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Buyer reduced bid by 9% before exchange

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Comments

  • RM_2013
    RM_2013 Posts: 435 Forumite
    100 Posts First Anniversary Name Dropper
    edited 25 September at 11:24AM
    Had 6 viewings yesterday and 2 offers. 10k under from a FTB, 10k over from a BTL investor.

    I negotiated the FTB to 5k under asking and accepted the offer. Here's hoping it goes smoothly.
    That’s good to hear.  Hope all goes smoothly for you
  • youth_leader
    youth_leader Posts: 2,991 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Fantastic, nice to hear some good news for a change.
    £216 saved 24 October 2014
  • sevenhills
    sevenhills Posts: 5,938 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 25 September at 11:24AM
    Had 6 viewings yesterday and 2 offers. 10k under from a FTB, 10k over from a BTL investor.

    I negotiated the FTB to 5k under asking and accepted the offer. Here's hoping it goes smoothly.
    If it falls through, take the asking price from the BTL but ask for a deposit.
  • badger09
    badger09 Posts: 11,701 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 25 September at 11:24AM
    Had 6 viewings yesterday and 2 offers. 10k under from a FTB, 10k over from a BTL investor.

    I negotiated the FTB to 5k under asking and accepted the offer. Here's hoping it goes smoothly.
    That’s great news. Hope the FTBs have a decent deposit & can afford the higher mortgage rates. It’s stressful enough selling a Probate property after a bereavement, without being messed around by chancers like your previous purchaser. 

    🤞🏻for you
  • [Deleted User]
    [Deleted User] Posts: 0 Forumite
    Tenth Anniversary 100 Posts Name Dropper Photogenic
    edited 25 September at 11:24AM
    badger09 said:
    Had 6 viewings yesterday and 2 offers. 10k under from a FTB, 10k over from a BTL investor.

    I negotiated the FTB to 5k under asking and accepted the offer. Here's hoping it goes smoothly.
    That’s great news. Hope the FTBs have a decent deposit & can afford the higher mortgage rates. It’s stressful enough selling a Probate property after a bereavement, without being messed around by chancers like your previous purchaser. 

    🤞🏻for you

    Yeah they have a 25% deposit, an agreement in principle, and a conveyancer on stand by. Sounds like they are prepared. He is viewing with his wife on Monday so hopefully she is also keen.

    The EA will also go back to the original buyer and let them know I have accepted another offer. If they decide to go ahead with exchange even at the lower price, I'd be happy with that.
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