Partner & I disagree on gazundering: fear of overpaying for house in bad economic times

housebuyer143

fewcloudy said:

Has the 1st post been edited or deleted or what? There's no detail about the price of anything, and the title says something about a partner? Huh?

To summarize, the original post was something like, I want to knock £15k of my offer half way through because bad economic times are forcasted. My partner doesn't think we should but I did the same thing on the last purchase and I got a reduction so want to try and do it here. What do people think?

newatc

If you live in the house for a reasonable amount of time (years) the 15k will seem peanuts. I think we paid too much for the house we live in but love the place and couldn't care a fig about that possible overspend years ago.

[Deleted User]

Asking for 15k off an 800k house is not gazunering, it is just messing about pointlessly. Jeopardising your transaction for the potential 'reward' of a 1.875% saving is just pointless.

Besides 15k is not going to be the remedy to bad economic times. If you are in the market for 800k house, 15k is not your rainy day amount.

london21

Will be good to get an update. 

Did OP ask for the the discount and what was the outcome. 

If OP asks the vendor and it's a no, they can still purchase at the original agreed price I would think. 

MysteryMe

I didn't see the original opening post.

If they are talking about just having had a survey done and wishing to renegotiate based on that, personally I don't class that as gazundering.

If they are talking about being some way down the line post survey and only now going to try and drop the price as exchange nears then yep that is gazundering. 

As for gazundering "sensitively" lordy, just own your actions OP. You say you've done it before so just get on with it.  You can't polish turd like behaviour.

comeandgo

It sounds like you have a very upstanding moral partner.  Pity they don’t.

silvercar

If I had to entertain the idea of gazundering pre-exchange for no reason other than the buyers trying it on, the retribution would cost them in the long run. 

They could forget any good will gestures like:

instructions for appliance
me leaving any blinds/curtains that I won't have use for
deep cleaning before I leave
etc 

lookstraightahead

silvercar said:

If I had to entertain the idea of gazundering pre-exchange for no reason other than the buyers trying it on, the retribution would cost them in the long run. 

They could forget any good will gestures like:

instructions for appliance
me leaving any blinds/curtains that I won't have use for
deep cleaning before I leave
etc 

Not sure that would make or break a deal. Who really wants someone else's secondhand curtains and doesn't everyone clean when they move in? Instructions might be useful but you can just get on the internet. Would rather have it all gone.
I think as a seller now you have to consider what's happening in the market. 

Zerforax

silvercar said:

If I had to entertain the idea of gazundering pre-exchange for no reason other than the buyers trying it on, the retribution would cost them in the long run. 

They could forget any good will gestures like:

instructions for appliance
me leaving any blinds/curtains that I won't have use for
deep cleaning before I leave
etc 

People are funny for all sorts of reasons. Our sellers were nice to us through the process. In the end they had to pay £200 for a couple of indemnity policies and then all the "good will gestures" disappeared.

Like others have said, if the vendors are desperate they might have to swallow the price reduction. In most cases, it leaves a bad taste and if they can, they will pull out of the transaction.

alibean121

lookstraightahead said:

silvercar said:

If I had to entertain the idea of gazundering pre-exchange for no reason other than the buyers trying it on, the retribution would cost them in the long run. 

They could forget any good will gestures like:

instructions for appliance
me leaving any blinds/curtains that I won't have use for
deep cleaning before I leave
etc 

Not sure that would make or break a deal. Who really wants someone else's secondhand curtains and doesn't everyone clean when they move in? Instructions might be useful but you can just get on the internet. Would rather have it all gone.
I think as a seller now you have to consider what's happening in the market. 

Oh gosh I’m buying my first house and would cry with joy if there were curtains left. Yeah you’d probably replace them eventually with ones you like but I’m not sure what I’m going to do initially - safety pin a bedsheet onto the curtain pole or something??

I mean it’s not a dealbreaker in a purchase this size clearly but still…