Dropping price after survey

[KurriKawari]

I accepted £7k less than asking price on my property. I found a house I loved and these were cash buyers so i thought quick sale. They had the Home Buyers Survey done. It came back with damp in one room which i knew it would. I had quotes last year for the work and it was £800-£1000. There are also a couple of cracks in one bedroom. These also came up in the survey when I bought the house, but the surveyor told me it wasnt an issue and to be expected in an old house. The buyer is now proposing that he pay me £5k less than the agreed price. I am not sure why he is dropping the price that much and he is just trying to bamboozle me with figured and his smooth talking. Is he being a CF?

[NavyBerry]

He is just trying his best to get it as cheap as possible. No need to accept, it's just negotiation

[Rhubardandcustard]

Just go back to buyer and Sami yoh had quote to fix problem and its circa 1k max so you are not prepared to drop price by more than it costs to fix the issue.

[Grumpyunleashed]

Or you could simply say that you priced the house appropriately for its age and condition.
Still you might consider a couple of hundred £ as a good will gesture.

[KurriKawari]

Grumpy you're so right and that's totally true. I've given them the weekend to decide if they're sticking to the agreed price before I put it back up for sale. Thank you.