MONEY MORAL DILEMMA. Should you demand a last-minute property discount?

mazzybaby33

Yes I would try and get a discount They themselves could do the same and so on along the chain sorry if this sunds harsh

Mazzy

BE BLATANT
BE EMOTIONAL
RISK EVERYTHING

:rolleyes: :rolleyes: :rolleyes: :rolleyes: :rolleyes: :rolleyes: :rolleyes: :rolleyes:

TOPSY_2

Gazumping and reverse gazumping are symptoms displayed by people with no moral compass - similar to politicians with snouts in the trough - and other selfish and self-centred money lovers.

Paul_Herring

TOPSY wrote: »

Gazumping and reverse gazumping are symptoms displayed by people with no moral compass - similar to politicians with snouts in the trough - and other selfish and self-centred money lovers.

Are they? I beg to differ.

macatak

I'm about to do this pretty much. As a first time buyer I have no real incentive to complete the deal (in fact I'd be shooting myself in the foot). No one is making you sell, and in fact I'm happy not to buy right now. Unless I can get a price which makes me comfortable about the coming problems, I'm out.

Cheshireite

You should do all your haggling on both the sale and purchase at the beginning. You should not give in to such blackmail nor expect others to do so.

swiftlx

I would negotiate the full 10% quote strongly, then if they were unwilling I would offer to meet them 1/2way (5%) because at the end of the day I won't be spending more than i expected.

Also if I had signed anything then I am not sure what I am legally expected to do, full offer price I suppose...

Quiffco

This is very relevant for me, I've had an offer accepted 3 weeks ago, but I didn't negotiate, I offered the asking price, because the mortgage I was going for (bristol + west 100% professional mortgage, 6.09%, fixed 5 years) was pulled from their line up, so I had a matter of hours to go from agreement in principle, to having had an offer accepted, and knowing the asking price would be accepted and the seller was in no rush to sell, that's what I went for, and am now kicking myself about it.

I didn't realise the offer wasn't legally binding, but I'm not sure I'll go for a discount until the valuation comes back, if the valuation says less, then I have no choice but to reduce the offer as it's a 100% mortgage!

otherwise, I would like to have negotiated the price a little, even 1% to pay the stamp duty would be great, so I may consider it.

cockshooters

Completely morally wrong!
:beer:

Tomlad

In the last few years people have "made" a fortune out of over inflated property prices. Many of them only too happy to have a good boast about it. Interesting to note how many people think that its an outrage for prices to go the other way. :rolleyes:

As far as the original question its quite simple. If you can legally demand a discount you do. If not, you don't.

Tomlad

Bristle_Hound wrote: »

With questions being posed by potential buyers like this it can only make the fragile property market go into more crisis

My house is for sale at the moment and if someone did this to me, I'd tell him to go f*** himself!

I know money is money after all but I'd rather lose the sale than give in to what I consider is BLACKMAIL!

If you do do it, don't be upset if the seller smacks you one!

You've been warned!

Meanwhile back in the real world... :whistle: ...