Buyer wants to reduce offer after I've signed and sent contract

born_again

m4ry444 said:

k12479 said:

m4ry444 said:

So had feedback. They reckon there is £23k worth of repairs.


I'll give them the joists in the cellar have rot which need repairing to have their mortgage released. 

Is this from your buyers/estate agents? I don't think you've mentioned if your buyers are buying with a mortgage or with cash and planning on refinancing later, but if the former surely this scuppers their purchase anyway (unless they expect you to fix this before sale)?

Apologies. I read the thing wrong, there's been a lot of information! They're waiting on a new mortgage that will allow this to be fixed after moving, not a requirement before

So when did the original mortgage company survey the property?
If they have had people coming round since May. It seems odd that mortgage co have only just pulled the plug due to highlighting issues, such as joists.
If they were planning on extending up or down. Have other properties in the street done that? If not then they may not get planning permission to go up.

Something really does not sound right at all. Wonder if their real issue is that mortgage co have pulled the offer due to delay & their income, based on increase in interest rates. So they are scrabbling around to get a new mortgage offer which will require them to stump up even more money for surveys.

MobileSaver

MobileSaver said:

m4ry444 said:

They've dropped it by 18k which puts the offer 2k above our lowest offer. They said they're serious and this is shown how much they've paid already in surveys and tradesmen. The EA didn't have much to say about it really. 

I learned this morning that a friend of mine finally got fed up with their ever-demanding cash buyer and so put their house back on the market last week; literally within 24 hours they had accepted a new full-asking-price offer.

I wonder how the OP got on?

My friend finally completed a few days ago at full asking price despite some issues with the boundary and sewage system. So it goes to show that desirable properties in desirable areas will always sell at good prices...

Shelldean

MobileSaver said:

MobileSaver said:

m4ry444 said:

They've dropped it by 18k which puts the offer 2k above our lowest offer. They said they're serious and this is shown how much they've paid already in surveys and tradesmen. The EA didn't have much to say about it really. 

I learned this morning that a friend of mine finally got fed up with their ever-demanding cash buyer and so put their house back on the market last week; literally within 24 hours they had accepted a new full-asking-price offer.

I wonder how the OP got on?

My friend finally completed a few days ago at full asking price despite some issues with the boundary and sewage system. So it goes to show that desirable properties in desirable areas will always sell at good prices...

You read it all hoping for an update!

OK was last on when they last posted, so possibly won't get an update 😕

robatwork

Shelldean said:

MobileSaver said:

MobileSaver said:

m4ry444 said:

They've dropped it by 18k which puts the offer 2k above our lowest offer. They said they're serious and this is shown how much they've paid already in surveys and tradesmen. The EA didn't have much to say about it really. 

I learned this morning that a friend of mine finally got fed up with their ever-demanding cash buyer and so put their house back on the market last week; literally within 24 hours they had accepted a new full-asking-price offer.

I wonder how the OP got on?

My friend finally completed a few days ago at full asking price despite some issues with the boundary and sewage system. So it goes to show that desirable properties in desirable areas will always sell at good prices...

You read it all hoping for an update!

OK was last on when they last posted, so possibly won't get an update 😕

Just another selfish OP - eats, shoots and leaves. 

propertyrental

robatwork said:

Shelldean said:

MobileSaver said:

MobileSaver said:

m4ry444 said:

They've dropped it by 18k which puts the offer 2k above our lowest offer. They said they're serious and this is shown how much they've paid already in surveys and tradesmen. The EA didn't have much to say about it really. 

I learned this morning that a friend of mine finally got fed up with their ever-demanding cash buyer and so put their house back on the market last week; literally within 24 hours they had accepted a new full-asking-price offer.

I wonder how the OP got on?

My friend finally completed a few days ago at full asking price despite some issues with the boundary and sewage system. So it goes to show that desirable properties in desirable areas will always sell at good prices...

You read it all hoping for an update!

OK was last on when they last posted, so possibly won't get an update 😕

Just another selfish OP - eats, shoots and leaves. 

Think you mean - eats shoots, and leaves.

km1500

Oh I always heard it as eats, hoots and leaves

robatwork

propertyrental said:

robatwork said:

Shelldean said:

MobileSaver said:

MobileSaver said:

m4ry444 said:

They've dropped it by 18k which puts the offer 2k above our lowest offer. They said they're serious and this is shown how much they've paid already in surveys and tradesmen. The EA didn't have much to say about it really. 

I learned this morning that a friend of mine finally got fed up with their ever-demanding cash buyer and so put their house back on the market last week; literally within 24 hours they had accepted a new full-asking-price offer.

I wonder how the OP got on?

My friend finally completed a few days ago at full asking price despite some issues with the boundary and sewage system. So it goes to show that desirable properties in desirable areas will always sell at good prices...

You read it all hoping for an update!

OK was last on when they last posted, so possibly won't get an update 😕

Just another selfish OP - eats, shoots and leaves. 

Think you mean - eats shoots, and leaves.

I know what I meant 

Emily_Joy

propertyrental said:

Think you mean - eats shoots, and leaves.

Nope. It was a reference to this book: https://en.wikipedia.org/wiki/Eats,_Shoots_&_Leaves

MalMonroe

propertyrental said

Think you mean - eats shoots, and leaves.

Noooooooo! That's making my eyes bleed. NO comma before the 'and' perleeze!

Robatwork and Emily_Joy know what's what. It's the very famous Lynne Truss book that all we English graduates were reading not so long ago. . . .  it's really good.

lookstraightahead

MalMonroe said:

propertyrental said

Think you mean - eats shoots, and leaves.

Noooooooo! That's making my eyes bleed. NO comma before the 'and' perleeze!

Robatwork and Emily_Joy know what's what. It's the very famous Lynne Truss book that all we English graduates were reading not so long ago. . . .  it's really good.

We're eating, Grandpa.