To question AIBU to refuse to renegotiate house sale offer because buyers have been waiting a long time

i think you have misunderstood the OP.

YABVU. Either you want to sell or you dont. If you want to sell, then move into rented yourself. If not then stop dangling them on a bit of string and take it off the market

YANBU to say no, they would not be unreasonable to walk.

Morally, if you aren’t that bothered about moving, you should tell them upfront.

This has to be a reverse

Your buyers have kept their side of the bargain by moving into rented which makes you chain-free. Meanwhile you're not proceedsble, and have a stinking attitude on you towards these reliable people who have been honest towards you at every step.

A canny property owner recognises a good buyer when they see one and values them highly, because they are few and far between.

give your head a wobble! Either pull out, be honest and apologetic that you're going to take a month of Sundays before you become proceedable, or accept their reduced offer because the situation has changed since you first struck the deal.

You ought to be renting, not them! You are CF playing them like this.

Either sell them the house or take it off the market

You're not BU. The buyers have made a poor judgement in getting into this position but you're not obliged to sell at any price you don't want to and they weren't obliged to wait.

YABU- This happened on a house that I was really interested in, the vendor had sold previously but couldn’t find anything and in the end the buyers, who had sold and were renting waiting the vendor to find something, gave up and found something else. I really liked the house but it put me off putting an offer in as the vendor obviously wasn’t committed to selling.

I think you should rent, not the buyers. You are taking the pi** and if you know it's gonna take a while longer, just rent and buy when you found something. i cannot believe you are even asking.

You should be looking to move into rented accommodation if you want to keep your buyers. You're the ones holding everything up by being "picky" with your long tick list.

You were very very lucky to get buyers who were prepared to wait. Why should they have to wait longer and suffer financially when you're taking your sweet time?

Time to piss or get off the pot.

Oh god I had vendors like you. Pissed about for months and then withdrew 2 days before exchange as they 'weren't sure' about their purchase.

Be honest with them that you're not ready to sell and set them free

Your buyers are total mugs and if they continue to let you mug them off, well more fool them!

You do you.

YABU.

And honestly if I was them I’d be starting to look at other properties if you didn’t agree to this. You asked for time, they gave you it, you’re STILL not ready. It’s time to get it done or give up.

We sold to our eager buyers and are living in my sister's sitting room while we look. It's not fair to keep your buyers waiting; if I were them, I'd be looking elsewhere.

Surely you know in your heart that you've been unreasonable towards your buyers?

Having said that, I get why you don't want to agree to a further reduction. The most sensible outcome is that you refuse and they pull out of the purchase.

Whether you'll get another buyer willing to a) pay what you want and b) be as patient as these have is another matter.

You're well within your rights to take as long as you want to find the right house for you.

I think your buyers were completely mad to sell their house and rent though, what possessed them to do that? That's not your responsibility at all.

OP, it really sounds like you’ve well extended the grace period here. Time to rent if you have a wish list so long that it’s taking an unreasonable amount of time, which it sounds as if it is.

That’s awful.

Of you, not them.

I had a similar situation. I really needed to move to get away from EA ex and was chain free.

I actually offered them a bit more than I thought I should have for a quick move. They knew the offer was for a quick sale.

They fucked around for months with some sort of “long tick list” like yours.

If you've not found a house then why would you be pressured into rented? You're in no hurry.

Especially if you think prices may rise.

You were honest with them.

My poor friend is in this situation she's waiting around whilst the sellers are pissing about as she won't move out the house. She said she will pull out if she doesn't make an attempt to move within the next month. Your taking advantage. You will lose the sale.

I think if you are the fussy ones with a lengthy tick list and know you are going to take ages then you need to expect to move into rental, not your buyers. Or you need to find what you want to buy first and then take a chance on being able to sell yours extremely quickly.

If I was your buyers I’d be wanting a reduction, and I’d also be looking around for something else. But I guess if you have something unique that they really want then you may feel you’re in a strong negotiating position. I think your behaviour is unreasonable though.

It is not a sellers market. Prices will remain stagnant. Look at Rightmove if you don’t believe me. Lord and lots of reduced properties. I negotiated £10k off a £90k buy to let this month. That is how desperate some sellers are to offload property.

I hate sellers like you. You need to focus and be quick about it. Your buyers have been more than patient. Why should they shell out thousands in rent while you dilly dally about looking for something you can’t afford. Trust me if you can’t meet your check list with what is currently available then you can’t afford it as the market is fruitful.

In their shoes I wouldn't have offered on a house with vendors who hadn't found anywhere and weren't moving until they'd sold. I can see why you don't want to reduce the price for their rent but at the same time they've been incredibly patient in circumstances where there's no obvious endpoint for them. It's your call but I would proceed on the basis that they'll walk if you refuse to reduce the price.