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Renegotiating Sale Price

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Comments

  • Jeez, people like the OP make my teeth itch!
    Shout out to people who don't know what the opposite of in is.
  • BikingBud
    BikingBud Posts: 2,636 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Esper said:
    OP, sounds like a right PITA ... if you have no plans for the money then the present offer will suffice ... 

    Even though this might not be an emotive transaction, there will come a time when you might be in that position to buy a home when it does become so.

    If that happens I hope you don't have a buyer like you. You state "you may have another house to sell later on"...do you think this makes you somewhat superior ?  There are many on here who have vast portfolios so yours is not that impressive 

    Not at all! Last thing I want is a vast portfolio and there are always plenty of wealthy people about. Comparison if the thief of joy and all that. These are houses I've accumulated along the way.
    Is accumulating houses similar to being an accidental landlord?

    Walter Mitty
  • Kyrae
    Kyrae Posts: 541 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Well if you do pull out of the sale, maybe you could look down the back of your sofa for loose change and pay off any fees the buyer has already paid out like surveys and searches etc?   :D 

    Hoping this thread is a wind up, but it has been an amusing read!
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    500 Posts Second Anniversary Name Dropper Photogenic
    edited 7 February 2022 at 8:44PM
    Esper said:
    It is your property to sell and you should sell at the price you want to, regardless of fear of hurting a person's feelings. But expect some kind of comeback if the result is significant loss to the buyer.

    Just out of interest. What kind of comeback? My understanding is there would be none? Apart from the reputational risk.
    Technically there would be none. But a person can cause a lot of hassle and trouble if they wish. If you happen to do it to such a person…

    Did you ever watch homes from hell!
  • Murphybear
    Murphybear Posts: 8,100 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Esper said:
    Hi,

    I'm selling a property which is 750k-ish. Offer is reasonable but not "amazing". It was my main residence but is no longer (not that it really matters but is currently sat empty).

    What do people think about a seller (myself) renegotiating since the market seems to incredibly hot at the moment?

    Would it be better to just ditch the existing buyers and re-market it, I'd be happy to give them first refusal.

    thanks for your help!

    If I had made an offer then got ditched but were given first refusal to make a higher offer I wouldn’t touch the seller with a proverbial barge pole.  

    We got gazumped about 20 years ago then the EA said the buyers had dropped out and were we still interested.  He didn’t understand why we said no  :D.  
  • Esper
    Esper Posts: 26 Forumite
    10 Posts Name Dropper
    BikingBud said:
    Esper said:
    OP, sounds like a right PITA ... if you have no plans for the money then the present offer will suffice ... 

    Even though this might not be an emotive transaction, there will come a time when you might be in that position to buy a home when it does become so.

    If that happens I hope you don't have a buyer like you. You state "you may have another house to sell later on"...do you think this makes you somewhat superior ?  There are many on here who have vast portfolios so yours is not that impressive 

    Not at all! Last thing I want is a vast portfolio and there are always plenty of wealthy people about. Comparison if the thief of joy and all that. These are houses I've accumulated along the way.
    Is accumulating houses similar to being an accidental landlord?

    Walter Mitty

    It's just easy to get leverage to buy property so you end up accumulating.
  • Esper
    Esper Posts: 26 Forumite
    10 Posts Name Dropper
    I think I've figured this is a complete wind up ... never mind ..I'm off to play with the grown ups 

    No. Anyway i'm done here. I got what I needed despite everyone's rage.
  • TheJP
    TheJP Posts: 1,988 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    Esper said:
    I think I've figured this is a complete wind up ... never mind ..I'm off to play with the grown ups 

    No. Anyway i'm done here. I got what I needed despite everyone's rage.
    You are a troll, no one earning six figures almost seven (your words) would look to hijack a sale due to market inflation. 
  • Esper said:
    I think I've figured this is a complete wind up ... never mind ..I'm off to play with the grown ups 

    No. Anyway i'm done here. I got what I needed despite everyone's rage.
    No rage here.
  • Out of interest, could the estate agent sue?

    You've got a proceedable buyer. I'm pretty sure the EAs contract would go that far.
    I mean 1.5% on £750k is going to strip any benefits of pulling out.

    Not to mention you'll struggle getting another one once your name gets bandied about.
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