picture, keep the dialogue open and try to gauge the buyers position. Whilst most of us would probably reason that it's stupid to lose out on a house you want for the sake of your vendor not giving you a few quid off. That might not be the attitude of the buyer and then it falls onto the vendor to decide whether they want to lose a sale for the sake of a few quid.