Re-negotiate price

ACG

Less people putting property on the market is not an argument in your favour. Supply and demand, demand is still there (we are still getting enquiries), but supply is down. 

Fewer approvals because surveyors can not go out, there are literally tens of thousands of properties sat waiting to be surveyed before an offer can be issued. 

The economy is a potential factor, but at the minute there is nothing to suggest things will not remove to relative normality once the lockdown is lifted. 

Splatfoot

Er, less properties are going on the market because in the main, estate agents are not really working. Ours went on the day of lockdown but we'd already had photos done etc but we are prepared for no viewings for a few weeks. We know people are looking online and are interested. If people start trying to knock masses off ours, "due to the crisis" we will just pull it off the market. 

Thrugelmir

ACG said:

The economy is a potential factor, but at the minute there is nothing to suggest things will not remove to relative normality once the lockdown is lifted. 

Normality as we used to know it may well be some time away. Lockdown is going to be a controlled process. With constant monitoring to avoid a second wave. 

Linton

If you are really worried about the economic situation surely 1 or 2%, or even 5% would be far too small a drop to make a significant difference. The vendor is hardly likely to agree to drop any more than 1 or 2%.  If you are serious, rather then just sensing a chance to blackmail a few £K. I suggest you drop out of the deal completely.