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House buyer reduced offer

angelasocks
angelasocks Posts: 135 Forumite
100 Posts Second Anniversary
edited 8 September 2022 at 2:14PM in House buying, renting & selling
Newbie hope this lands in right place.

My house is on the market and a buyer firstly offered 35% below asking price.  I've ignored this and later offers and eventually they offered £115k which seemed good.  So I've accepted it but then after coming to view with her family they have reduced their offer back to £105k because they say they think there are problems with the roof, no survey has been done yet.  They picked up on some other minor repairs that I told them about I estimate £500 but am trying to get them repaired myself.

I've rejected this offer explaining that the repairs I know about are only £500 and the roof if there are issues would be picked up in the survey.

I think I'm concerned that they may try to reduce the price again only nearer to completion (gazundering ?).  Understand if there are issues with the survey but if not they still might want to reduce price again for another questionable reason. 

Tempted to ditch them completely but I might be shooting myself in the foot.  I'm not in a chain on my upward move the sellers are friends of mine and are been very obliging. 

Any advice appreciated
Thank you
«1345678

Comments

  • Thanks user1977 - her brother looked in the loft and said he saw daylight and that's the basis for her reduction.  Asked him if he was in the building trade but he just a vague answer.
  • sheramber
    sheramber Posts: 23,216 Forumite
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    It sounds like you will be better off without them.

    What other stunts will they pull before the sale is complete?
  • Brie
    Brie Posts: 15,547 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Thanks user1977 - her brother looked in the loft and said he saw daylight and that's the basis for her reduction.  Asked him if he was in the building trade but he just a vague answer.
    Strangely when we got someone in to deal with a leak in our roof he approved of the fact that there was some light between the tiles.  It was because of the type of building and the materials used which meant that the roof needed to breathe else there would be excess damp and mold.  

    On our first attempt at purchasing we lowered our price by about £10k after getting a very scary survey report back.  I was willing to split the difference but the seller simply said no.  So we went off and bought a nicer place for the same amount down the street.
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  • sheramber said:

    What other stunts will they pull before the sale is complete?

    Yes that's my worry tbh.  Thank you for the comments very much appreciated.
  • caprikid1
    caprikid1 Posts: 2,496 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I would not entertain this buyer, they will never pay a price close to what you want.

    They are chancers / players, often this type of buyer is so obsessed with discount over value they never achieve a purchase as they are just too troublesome to deal with.
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