This week I negotiated a new asking price on my next house (I’d agreed the original price before lockdown and the market has changed quite a bit with the economic outlook).
The buyers of my house have today lowered their offer. I was kind of expecting this and would have thought they would be a bit silly not to! My issue is the amount they are asking for! They’re asking for a 12.5% reduction 😐). Obviously I’ll be negotiating them down from that! My question is by how much? I got a 8% reduction on my next house, I was hoping to keep some of that!
So
YABU - you should give them the same reduction as you’re getting
YANBU - this is a business transaction you should counter with a lower reduction, say 5%?
For context, they are first time buyers living with parents. I’m concerned they might pull out altogether.