Buyer wants me to drop the price to account for windows

lincroft1710

BungalowBel said:

We now have a Georgian one (George V) built in 1930.

.

House built in 1930 isn't "Georgian" it is "Inter War". "Georgian" is from 1714 to 1837 spanning the reigns of Georges I to IV and William IV. The period c.1795 to 1837 is also known as "Regency" 

youth_leader

I remember your previous posts @faerielight and just wanted to wish you the best of luck.  I do hope your new place is on one level, as you wanted.

Personally I would not budge an inch now, the buyers either exchange or withdraw.  As for your comment about reducing the price as it is Victorian, older properties are more desirable because of the build.   Did they give this as a reason for offering under? 

I had accepted an offer of £355K and my buyer reduced it to £305K following his survey, quoting ridiculous 'estimates' from his surveyor for various works that were fully visible on his viewings. 

Murphybear

Tabieth said:

There’s no right answer here. You could say no, agree, or meet halfway. It depends on lots of factors that only you know. 

But I’m confused. Why is your house worth 8k less because it’s Victorian? 

In many areas Victorian houses are desirable.  A friend of mine put her Victorian house on the market a year after her husband died.  I persuaded her that those properties are popular and not to underrate it.  She was surprised that not only did it sell very quickly but there were many viewings.  

Tabieth

Murphybear said:

Tabieth said:

There’s no right answer here. You could say no, agree, or meet halfway. It depends on lots of factors that only you know. 

But I’m confused. Why is your house worth 8k less because it’s Victorian? 

In many areas Victorian houses are desirable.  A friend of mine put her Victorian house on the market a year after her husband died.  I persuaded her that those properties are popular and not to underrate it.  She was surprised that not only did it sell very quickly but there were many viewings.  

Yes, I know. I’ve just bought a Victorian terrace. I just don’t know why the OP would jump to that conclusion. 

incus432

Given you alrady accepted a lower offer I would probably say no for the reasons other give. They saw the windows. Have they had a survey done? Who's to say they wont find something else to come back to try to knock you down more?

faerielight

thanks for all the replies.. i have offered £500 in the end as a contribution.  as it is all I have, otherwise I wont have money for removals.. I can't go any higher, and she did buy the property with the windows visibly seen. .. im so close to exhange now, i just really need to move. 

youth_leader

I am glad you have reached a decision.  Good luck with your move, I hope you are happy there   I couldn't cope with my buyer constantly chipping at the price and ended up going to auction, which was a bad move!

faerielight

aw thanks so much.. I  wrote them an email explaining my financial situation, and they have decided not to renegotiate.. I'm so relieved.. Hopefully things will move now and we can set a date soon to exchange... sorry to hear going to auction didnt pan out! it's such a stressful system here in the UK.. I'll be so glad when it is over and I'm in my bungalow

ReadySteadyPop

youth_leader said:

I am glad you have reached a decision.  Good luck with your move, I hope you are happy there   I couldn't cope with my buyer constantly chipping at the price and ended up going to auction, which was a bad move!

Why a bad move?