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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To ask for a discount so early on (house purchase)

30 replies

Acheess · 03/09/2024 00:34

My offer was accepted 2 weeks, and nothing much has happened as i went on holiday.

This Property was on the market for £435k and my offer of £405k was accepted.

Today, a neighbouring property was posted on Rightmove, and while the internal layout is the same this new property is in much better condition: it looks cleaner and is fully redecorated; the property I'm buying looks tardy in comparison and will need some minor work.

This property has been listed at £425k, which makes me think it will sell close to what i offered (£405k).

I feel I'm overpaying and am tempted to ask for a discount, but, I think, it will be viewed as cheeky as the offer was made 2 weeks ago.

Am I being unreasonable? I don't want to lose out on both.

OP posts:
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FanFckingTastic · 03/09/2024 12:04

Are you a first time / cash buyer OP?

If you are now not happy with the offer that you have made then I would let the vendor know ASAP. They may potentially look at their pricing or they may tell you to jog on and put the property back on the market. Either way at least you will have been upfront before the vendor (and any potential chain) incurs more cost and wastes more time.

FranceIsWhereItsAt · 03/09/2024 11:51

I wouldn't be overly concerned about both houses going on the market fairly close together. This often happens, when neighbours see a house has gone on the market and sold fairly quickly, and at what in their opinion is a good price, and if they've been thinking of moving too, for whatever reason, it's often the spur they need to put their own on the market. I've moved quite a few times, and it really does happen quite often. It could of course be that there is a problem in the road/area, but maybe knock on at a couple of houses in the street, and have a chat with your prospective neighbours, tell them you're hoping to move there, and ask if there are any problems locally, like kids making a nuisance of themselves, burglaries, etc. It's often worth researching police reports in the area in general to see if crime is bad too.

BIossomtoes · 03/09/2024 10:07

Acheess · 03/09/2024 01:40

It looks like a boy whose shirt in never tucked in, whose hair is a mess and who is always late.

Tardy means delayed, ergo it’s impossible for a house to be tardy. If I were your vendor and you asked for another reduction on nebulous grounds I’d tell you the property is no longer available to you on the basis that you’d be a pain in the arse throughout the entire process.

Thistooshallpass24 · 03/09/2024 10:03

Lots of "ifs" view it offer on it go from there , it might go for more than asking, it might appeal to more ppl so more competition ? It might have issues ?
Lots to think about but also comparison is the thief of joy,

gardenmusic · 03/09/2024 07:38

For all the sellers who have been dicked about, did you know that you can insure yourself against purchasers like this?
So many people think they will take you to exchange then drop the price on you, so that you lose money and the property you were buying - it's heart breaking, stressful and costly.
There are insurance policies that cover you against chancers - they are not ideal, because there is some leeway for the price drop before the policy kicks in, but it does cover some of your costs. Best not to let the purchaser know you are covered, so that they cannot angle the value of the price drop.

Cyclebabble · 03/09/2024 07:34

Unless there is some new information which would mean the price needs to be revised as a seller I would simply say no. if you then withdrew your offer I would not then accept you buying the house at any price going forward. The Estate Agent might also see you as a time waster.

isthesolution · 03/09/2024 07:34

Go and look, put an offer in if you want but if my house was up for £425k I'd not be accepting £405k when it had only just gone on the market.

Shopgirl1 · 03/09/2024 07:28

I think “tatty” was possibly meant, as opposed to “tardy”.
I would be careful here, like others have said, you don’t know what the second house might actually go for and it sounds like you got a good price on the one you offered on. Will €20k bring it up to the standard of the new one?

Meditationgame · 03/09/2024 07:25

carrotcard · 03/09/2024 07:24

I'd be a bit concerned they were both up for sale at the same time. Have a dig around on the council website. Make sure you get a REALLY good survey. I'd worry there's a problem they both know about.

This. What's being built in the vicinity that's upset the current residents. Also get a survey and use it as bargaining power.

carrotcard · 03/09/2024 07:24

I'd be a bit concerned they were both up for sale at the same time. Have a dig around on the council website. Make sure you get a REALLY good survey. I'd worry there's a problem they both know about.

SD1978 · 03/09/2024 07:20

Your assumption that because the place you offered on accepted your lower offer, a house in better condition will do the same is flawed. If you offered 30k below, then came back for another discount 2 weeks later, I'd be considering pulling out.

Antsinmypantsneedtodance · 03/09/2024 07:17

I'd be more curious as to why two houses next door to each other have gone on the market within such a short period of time.

Also from pricing seems like they're very keen to sell. One accepted 30k below asking and other in better condition has potentially underpriced.

I may be being suspicious and could be very valid reasons for this. But i'd have a nose around local fb community group etc to see if there may be a reason.

TarantinoIsAMisogynist · 03/09/2024 07:12

View the other house and make an offer if you want it. They may or may not accept.

Nothing has actually changed since you made your previous offer.

LlynTegid · 03/09/2024 07:01

I would like the law on house sale and purchase to be the same as in Scotland, or a better reform.

So a no from me, as this would rule out your idea.

PhilosophicalCheeseSandwich · 03/09/2024 06:59

The obvious thing to do is make an offer on the other house, not try to get a discount based on what-ifs and maybes.

Paisleydad · 03/09/2024 06:55

You made an offer you were happy with. Don't be a dick.

blackcatstotallyrule · 03/09/2024 06:09

Also, you’re being really short-sighted focusing on things like minor cosmetic work (and I’m guessing you’re a first time buyer). You haven’t mentioned anything about the situation of either property, eg whether there’s a chain. Or about the structural condition of either property.

Honestly, if you ask for a discount you’ll be alerting the sellers to the fact you’re going to be a nightmare and possibly doing them a favour by highlighting this early on. By all means view the other property, but I’m not seeing any reason to ask for more money off, sheesh.

blackcatstotallyrule · 03/09/2024 06:07

You got £30k off the asking price, but you think you should get more money off because another house that “looks cleaner” and has slightly fresher paint is on the market for £20k more than you’re paying? Make it make sense?!

Row23 · 03/09/2024 05:49

If the second property is in good condition then the sellers are much less likely to accept a lower offer - it’s probably been priced expecting people to offer round the asking price, or to even encourage a bidding war to achieve over asking price.
Forget what your property was advertised at. You’re only paying £405 for yours so that’s what it is worth. But it sounds like with a bit of work you could make it worth the £435 it was originally listed for, or even more.
I’d personally stick with the one you’ve already been accepted on. If you go for the second one it’s much more likely you’ll pay at least the asking price.

Dreameeeerrr · 03/09/2024 04:56

Put an offer on it, if its accepted then negotiate with the current seller or buy the second one. You gotta think of yourself in these things.

Yoe · 03/09/2024 01:55

Tbh I understand where you are coming from but if you really want the house be careful a price was agreed and the seller can become annoyed if you asked for a further reduction and basically say no and put it back on the market. The nicer house may attract more buyers and you could end up in a bidding war. It’s a hard one and only you can decide

Acheess · 03/09/2024 01:40

BooToYouHalloween · 03/09/2024 00:51

Presumably the condition was taken into account when they accepted your offer - 30k below asking is quite a discount. If I was the seller and you asked I’d be massively unimpressed.

Fair point, I would be as well

OP posts:
Acheess · 03/09/2024 01:40

HelenaWaiting · 03/09/2024 01:13

Am I the only one wondering how a house can "look tardy"?

It looks like a boy whose shirt in never tucked in, whose hair is a mess and who is always late.

OP posts:
Acheess · 03/09/2024 01:38

CallMeFlo · 03/09/2024 01:16

Or maybe they've accepted your offer factoring in that there's work needing done. The other house may go for the full asking price if it's in walk in condition.

True, might go above. I am assuming things.

OP posts:
CallMeFlo · 03/09/2024 01:16

Or maybe they've accepted your offer factoring in that there's work needing done. The other house may go for the full asking price if it's in walk in condition.