FTB asking for 5K reduction just before exchange

badger09

youth_leader said:

I had a dreadful buyer who wanted the skin off my back as well.   I did take the advice from here and suppressed the emotion I felt, fortunately my hunt for a dead badger was fruitless.

 

Thank goodness for that :'(

unforeseen

Skiddaw1 said:

If it were me, I'd leave a bag of chocolate money for them.

On a radiator

teachfast

Sid91 said:

macman said:

lookstraightahead said:

Sotts said:

Call their bluff.  They won't want to lose all the money they have spent on surveys, solicitors etc.  Tell them no, don't even offer £500.   They are trying their luck.

Or they are genuinely going to pull out.

Why? It's not a budget issue. Before they had the EICR done, they were prepared to pay £5k more. Had the EICR come back as 'no work required', then they would have no logical basis on which to reduce their offer. Now it's come back saying that it's not compliant (which no CU installed before 2018 is), they want £5K off. For work that will cost £1500 at most. There's no logic to this.
But unfortunately the OP has shown themselves willing to cut the price, not once, but twice (despite marketing at less than the EA's valuation) and they're seeing how much further they can push them.
I know which one I'd rather play poker with.

Trust me, I will not be coming down anymore, they either take it or leave it. If they pull out then they will lose quite a bit of money and have nothing to show for it. He needs to stand up to his dad. When I met the buyer her was really excited and now his dad has stepped in it's all gone to pot!

Exactly this. We lost a sale for very much the same reasons: buyer very excited, dad got involved, went to pot. 

Luckily the next time round I was dealing with the buyers themselves, not a dad by proxy, and that got us over the line (they asked for a large reduction and I just flat out refused - they still bought our house).

macman

RatInACage said:

lookstraightahead said:

RatInACage said:

Admittedly, it's been a while since I sold anything. I thought you just agreed to clear the property (so wheelie bins don't count since they're owned by the council) and leave anything that's actually attached (so you could take the bulbs and manuals, but not the light fittings and built-in cooker).

Nope most of it is on the transfer form. Including any instruction manuals that you say you will leave.
Remember that although the op has had a nightmare time, they've still got a seller. 

Which transfer form is it? I vaguely remember a form where people agree to leave specific things that wouldn't necessarily be left (e.g. appliances, curtains), but I can't remember the subject of consumables like lightbulbs or things not everyone keeps like manuals coming up. Those are just things I would leave because I'd imagine they'd be useful, I wouldn't think to add them to any form. I'm also planning to leave a bin schedule and some other information that I would have found useful when I moved here, but I can't see those being on a form.

The SPIF that you completed and returned to your conveyancer.

lookstraightahead

Aside from this situation (where I appreciate the Ops dilemma) Dads or parents can add reality to a situation where FTB are being taken for a ride. 
Or are people meaning that sometimes parents getting involved means the seller can't pull the wool over their prospective buyer's eyes?
we sold a probate house to FTB recently and having the Dad involved was great as he offered sound advice - telling his son to get a full structural survey etc, something you should expect with an old house. I was pleased my buyer had that support,