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AIBU?

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

59 replies

madbatarse · 07/09/2024 14:57

So...we accepted an offer on our house several months ago & accepted a lower offer price on the basis buyers would sell & rent for an extended period while we try to find a property (we have long tick list). They love our house & seem adamant they intend to buy it. Quite a few months down the line we still haven't managed to find anywhere & buyers now want to renegotiate the price down by 10k to cover their (now unexpected) additional rental costs. If we agree they will carry on renting & give us more (unspecified) time to come up with the goods without hassling for a while. They are obviously more motivated to buy than we are to sell, ergo: we still can't find anything suitable & indicators are now showing house prices will probably be on the rise. We are therefore concerned that if we accept a reduced price & house prices then rise we will end up with a shortfall when looking to buy & will be priced out.

AIBU in saying 'go away' - you are being cheeky & we aren't paying your rent; either stay with the deal if you're that desperate or walk? Or do you think they've been exceptionally patient, we should bite their hands off & go live in a tent?!

[[If mods want to move this to property that's fine - just thought would get more visibility here lol].

OP posts:
poetryandwine · 07/09/2024 15:15

We rented in your situation, in order to accommodate our buyers. In comparison I think a 10K discount seems quite reasonable

Slobberchops1 · 07/09/2024 15:12

I think you are the cheeky one . Why on earth have you accepted an offer if you are not ready . Jeez

Dotto · 07/09/2024 15:10

If your house isn't ready to sell then don't put it on the market. I hate when sellers do this.

bubblesandlight · 07/09/2024 15:09

Surely a reverse?

Merryoldgoat · 07/09/2024 15:09

People are mad - wtf did you put your house on the market if you weren’t motivated to sell?

Vendors like you cause havoc with buyers - it’s not fair.

TheNoodlesIncident · 07/09/2024 15:08

They are obviously more motivated to buy than we are to sell, ergo: we still can't find anything suitable

So, suppose your buyers find something suitable that's just as good as your house but the vendors are proceedable, ie the vendors will progress the sale and not keep the buyers dangling for months on end because they haven't found something good enough? They'll pull out and you'll be left with no sale and have to go through all the marketing again.

Why aren't you prepared to rent for goodness knows how long until you find a house you'll buy? Why do the buyers have to shoulder the financial burden of you not finding something? I don't think they're the cheeky ones here. How would you like it?!

blackcatstotallyrule · 07/09/2024 15:07

How long did it take you to sell? How many viewings and offers did you have? Would you be happy to stay put if you can’t find another buyer?

Potentially you could say you’re unable to drop the price (without being rude about it) and wait to go back on the market until you’ve found something you think you want to buy.

Is it feasible to sell and go into rented? I know people always suggest this when often it’s not practical (including due to ERCs) but if you can…

Littlebitpsycho · 07/09/2024 15:05

Was the 'extended period' of time specified? If you agreed 3 months between you but now you're moving the goalposts that's unfair - its not their fault your tick list is so long.

Either renegotiate or you'll have to pull out and find another buyer

NeverEnoughPants · 07/09/2024 15:02

Is this a reverse?

They have been exceptionally patient. It's a shame that for whatever reason, a landlord wouldn't want to rent to you - that's the only reason I can see why you'd need to resort to a tent.

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