...in hoping he gets knob rot and it falls off?

[harriethoyle]

Supposed to exchange in a chain today. Buyer has demanded 10k reduction for an invented problem (not on the survey!). I either fold and lose 10k or stand on principle and possibly lose the sale. AIBU in watching Wimbledon with a stiff gin and wishing untold vexation on his head?!

Funny, I clicked on this thread because I too wished knob rot on a bloke this week and I wished to see why you felt as cross as I did...

My buyer did me over too - due to complete, backed out at the last minute. We had accepted several thousand less on the basis he wouldn’t mess us about too.

Knob Rot on em all, the bastards

Not the same thing but we once were going through the process of buying a new house.Twelve weeks later and builder asked for another £7000 .Told them no and still got the house as they backed down.Stick to your price but be polite

Call his bluff. Stuff it. Drink gin and watch Wimbledon x

Oh god we are selling this year and im dreading the game playing.

@C0untDucku1a all I can say in reassurance is that I, and many many PPs, wouldn't contemplate behaving like this. I agreed my purchase price last Sept and wouldn't dream of changing it. I wish one of us for you as your buyer and not knob rot man! hopefully tomorrow's update will reassure you

Stand your ground,he's a CF.

Trying to get a last minute discount!!! Tell him no and if he disagrees you'll put it back on the market asap.

I think if it's something not on the survey you can definitely tell him to GFH.

Call his bluff. Stuff it. Drink gin and watch Wimbledon x

Love it!!! 🎾 🍓 🍾

You’re being very pragmatic - well done you!

I get far too attached to houses (cars and everything!!!) there’s no way I’d sell to the wanker now and absolutely no way I could do any of the horrible things suggested to my house. No way.

I’d like to be less emotional/attached/sentimental but that’s just me

I read these real estate threads and my mind is always boggled. It is so different where I am! There is no last minute changes once all subjects are removed. If you pull out you lose what is usually a significant deposit $5,000 - $10,000 or more after your bid has been accepted. (Canadian)

It’s such a completely different process!

What an arsehole!! Good luck OP!

We recently had a similar experience and it was unbearable. The background is important, how long it’s been on market, buyers position etc. You have to let them decide next steps though, just say no and don’t threaten or counter.

I read these real estate threads and my mind is always boggled. It is so different where I am! There is no last minute changes once all subjects are removed. If you pull out you lose what is usually a significant deposit $5,000 - $10,000 or more after your bid has been accepted. (Canadian)

I agree. In Australia - the contracts have all the conditions when the buyer can pull out eg it can specify that buyers have 2 weeks to do financing and pest and building inspections. After this time if no extensions are requested, the contract becomes unconditional and you will lose the deposit (up to 10% of purchase price) if you pull out.
If the seller then sells below this agreed contract price, he can sue the buyer to get the difference.

We have a ridiculous system . There's more security when I booked an air b n b apartment. Paid half the money on booking and the other half 2 weeks before I went. It's madness that if I'd bought that same property I would only pay anything at exchange!

I’ve had this both ways. With our first flat, the seller (a Tory MP so shouldn’t have been surprised) put the price up by £10k on the day of completion/moving in. Our rental had ended so we were homeless otherwise. We borrowed money from family and gave in. I will by angry about it forever. Years later we wanted to move to a bigger house, saw the perfect one but we’d been on holiday so it was late and had already been sold. Some months later we were looking at a house across the road (different style of house so not suitable) with the same EA, said to him, this one isn’t right, what we really want is one like that one across the road which you had a few months ago. EA says actually we’re having trouble with the sale, I said ok we have the money (got a bridging loan), if the sale breaks down we will pay the same, no chain and complete as quickly as possible. Turns out CF would be buyer wanted to give the 10% deposit she was getting for the house she was selling to sellers as deposit, rather than 10% of purchase price, and kept asking for reductions for all sorts. Sellers were moving hundreds of miles in 4 weeks so needed the sale. They got our offer and told CF to do one. CF was furious and agreed to all the outstanding issues but it was too late sellers had had enough of being messed around. We completed in 4 weeks and sellers were thrilled.

Good luck today!

What is wrong with people.
We are selling my poor late DSis house.
This better not happen to us.
Good luck today OP.
Hold strong!

Good luck today

Cheeky fecker! Looking forward to your update

Tell him to fuck off. Op.

With our first flat, the seller (a angry Tory MP so shouldn’t have been surprised) put the price up by £10k on the day of completion/moving in.

How did he manage to do that then? I didn't think you could change the price (or pull out, without losing the deposit) once contracts have been exchanged. Or were you exchanging contracts, and completing on the same day? (Which is very risky.)

Sounds like a deliberate planned move on his part to me, especially as he’s bottom of the chain so sees himself with bargaining power. I wouldn’t want to give in to him on principle but if you really need to move and it’s been difficult to find a buyer you may have to suck it up? We did unfortunately in a similar situation though I don’t regret it 5 years on. Still makes me fume though.

@wherestheweightlosspill yes, as @Motoko said, it should not have been legally possible for the price to be increased at completion. What did your solicitor say?

It is possible if you exchange and complete on the same day (which CFKRB (cheeky fucker knob rot buyer..) suggested last week and which I declined )...

These people really make you sick, don't they? When I moved a few years back my buyer starting playing silly buggers when it was too late to tell her to push off. My EA was about to dump her and find another buyer for me but at that late stage ...

I moved eventually but it was no thanks to her. Property and money often bring out the worst in people, I'm sorry to say.

@harriethoyle You're right, we completed and exchanged on the same day in our previous property - I would NEVER do it again because even though it went through, anything can go wrong right up to the day and you'd be back to square one with the removals van sat outside your house. Don't think my nerves could take it again!