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Negotiating a purchase price
Comments
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Thrugelmir wrote: »The market will pick up again in the Spring.
Between you and Crashy, you have all options covered.No reliance should be placed on the above! Absolutely none, do you hear?0 -
Thrugelmir wrote: »The market will pick up again in the Spring.
What are you basing this on?0 -
I would walk away. Even at the original price I would still be making a lower offer. That's my opinion though - depends how much you want the house and ultimately how much they're bothered about selling it.0
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Theres been so many threads like this lately...
It all depends on how much you want the house and how likely you think you are you going to be able to find another house which is just as nice or better.
If the house is a bit 'meh' and nothing special, then by all means stick to your guns.
If its the perfect house thats ticking all or most of your boxes then is it worth losing it over 4k?
Only you can make that call.0 -
Thanks for all of the replies. By way of an update, the EA contacted me on Tuesday asking if I would increase my offer to £295k which I agreed to do, but stated this would be my best and final offer. The vendors took two days to come back to us and asked for £296,500. I was not prepared to pay this and have walked away, wishing them all the best selling their property.
Whilst I do like the house, as some of the responses to my original post said, I had to decide what I was willing to pay - my limit was £295k. I have now started to pursue other options - I’ve just returned from a second viewing at another property which I like. I have also decided that if the EA come back and say the vendors will accept £295k, I’m going to politely decline and explain I’m not longer interested in the property. I don’t want to enter into an agreement that is based on good faith when there is bad feeling towards the vendor on my part. Whether or not that bad feeling is justified, I just can’t shift the feeling that they’re being greedy and they’ve messed us around. They’ve had no other viewings or interest in the property since our original offer.0
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