GAZUNDERED! Bullied by buyer

FactualGnome

Hazyjo - yep, they know our vulnerable position they could be playing that Vs they probably arent in any rush to sell.

The new build is a local company so we really fell in love with the particular house/plot etc hence cant really just swap it for another/later one being built all the plots are released. I dont usually like new builds tbh.

Its due to be ready August, we understand it may go over but thats the least of the worries right now, it might even work out better the longer we have due to the operation i'll be having.
Yeah other people did want our plot on the new build but we'd got our reservation paid. The company are very helpful though, so they might help us out with an extension of time if thats possible.

loveka - This will be one of my 'regrets' now, as I had said this to the EA, we knew the roof was old so we said should we just pay for it to be done before any surveys start - they advised no as it probably wouldnt be picked up on and you dont want to waste money on something you wont benefit from. It made sense, plus the roof doesnt leak/we were in no rush to replace it living here ourselves as it didnt seem a problem...but hindsight - itd have cost us £750 not all this...thats if this is really about the roof though

stator

FactualGnome wrote: »

My plan for today is to try determine (as I have no clue about this process) about how much is this buyer set to loose £ wise so far into this (& also us).
I could contact the other higher offer and see where hes at.
Maybe Id have extra time with the new build contract to swap buyers.
Regarding the EA/this buyer, I am thinking of trying to call her bluff - to see what she does.
My other thought was to quote her by stating if she wants to be 'reasonable' by going halfs on the Fibreglass roof quote (which I know is still stupid of me) - why isnt she going off the first roofer she appointed - thus the deal would be £1k not £2k.
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Stop it. You are being silly
You need to stop trying to negotiate or provide reasoned arguments. That's not how it works. You will not get this buyer to act reasonably. You will not come to an agreement.
Put the property back on the market and find another house to buy.
There are plenty out there. Have another look on rightmove.

AnotherJoe

You've got time to cash in on buyers this weekend, put it back on right now.
Tell the existing buyers they can still buy if they exchange at the initial price minus the the £750 off you agreed to.
Make sure the EA knows that's your bottom line.

Fed

FactualGnome wrote: »

, plus the roof doesnt leak/we were in no rush to replace it living here ourselves as it didnt seem a problem.

So why are you entering into negotiations? If the survey came back and said the front door was old, would you pay to replace it? It's such a tough situation if you have your heart set on this new build but you need to be firm. No more negotiating, you dictate the terms. Either tell them you will only proceed at the agreed price or the deal is off. Or at the very most offer a £750 reduction. But make sure it's a take it or leave it offer, otherwise you're relisting

FWIW my house survey came back with damp, I tried to negotiate a few k reduction. The seller flat out refused and I proceeded anyway

robatwork

You're not being bullied, you're being strongly negotiated with. Emotive language isn't helpful - this is just money.

You made a mistake as others have said by not making a one-time offer of either lump it or leave it, or take off £1000.

You will of course lose money if you pull out, as will your buyer. There are other dream houses out there. I would say it's more important to get some agreement in your marriage before agreement with your buyer as to your position.

parkrunner

FactualGnome wrote: »

BUT I am having arguments with my husband about it he doesnt want to loose our dream house over the principle of £2k, he thinks im being stupid for even thinking of jeopardising it, especially when the offer was so high over asking price which means were the ones being greedy. I see his point too. And this is why our negotiations have been so quick.

After reading that I'm with your husband. As it was so high over the asking price then even reducing by £2000 it will still be more than you originally asked for so just accept it.

FactualGnome

He had read about buyers putting in high offers to ensure they get accepted then dropping at the last minute.
We had these two buyers bidding against one another so we had to pick one as it was getting ridiculous how it was just going up and up over asking price, it probably would have gone even higher if we haddnt stopped it. Who knows if it would have turned out the same with the other bidder.

Our solicitors phoned hers to try clarify about the fact she was aware of the roof prior to her putting in that higher offer so we assumed it had been considered within the offer.
Because I figured if she was maybe just trying her luck with all this her solicitors wouldnt be aware of the risk of her pulling from the sale - but they are aware, shes adamant: drop £2k, without proof of the quote shes based this £2k on or shes walking.

Im still waiting to hear re the other high bidding buyers position as the calls crossed over.

My solicitors confirmed they could draw up a clause if we do drop the price to ensure that as the final offer price and requiring a quick exchange. Although nothing is probably going to secure you within this process?!

To recap:
1)We said we would get the roof replaced like for like by our roofers quote.
2)We then agreed that we would get it done in fibreglass but by our roofers quote.
Yes we are 'desperate' so to speak - but thats all shes actually had offered off us, the increase from felt to fibreglass.

I think we would have seemed unreasonable to have refused to pay for the replacement roof from the start 'IF' her surveyor has deemed it as 'urgent' work. (The frustrating part is no one knows if this true or how he valued it perhaps)

letitbe90

stator wrote: »

Stop it. You are being silly
You need to stop trying to negotiate or provide reasoned arguments. That's not how it works. You will not get this buyer to act reasonably. You will not come to an agreement.
Put the property back on the market and find another house to buy.
There are plenty out there. Have another look on rightmove.

Over 2k, this seems drastic.

I think there are so many things that can potentially go wrong in a house buying process - if the only issue is £2000 discount which you feel is unjustified - it is really one of the smallest problems you could have in the process. To boot, you got an offer above asking price.

I say just proceed, £2000 is a gift of a problem considering the stuff people have to go through.

loskie

with £2k off is it still over the asking price? If so you have still got what you wanted.

warehouse

So you cave in and basically give them £2K off the asking price. What comes next? Let me guess. Another big drop just before exchange knowing you're highly likely to cave again.

Walk away now or you'll seriously regret it.