Worried about Gazumping?

Zerforax

Not really anything you can do to control it. Similarly your vendor might be worried that you might try and reduce your offer last minute as its been 7 months of waiting.

Noneforit999

Kuztardd said:

I am curious how any of you have dealt with a last-minute price adjustment by a vendor?

It's been nearly 7 months since the guy agreed to the sale, and we've not even yet exchanged!! And yet we are being told the completion 'should' be in 2 weeks. We are concerned that the vendor will be wanting more ££ for the home. So I thought I would hear all your stories of how any of you dealt with a requested 'price adjustment'?

We are currently selling and its been 5 months and counting, we still don't have an exchange date.

I have no interest in increasing the price, at this point I just want the house sold considering we are moving into an empty property.

With interest rates slowly rising and inflation going up, it would not be smart for a vendor to try a last minute price increase, especially if the buyer has already got their mortgage offer etc and the conveyancing is largely complete.