Reduced price for redecoration

lookstraightahead

I would say you're putting it back on the market now, so don't reflect for too long. I'm all for realistic valuations but this is stuff they would have seen on first viewing.

eidand

let's be realistic here, if they've been dragging the exchange for 3 weeks then it's a safe bet they don't really want to buy.
Put it back on the market at the original price and see what offers you get. If the current buyers ask anything then give them a deadline of a few days to exchange, while you do viewings and take other offers. 
The prospect of losing some money might help put things into perspective quite quickly!

My first set of buyers also pulled out ( although for different reasons ), we sold again 2 days after going back to the market for a bit more money. Hopefully these ones stick.
Good luck !

Thrugelmir

Mrsemmawright2010 said:

Update:
They brought a builder with them who talked them through the house and the survey.  He reassured them that there were no issues and told them they should proceed as it was well worth the money, according to the EA.
Apparently they didn't look at the lining paper either!!
They are now going to reflect over the weekend which now makes the third weekend in a row where we have failed to exchange and are left wondering if things will go our way.
Thanks to everyone who responded.

On Monday tell the EA to remarket the property if there's no immediate news. That will put the cat amongst the pidgeons. Take control of the situation. 

MFWannabe

Think you’ve been given great advice from the above two posters 👍

Crashy_Time

Tell them it is 20k off no more discussion on price, take it or leave it. It is easy to say "jog on" etc. on a forum, not so cool in the real world if you don`t get another buyer, or find an even more difficult one!

Nile_E_Coyote

Mrsemmawright2010 said:

Nile_E_Coyote said:

MFWannabe said:

You’re being perfectly reasonable and that’s a ridiculous request imo; especially as they’re already paying 15k under asking 

What is asking was 20k above realistic price... it means absolutely nothing.

Not sure what you mean? It was up for a very realistic price as confirmed by 3 EAs and current market....i accepted £15k lower to expediate the process as i had only been given 2 weeks to sell in order to have my offer accepted on the house we are buying.

But that won't always be the case. Loads will get houses valued at 230 ish but list for 250k. When their best offer is inevitably 230k. They haven't been generous and expected lower. The buyers are still paying going rate. 

Nile_E_Coyote

MFWannabe said:

Mrsemmawright2010 said:

Nile_E_Coyote said:

MFWannabe said:

You’re being perfectly reasonable and that’s a ridiculous request imo; especially as they’re already paying 15k under asking 

What is asking was 20k above realistic price... it means absolutely nothing.

Not sure what you mean? It was up for a very realistic price as confirmed by 3 EAs and current market....i accepted £15k lower to expediate the process as i had only been given 2 weeks to sell in order to have my offer accepted on the house we are buying.

Just ignore; sounds like they live in same world as Crashy 

Not at all. But do you think anybody who gets a house for less than asking is getting a bargain?

A house near me came up for 290k. Its now 260k. If a buyer got it for 270k weeks ago, does that mean they got a great deal so can't negotiate money off?

Sellers always get defended on here. I'm not saying the op is wrong, I'm just saying in general, x amount below asking means diddly squat.

Crashy_Time

Nile_E_Coyote said:

MFWannabe said:

Mrsemmawright2010 said:

Nile_E_Coyote said:

MFWannabe said:

You’re being perfectly reasonable and that’s a ridiculous request imo; especially as they’re already paying 15k under asking 

What is asking was 20k above realistic price... it means absolutely nothing.

Not sure what you mean? It was up for a very realistic price as confirmed by 3 EAs and current market....i accepted £15k lower to expediate the process as i had only been given 2 weeks to sell in order to have my offer accepted on the house we are buying.

Just ignore; sounds like they live in same world as Crashy 

Not at all. But do you think anybody who gets a house for less than asking is getting a bargain?

A house near me came up for 290k. Its now 260k. If a buyer got it for 270k weeks ago, does that mean they got a great deal so can't negotiate money off?

Sellers always get defended on here. I'm not saying the op is wrong, I'm just saying in general, x amount below asking means diddly squat.

Not hard to figure out why though? Smart readers get what is going on.

eidand

ok, let's not get into yet another price war debate, enough threads have been destroyed by crashy and his mates. leave this one alone please

AskAsk

Horrible when you sell to someone who obviously doesn't want to buy.