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Lower offer accepted but purchaser want more off

245

Comments

  • ScorpiondeRooftrouser
    ScorpiondeRooftrouser Posts: 2,851 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    xsor wrote: »
    Just say flat out no, doubt the buyer will walk away..

    I have walked away in such circumstances and so have many other people.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Just take their offer, it will be less stressful in the long run. We have had the first upward move in interest rates in many people`s adult life, buyers will only get more jittery as time goes on IMO.
  • MobileSaver
    MobileSaver Posts: 4,377 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    As most others have said it all depends on what the survey says and in particular what their surveyor has valued the property at... so ask for a copy of the valuation and the sections of the survey that highlight £5k worth of problems. Then you can make an informed decision.
    Every generation blames the one before...
    Mike + The Mechanics - The Living Years
  • MobileSaver
    MobileSaver Posts: 4,377 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    ScorpiondeRooftrouser wrote: »
    I have walked away in such circumstances and so have many other people.

    And I (and many others) have walked away when deluded buyers have asked for more money off without any good reason...
    Every generation blames the one before...
    Mike + The Mechanics - The Living Years
  • _CC_
    _CC_ Posts: 362 Forumite
    Crashy_Time wrote: »
    Just take their offer, it will be less stressful in the long run. We have had the first upward move in interest rates in many people`s adult life, buyers will only get more jittery as time goes on IMO.

    With a track record like yours, your opinion means little.

    https://www.theguardian.com/money/2017/nov/07/house-prices-rise-at-fastest-since-start-of-year-halifax

    What matters is why have they reduced by £5k? What does the survey show? The reduction of the asking price is somewhat irrelevant unless you purposely accepted a lower offer than could be achieved.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    _CC_ wrote: »
    With a track record like yours, your opinion means little.

    https://www.theguardian.com/money/2017/nov/07/house-prices-rise-at-fastest-since-start-of-year-halifax

    What matters is why have they reduced by £5k? What does the survey show? The reduction of the asking price is somewhat irrelevant unless you purposely accepted a lower offer than could be achieved.


    Mortgage lender says "Borrow now before it`s too late!" :rotfl:


    Did they mention how sales volumes are doing, how many people are actually finding buyers for their homes when they want to get on with their lives?
  • Daveyjones1234
    Daveyjones1234 Posts: 2 Newbie
    No explanation of the revised offer and wouldn't share the survey results so we'll put it back on the market. The property is below the average value for the area and there were several interested parties....
    Thanks to all opinions.....
  • MobileSaver
    MobileSaver Posts: 4,377 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Crashy_Time wrote: »
    how many people are actually finding buyers for their homes when they want to get on with their lives?

    You have a short memory, we discussed this just over a week ago... over 100,000 people in August and over 1 million in the last 12 months found buyers for their home and got on with their lives. Meanwhile you and your HPC friends still have your lives on hold while you continue to pay off your landlord's mortgage year after year after year... :o
    Daveyjones1234 wrote: »
    No explanation of the revised offer and wouldn't share the survey results so we'll put it back on the market.

    Good move. I'd have done exactly the same.
    Every generation blames the one before...
    Mike + The Mechanics - The Living Years
  • ReadingTim
    ReadingTim Posts: 4,087 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Quizzical_Squirrel wrote: »
    As a third option, you could counter with a small reduction.

    A £1 reduction should get the message across....
  • NaughtiusMaximus
    NaughtiusMaximus Posts: 2,840 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    Daveyjones1234 wrote: »
    No explanation of the revised offer and wouldn't share the survey results so we'll put it back on the market.

    Wow, can't believe the cheek of some people. I would have done exactly the same as you.
This discussion has been closed.
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