We're due to exchange this week and our buyer has suddenly dropped their offer from £110,000 to £100,000. They're saying it's because the survey threw up issues around damp, the flat roof and the chimney. But they had the survey for several weeks before starting to seek quotes for this work, plus the new offer bears no relation to the quotes - the reduction she's proposing is almost twice what the quotes come to (not that she told us that to start with but our EA worked this out for us and we then asked to see the quotes).
Also, she was adamant she also needed an electrical survey but has never got one (saying she was struggling to find an electrician - even though our EA offered her the electrician they use for the lettings side of their business) and this morning changed her mind about needing one. I now suspect she never intended to get one but has used this to delay things til the last minute.
Our buyer's buyer is the bottom of the chain and has to complete by 24th March or their mortgage offer expires and they can't get it renewed. So I feel this is in our favour - if she sticks to her guns re her new offer and we tell her where to go then she doesn't just lose our house she also loses her buyer.
But we do really want the house we're buying and don't want to risk losing it. Although if we accepted her new stupidly low offer we wouldn't be able to buy our new house anyway.
What would others do?
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69 replies
Polly2345 · 13/03/2017 18:33
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