To withdraw our offee

[MigraineMonday]

I’ve namechanged for this, as it expecting a right flaming.

8 months ago we made an offer on a property which was accepted. WIBU to withdraw it now?

Reasons for:

• house prices have fallen massively in our area. The offer is now 40K over the value on Zoopla and much higher than other similar properties. We’re putting every last penny of our savings in and really can’t afford for the market to fall and end up paying well over the odds.

It’s taken so long to complete due to the chain. My DH has moved jobs in this time. The new property will now make his commute awful, although the commute to his old office was fine.

DB is a lawyer and is strongly advising us to pull out because of the above.

Reasons against:
Feel like the absolute worst person in the world pulling out and breaking the chain.

Ps we exchanged on our house a couple of weeks after the brexit vote. I was really nervous about how that would affect the houseprices. In the short term pricea have dropped a little but we will likely be here at least 10 years if not 20 so who knows what prices will do in that time anyway.

christ...EIGHT MONTHS!! We all could have had babies in that time!

I'd back out, if your buyers already have cold feet then they will probably be relieved regardless of any concessions.

Did you make a decision OP?

Pull out, it's your life and your cash

We offered on a property and pulled out because things were taking too long - it was a complicated probate thing which was back and forward to court and we just didn't need the hassle. That was after about 8 weeks of being messed about, there's no way I'd have stuck it out for 8 months!