Reducing Offer after we proceeded to sale

HeadInSand_2

There was enough gazumping going on in the last 10 year bull run (sellers taking higher offers at the last minute and leaving buyers high and dry) - go for it, gazunder them, it's a bear market now, if the seller doesn't like it they can always say no.
Funny how it's fine for a seller to drop a buyer, but a sin worse than murder to dare to decrease your offer :rolleyes:

Den

I don't expect it to be cleaned, just wanted to highlight that house seems to be cleaned months ago. Nobody prepared it for viewing. Was not going to give this as reason for sure :rotfl:

Davesnave

Funny how it's fine for a seller to drop a buyer, but a sin worse than murder to dare to decrease your offer

To be fair, I don't think people on this thread have talked-up gazumping.

As a buyer, I have changed my mind over properties and walked away when further research has thrown up a problem. In a rising market, you sometimes have to act first and do the detail later, especially in an area you don't know well.

As a seller, I've had people change their minds and walk away too. Annoying, but understandable, if they've seen something better for them.

I've never had anyone come back and try to renegotiate the price directly. If I did, I'd tell them to 'go forth and multiply' forthwith. Why? Frankly, I don't want to get myself into involvement with another property if I think I can't trust my buyer. It's bad enough dealing with well-meaning idiots who can't commit. If someone offers less cash a short way into the deal, (like the OP) who is to say they won't come back, close to exchange, and try it on again?

It appears the OP is a FTB and relatively inexperienced with EA tactics, possibly feeling aggrieved that he walked into this with his eyes shut, in which case I can sympathise. However the original advice holds. Go for it if you like, with your eyes open to the fact that you might be dealing with someone like me!

dopester

In normal circumstances I would be on the side of integrity... following through with your commitment ect ect.

However these are not ordinary times. None of the people here will be saluting you for your integrity whilst you are lumbered with a hefty mortgage in gloomy market conditions.

One thing though...

Den wrote: »

I understand my options and don't want to loose 1.5K in fees already paid.

Please understand that in this context it is "lose" - not "loose". Normally I let this go but you've insisted on typing it as "loose" in too many of your postings.

Lose = the opposite of win / Loser = the opposite of winner
For example: I understand my options and don't want to lose 1.5K in fees already paid.

Loose = Something not firmly fixed in place or held together, not tight (not fitting closely), not tightly controlled or not exact. For example: The car wheel fell off because the bolts were loose.

Davesnave

Please understand that in this context it is "lose" - not "loose". Normally I let this go but you've insisted on typing it as "loose" in too many of your postings.

You are well named. The poster clearly doesn't have English as his first language. He asked for advice, not an English lesson.

As the parent of a dyslexic, people like you really p*ss me off!

dopester

Temper temper.

His English seems otherwise perfect. My post was also directed solely towards him - as he may find it useful information to know.

My correction has no relevance to the problems you and your dyslexic child have sought or seek to overcome.

Davesnave

My correction has no relevance to the problems you and your dyslexic child have sought or seek to overcome

They are only problems when she deals with people like you. She's an adult and, despite everything, very successful, but can you imagine what would happen if she posted on here?

Your correction has 'no relevance' to the issue under discussion. Period.

Oh, and I reserve the right to loose my temper whenever I like!

culpepper

How about getting an estimate yourself for the garden and decoration assuming you can get access and then submit that to the vendor?
Or ask them to have estimates done and get the work done before you complete because otherwise you would expect them to lower the price to reflect work that needs doing?
It sounds as though they are either selling a late relatives house or are selling for divorce and either way, nobody is in residence hence the rather untidy state of things and the need to upgrade decor etc.
If the house is not really one that you love anyway, maybe it would be better to drop out now with the market falling and you being in a better position as a buyer and shop around again, there may be much more choice now than when you first looked.

gfplux

Do unto others as they would do unto you.
BUT
Do it First!

Den

Thank you dopester! :beer: Agree that did not know spelling

dopester wrote: »

Please understand that in this context it is "lose" - not "loose". Normally I let this go but you've insisted on typing it as "loose" in too many of your postings.