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Buyer trying to guzzunder us.
Bo&aro
Posts: 13 Forumite
We received an offer £5k under asking price from our 2nd viewer. We rejected this and he came back at full asking price. Between then and now he has been slow to move and almost impossible to contact. On Friday we were advised that he is reducing his offer by £15k!!
We are further along with our purchase but I’m nervous that they will pull out if we don’t agree to his new offer and lose our buyer!!
We are further along with our purchase but I’m nervous that they will pull out if we don’t agree to his new offer and lose our buyer!!
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If you feel confident on the price/value that your property represents and the EA is positive about the marketing of your property and you are in no particular rush, I would reject the offer swiftly.
You know best in conjunction with EA advice on specific issues (Number online view, number details emailed, telephone calls received etc), so we can only give our opinion !Debt is a symptom, solve the problem.0 -
We are further along with our purchase but I’m nervous that they will pull out if we don’t agree to his new offer and lose our buyer!!
Hold your nerve. Don't be bullied. Inform your buyer through the EA that unless matters proceed immediately that the property is going back on the market.0 -
Did he give a reason for the reduced offer? If I were you I wouldn’t be bullied into accepting it. Call his bluff. Tell the EA to decline his new offer and immediately re-market the property. Don’t get involved in any discussion or negotiation, just make that firm decision and stick to it. If he’s serious, he’ll change his tune, if he’s an opportunist, he’ll walk away. I suspect he’s the latter and even if he does come back with the original full price, would you trust him not to try it on again later in the process anyway?0
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I would rather cut my arm off with a blunt rusty knife than deal with someone like that.
Dont acknowledge it.
Call the agents and ask them re-list but to not go back to the buyer.
If they come back chasing for an update, maybe suggest they offer what was agreed and put £5k in to a solicitors account where if they play daft games again, they lose it. What happens if they back down and then play daft games again a day before exchange?I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Is it a cash buyer by any chance? I have come across a couple of these over the years and it is usually cash buyers.I am a Mortgage AdviserYou should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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Unfortunately we are in a rush as I’ve stated and risk loosing the house we are in the process of buying.0
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If you lose that house there are others. Don't be bullied. They are deliberately taking advantage of your situation
They'll want more later if you cave in now.2.88 kWp System, SE Facing, 30 Degree Pitch, 12 x 240W Conergy Panels, Samil Solar River Inverter, Havant, Hampshire. Installed July 2012, acquired by me on purchase of house in August 20170 -
Thanks I know that’s what we should do but it’s easier said than done. Think I just have to take a big deep breath and be brave.0
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So what if you knock 15K off now, then he comes back for another chunk post survey?All shall be well, and all shall be well, and all manner of things shall be well.
Pedant alert - it's could have, not could of.0 -
How many weeks has it been since you've accepted his offer? How many weeks has it been since your offer was accepted on the house you're buying?"You won't bloom until you're planted" - Graffiti spotted in Newcastle.
Always try to be nice, but never fail to be kind - Doctor Who
Total mortgage overpayments 2017 - 2024 - £8945.62!0
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