Evening all,
Hoping some from advice regarding a recent property purchase.
I had an offer accepted on a property just over a month ago and are nearing completion. For context I am a first time buyer - the agreed sale price pre covid-19 was 323k on a house that has an asking prices of 330k. Despite thinking I’d offered to much, I decided to continue anyway.
I’ve recently gone back to the buyer to request a reduction i.e. due to the economic climate that will follow. I requested a reduction to 309k but was refused and told that the best and final they’d accept is 318k.
Would you continue with the purchase based on this amount? The property is a small 2 bed which is probably stay in for 5-8 years.
I think this is quite unreasonable but I’m a novice in the property field.
Is this the norm? Would you pull out? All opinions welcome!
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5k reduction.. are they taking the p***
111 replies
AniAfri · 02/04/2020 19:28
OP posts:
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