Reducing Offer after we proceeded to sale

slipp_digby

the market is not a bad as you think it is.

if I was the vendor I would flick you the v's and go back to the other couple

chappers

maninthestreet wrote: »

It doesn't cost £4000 to re-decorate a house and clear some rubbish from the garden.

How much do you think it costs then.

sounds about right to me.

Vincenzo

chappers wrote: »

How much do you think it costs then.

sounds about right to me.

I wish I could get my house redecorated for £4,000! Depends what you mean by 'redecorate' I suppose.

Den

This is quite honest reply. Thank you.

Davesnave wrote: »

What you're doing is almost 'gazundering,' which is the opposite of gazumping and typical of a buyer's market. However, true gazundering isn't carried out till exchange, when everyone is more heavily committed to the sale and the chain well-established.

Regards property: This house was not on primary pick when we viewed it, and EA showed us just in case, cos it matched our criterias.
We could not access garden during first two viewings, becase door was stack or lock problem, so did not see garden at all.
Because it was not our our main list we did not pay attention to details. The price made our main decision, but my original offer was 198K, it's EA made me to push it up.

I think that all upset replies are from sellers. But it's buyers market and I why we would not try to reduce prices if we can. I could not buy one property in the past because vendor accepted higher offer after mine was ageed, and I lost on fees.

I also got felling that EA agents were not honest about another offer.

zzzLazyDaisy

If you no longer care whether you get the house or not, go ahead and get your solicitor to make a reduced offer to their solicitor (have you got as far as instructing solicitors yet? If not, put the offer through the EA). What have you got to lose, only the house and it sounds as if you are really not very bothered whether the sale goes through or not.

Den

VFR-Rider wrote: »

* yesyes, offer X - 5% until X etc :P

I did exacly that, taking into account all decoration aspects, etc. But EA pushed my offer to my final price I can pay. Now, after viewing it and seing that everything including curtains, lamps and even toilet seat :rolleyes: will be taken, though I don't need it, ealising that I was right with my original price.
Forget things like appliances at the kitchen. I did not know this during viewings. This place seems like it has not been cleaned for years. Spiders ocupied ceilings, again I did not see it, cos EA was doing his job giving us a tour.
Fair enough, I don't feel great about doing it, but I commit myself to this property for years, and want to buy it for right price. It's a market.

Vendor did not tell me that they have to buy something, advertising it chain free. Wounder why it was important for them to complete quickly.

I would like to know experience of other people, what happend and how did it happen. I will be doing it, but would like to do it right way.

Den

pickledpink wrote: »

You've got some nerve!

I don't and feel guilty, that's why came here for advices. Thanks

shelly

Den wrote: »

Regards property: This house was not on primary pick when we viewed it, and EA showed us just in case, cos it matched our criterias.
We could not access garden during first two viewings, becase door was stack or lock problem, so did not see garden at all.
Because it was not our our main list we did not pay attention to details. The price made our main decision, but my original offer was 198K, it's EA made me to push it up.

So there were no windows to look out of to see the garden at all? Surely you must have had some idea what sort of state it was in.

Its no-one elses fault except your own that you didn't pay attention to details. Also, no one can make you push your offer up. If you didn't want to offer more than 198K you should have said no. Its not rocket science.

Personally If I was a seller I'd tell you where to stick your latest offer. If people are going to mess vendors around after a few weeks whatever would the rest of transaction go like....not good IMO.

Put yourself in the sellers shoes for a minute. If you thought you had sold your house then the buyers come back and want to renegotiate the price again what would you do?
Don't tell me you would be happy to accept the lower offer and carry on with the sale because I won't believe you.

I'd say you had cause to lower your offer if the survey bought up something major but you said yourself you just want the money to redecorate and tidy the garden. You should have thought about that before, not weeks down the line.

Cardinal-Red

I am absolutely astonished at some of the vitriol contained in some of the replies here.

From my point of view, and speaking generally here (I don't know the house obviously) I would consider £200k offer on a house listed at £202k to be far too high anyway.

Den - do what you want to do. As a couple of other people have alluded to (you included!) it doesn't sound like this property has entirely won you over so don't worry about walking away if you don't want it.

As the seller, yes I'd probably hate you for it... but so what? Why do you care about that one little bit? The day of the seller pulling all the strings has LONG gone, and it wouldn't surprise me if the EA was making up the £200k offer just to get you to bid full price.

Den

slipp_digby wrote: »

the market is not a bad as you think it is.

if I was the vendor I would flick you the v's and go back to the other couple

It's not bad?! Do you read news? Yes, some people believe that prices are right these days.

I'm not afraid to loose, cos will be able to recover legal fees quite quickly, but it will take me longer to clean this property.