Revenge on gazunderer

RanP

I had a house sale price agreed prior to lockdown and my buyer has now managed to get a 15k reduction from me. 10k has been from the seller I am buying from and 5k from my pocket. His stalling tactics have meant that I am actually 10k better off due to the new stamp duty laws but he is now 23k better off. He is on the verge of exchange but I have still been showing my property to other people and I am expecting a good offer come Monday after many barren weeks of no offers. If this offer is higher than what he is offering should I ask him for more money (I would ask for 5k more), sell to this other person or should I just take the hit and exchange? This buyer has been a pain in the backside for the past two months, he even reduced his offer from 12.5k less to 15k less when he realised I couldn't find another buyer.
To make matters worse, prior to lockdown he was going to buy a house that had 15-20k less features before he went for my house. My house was priced on the lower end for a quick sale at that time, even then he was trying to get my house for a lower price than what he was going to pay for the inferior house. He is a first time buyer and is most like spending around 1k a month on rent. He has been a cold calculating chancer and some revenge would make me feel good. The house I am looking to buy would be my house for life so I'm wondering if I should just let things go or should I try to get more money from him, or sell to these other people who seem much more honest?

Voyager2002

You should have shown him the door at an earlier stage. You know that he is unreliable, and have no idea what further trouble he will make. No, sell to the other people but no matter what do not sell to this chancer.

RanP

Voyager2002 said:

You should have shown him the door at an earlier stage. You know that he is unreliable, and have no idea what further trouble he will make. No, sell to the other people but no matter what do not sell to this chancer.

I would have loved to have done that and it was my intention to not sell to him when I put the house back on the market but I have had no other decent offers in the past two months. Now it looks like there will be a decent offer finally, but I'm sure the estate agent will want me to sell to this chancer as he is ready to exchange now, in fact he is desperate to do so. The agents want their commission as soon as possible after all.

I just want to inflict some of the same misery on him that he has done on me and my wife.
I guess I will have to wait until Monday and see what the other people offer.

getmore4less

Irony, you have done to your vendor what your buyer has done to you. 

If your vendors find a new buyer that will solve your dilemma. 

warby68

Depends how much you want to move
This is very nearly a done deal - any new buyer isn't
You do realise you've been rather dodgy too by the standards you are judging? Still actively marketing when you have a nearly complete sale and passing on most of the price reduction to your vendor. What if they get fed up with you, especially if you delay things for a new buyer after being close to exchange on this one?
Truthfully, I probably would have pulled away from this purchaser well before now  but this close to exchange? I'd probably grit my teeth and get on with it. Revenge is hollow if you lose your onward purchase.
HOWEVER, if the chancer tries something just before exchange and this does seem like the sort of buyer who might, then I would tell them where to go. I have my limits !!

blue_max_3

Try to keep the emotion out of it if you can. Don't let them influence your decisions. Once you move, you'll soon forget about it all. 

GDB2222

Sell, or don’t sell. Why create an account on a message board to ask a bunch of strangers?

[Deleted User]

blue_max_3 said:

Try to keep the emotion out of it if you can. Don't let them influence your decisions. Once you move, you'll soon forget about it all. 

Agree with this view. Keep emotions out of it and use your head. Be cold and calculating - do what is best for you and wife. It is only business, not personal.

Falafels

Think of the house you're going to move to, think of your future, think of the fact that you're 10K better off than you would have been. The fact that he's 23K better off will have no effect on you - unless you let it. The one I feel sorry for here is your vendor, who really seems to be taking it on the chin.

And... if your buyer is as much of a calculating chancer as he seems, chances are he'll be found floating face down in a river at some point in the future. Again, not your concern.

RelievedSheff

Just get the transaction over and done with ASAP then you can move on and enjoy your new home.

jackieblack

Falafels said:

Think of the house you're going to move to, think of your future, think of the fact that you're 10K better off than you would have been. The fact that he's 23K better off will have no effect on you - unless you let it. The one I feel sorry for here is your vendor, who really seems to be taking it on the chin.

I agree
Why lower yourself to copy your buyer’s attitudes and actions 
Remember, what goes around, comes around... 🤷🏻‍♀️