Reasonable vendors starting to lose patience...

lobsterpot11 · 11 November 2020 at 4:14PM

random321 said:

Last year we went through something very similar. Our prospective FTB's had a survey that came back with a few minor points. Frustratingly we had only purchased a few years before and none of these issues were mentioned in the survey we had carried out, and we had improved the property whilst living there.
Anyway, they came back trying to get a 15k discount from us as a result of the survey. We offered to get professionals around (or for them to arrange for professionals to inspect themselves) confident there were no major issues with the property. It turned out only a couple loose roof tiles and some mortar pointing needed doing which in total amounted to a cost of £500 to resolve.
We offered to cover these costs which the buyers agreed to, and a few weeks down the line they pulled out anyway without giving a reason. Our thoughts were that they couldn't afford the price they agreed with us initially, and were trying it on to get a reduction.
Within days we sold the property again for asking price and were able to proceed with the property we were purchasing! As mentioned above, it's better to find out early whether they will pull out if you cannot meet their price reduction demands and potentially give you a chance to sell to another buyer without losing the ongoing purchase.

Thanks for this. Sounds like a very frustrating situation for you. That may be exactly what's going on here too. The bizarre thing is they told us on a post-offer viewing that they were delighted with the house and thought they were getting a great deal. Just have to keep telling ourselves that someone else will think so too if it all falls through from here.