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GAZUNDERED! Bullied by buyer
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Remember they have already invested in survey fees and legal costs too - they have something to lose too. Hold your nerve.Gather ye rosebuds while ye may0
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i agree with everyone else posting. Call their bluff and strongarm them back. either move forward at original price or you are resisting. Tell them tomorrow they have til monday. end of.0
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Put the property on the market, advise your agents to tell the buyer that you do not believe they are genuine buyers and that the property is back on the market.
You were too nice at the outset - that phrase "give them an inch and they will want a mile" seems to be the case here. I would personally not sell to them at all now. I would certainly not be offering to pay any incentives and would definitely withdraw that if you both decide to proceed.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 -
Agreed. Politely but firmly decline their revised offer and ask the EA to re-list the property. I'm fairly sure they'll back down anyway.0
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Your mistake was getting into negotiations at all.
What should have happened was that when they were first starting to make noises about the flat roof you responded (via your solicitor) that as they were aware it would need replacing from your conversation at the viewing, you assume their offer took this into account and will not accept a reduced offer.
Now, I would get it back on the market at the price you got the two offers at, I suspect they are going to pull further stunts if you don!!!8217;t take a firm line here.0 -
It may be your lovely home but it's just a house for sale. Ditch them emotionally, relist and see what happens.
Too much mental energy being wasted.0 -
If they have started messing you around like this there is a good chance that the sale will fall through anyway so you might as well just put the house back on the market anyway.0
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You're massively over thinking this. Entering into negotiations was a mistake. You did the right thing by asking for the valuation report. You went above and beyond by offering to take £750 off the price of the house. You went far, far beyond by offering £2000.
Instruct your agents to put the property back on the market, at full asking price. Get another buyer. If you don't, this will drag on for months and months.
They obviously don't know what they are doing if the want a fibreglass roof. Stop negotiating with them. They need to decide if they want the house or not.
If their mortgage valuation comes back lower than the agreed sale price, then fair enough, get them to send you a copy of the valuation and you can discuss this with your estate agent and any competent tradesmen if there are any real issues. If they refuse, then refuse to negotiate with them AT ALL. Just put the property back on the market. End of.Changing the world, one sarcastic comment at a time.0 -
I've been in this situation, also in a vulnerable position at the time, however, my principles would trump everything, and faced with a buyer who was clearly trying it on, using my vulnerability at the time, who bullied me like your buyer, who used tactics not just once but twice, I pulled a week before the sale. It was the best decision I could have made and ironically, they did me a favour in the end.
In the end, you have two choices, you see it as a business deal, so totally ignore the emotive part of it and decide whether you would have gone ahead if the two offers had been for £2,000 lower in the first place, or do you stand by your principles, want to make it clear that you won't be bullied and that they don't deserve the property and relist, taking the risk that you might not get an offer over the asking price second time round (which could happen).0 -
I would never give in to bullying buyers if I received the offer price, I am sure the OP price reflected the current condition. The `get out` for the buyers is that it was over asking price0
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