What would you do...

carly_8889

No exchange and they now want to reduce their offer by £2.5k because apparently the Estate Agent told them early access would be fine.

Don't you just love selling houses.

RAS

Suggest to the EA that they stump up the £2.5k. 

Schwarzwald

carly_8889 said:

No exchange and they now want to reduce their offer by £2.5k because apparently the Estate Agent told them early access would be fine.

Don't you just love selling houses.

They are playing with you/r sister
would just say No

fryedslyce

They sound like chancers, tell your estate agent to decline the reduced offer and put the house back on the market.

Mstty

How much would your property rent out for a month?

On this market you could call their bluff but how long would it take to find another and would.they pay as much now?

All things to weigh up.

carly_8889

I think renting even temporarily would be too tricky a route to go down given the way the divorce has been thus far. Hopefully they're just bluffing but if not the house will be going back on the market.

lookstraightahead

ProDave said:

I would exchange and let them take delivery of the furniture and let them store it in the property until completion.  

So many issues with doing this, please don't. It's still your property until completion and the furniture would be your responsibility. 

Herzlos

carly_8889 said:

No exchange and they now want to reduce their offer by £2.5k because apparently the Estate Agent told them early access would be fine.

Don't you just love selling houses.

Do they have it in writing? No-one in their right mind would allow early access for someone to start alterations.

How desperate are you to sell? How desperate are they to buy?

You'd think they'd try and do what they can to bring the exchange date forward rather than adding delay.

Honestly, they sound like they'd be nightmare purchasers. You just know you'll be contacted immediately asking for compensation because a room is 2mm narrower than the floor plan says, or there's a squeaky floor board or whatever.   If you're not desperate to sell, I'd be inclined to just withdraw and put it back on the market.

gwynlas

EA have been known to say anything to get purchasers on board but this is trumped by the legal side. Either they exchange at agreed price, the EA admits their mistake and pays £2.5k out of their fee or the property is remarketed. If they refuse to stump up they are left having to take delivery of furniture supposedly about to be delivered and pay for storage. For he sake of an extra months mortgage payment your sister is best sitting tight rather than caving in.

Tiglet2

If they reduce their price by £2.5k, they will need to let their lender know.  The lender will issue a new mortgage offer with the new price.  Would this affect any loan to value?  This may well delay the process, so make sure you let the EA pass this on to your buyers.

I'd be inclined to tell the buyers that there is no negotiation on price at this late stage.  Tell them to accept the price or walk away.  Their choice.  No solicitor would advise you let them have early access and the EA was stupid to have suggested this.  The property is yours until completion.