Page 3 | House Offer Price Drop

FirstnameSuesecondnamePerb · 03/12/2022 08:14

I think in your shoes I would consider the following
Has Mum found a property that she wants to move to?
Can she still afford to do that at the lower offer?
If so, how quickly can it be done?
If all of the above is OK I would negotiate at £1000 increments.
Its a tough job moving at that age. I had to relocate my dmum and keeping the momentum and focus is key, else it gets given up as too much work. And let's face it, the 230 miles will be your problem, not hers!

MassDebate · 03/12/2022 08:41

I had a new Worcester boiler installed this week. £2,800 including installation. (In roughly same position as the old one, although some movement of pipes was needed.)

Angelicapickles1 · 03/12/2022 08:49

I think it depends on size of boiler. We are paying £3k but thats because we have to replace for a more powerful one and need extra flue work done as it needs to go through the new roof

GreenManalishi · 03/12/2022 08:51

This is just negotiation. Not cheek or greed. It's just a process to navigate in order to reach a conclusion.

The seller wants to maximise the figure, the buyer wants to minimise and the estate agent wants to make sure the property is sold by any means so they get paid at the end of the month.

The buyer has decided they want 20k at least off the house and this is how they are going about it. No need to be offended, it's no shade on your mum's boiler, she just needs to say yes or no. There's no right answer, it depends on various factors such as how much interest there is in her property, how quickly she wants to move etc

Good luck!

Tekkentime · 03/12/2022 08:55

GreenManalishi · 03/12/2022 08:51

This is just negotiation. Not cheek or greed. It's just a process to navigate in order to reach a conclusion.

The seller wants to maximise the figure, the buyer wants to minimise and the estate agent wants to make sure the property is sold by any means so they get paid at the end of the month.

The buyer has decided they want 20k at least off the house and this is how they are going about it. No need to be offended, it's no shade on your mum's boiler, she just needs to say yes or no. There's no right answer, it depends on various factors such as how much interest there is in her property, how quickly she wants to move etc

Good luck!

I agree, there's no point being offended. The only thing I think is a bit unreasonable is to agree a price and then offer lower later unless there's been new information discovered by their solicitor for example.

Original poster

Somersetgirl1 · 03/12/2022 10:31

We are not offended, but there is no mortgage for them and they have no written estimates - it is just on their word. They also said it was dangerous!!!!! Funny that they did not feel the need to tell an elderly lady that she is 'in danger'!!!!!!! We will probably have to drop a bit, simply as mum has found a place she loves but we are in different areas and I don't really know about prices in her area but the West country hasn't but presumably the surveyor would have said if it was no longer worth what was agreed. I am now trying to simply limit the drop so that mums move proceeds. In fairness to them, I have dropped following survey results, but then I have had proer quotes for work done

OP posts:

GrinAndVomit · 03/12/2022 11:01

Somersetgirl1 · 03/12/2022 10:31

We are not offended, but there is no mortgage for them and they have no written estimates - it is just on their word. They also said it was dangerous!!!!! Funny that they did not feel the need to tell an elderly lady that she is 'in danger'!!!!!!! We will probably have to drop a bit, simply as mum has found a place she loves but we are in different areas and I don't really know about prices in her area but the West country hasn't but presumably the surveyor would have said if it was no longer worth what was agreed. I am now trying to simply limit the drop so that mums move proceeds. In fairness to them, I have dropped following survey results, but then I have had proer quotes for work done

They’re mortgage free?

Original poster

Somersetgirl1 · 03/12/2022 11:14

Yep - they have sold and are buying from proceeds

OP posts:

Elphame · 03/12/2022 11:24

Somersetgirl1 · 02/12/2022 16:43

Hi all,

Just wanted to get some idea of costs of installing new boiler. To give the background, my mum is selling her house. She agreed a price drop of £15k (they asked for £20). They have come back to her saying that the boiler must be replaced (she has had it serviced every year and is in working order) and have tried to drop her another £5k for the cost as any new boiler would need to to be moved (it is probably true that any new installation would need to be moved as regulations change). This seems like cheeky fuckery to me - I had a brand new worcester bosch put in my house and it needed slightly moving and I had new radiators and tank/airing cupboard removed - I know that was a couple of years back but it didn't cost anywhere near thia. My gut feeling is that because she is in her late 80's they are pushing their luck. Any thoughts welcome

It sounds like they are trying it on to get the reduction they wanted which would incline me to say no out of principle.

It doesn't sound way off to be honest pricewise but your mum could get some quotes of her own to compare.

I paid that 2 years ago to have an ageing boiler replaced. It had to be moved to a new location directly above where the old one was so some rejigging of pipes etc. We also had some new thermostatic valves fitted.

However I would not drop for that reason - my last house was priced to reflect the ageing installations. Depends how desperate she needs to sell and how much the house is on for at the moment.

BlessMyCottonSocks · 03/12/2022 23:33

Somersetgirl1 · 03/12/2022 10:31

We are not offended, but there is no mortgage for them and they have no written estimates - it is just on their word. They also said it was dangerous!!!!! Funny that they did not feel the need to tell an elderly lady that she is 'in danger'!!!!!!! We will probably have to drop a bit, simply as mum has found a place she loves but we are in different areas and I don't really know about prices in her area but the West country hasn't but presumably the surveyor would have said if it was no longer worth what was agreed. I am now trying to simply limit the drop so that mums move proceeds. In fairness to them, I have dropped following survey results, but then I have had proer quotes for work done

The thing is, if you agree to this, what will they come back with next? Will they keep chipping away and chipping away? Will they get to exchange and find some other ‘problem’ to justify reducing the price yet again? This sort of behaviour just damages trust. The boiler, from what you’ve said, has been properly maintained and is functioning perfectly well without issue. It doesn’t need replacing now but might do at some point in the future. If they say it does, they need to prove it with their own survey.

If they’re already sold and your mum rejects their offer, do they want to go through the stress of finding another property, the further costs this will entail, the further delay to completing the buying process and the potential loss of their own buyer that this might cause?

As others have said, it’s a negotiation and they have several bargaining chips available to them but so do you. I’m not saying don’t agree to the reduction, but just think about it. In the end I suppose it depends on how badly your mum wants to move and how much her buyers are aware of this. It does feel as if they’re trying to pull a fast one though.

Tricky one, I feel for you.

Thinkaboutwellbeing · 17/03/2023 04:38

We’re interested in a house on the market. Viewed it about nine months ago and decided it was overpriced therefore didn’t put in an offer. Since then the asking price has dropped four times and now is 85k less than it was originally in the summer. We’re going to view it again, but am I being a cf if we offer 10% below new asking price? For info it was originally priced at £684,000 and now £599,000.

jellyfrizz · 17/03/2023 08:34

When you say she agreed a price drop of £15k was that just negotiating from the asking price? If so, asking for an extra reduction for something they have just found out about would be perfectly normal.

What direction are prices moving in in that area? The market in general seems to be heading downwards so re-marketing may not bring a buyer offering any more.

It's all just negotiation and they will be expecting a counter offer so why not offer to go halves if she really wants to sell?

GrinAndVomit · 17/03/2023 08:35

Thinkaboutwellbeing · 17/03/2023 04:38

We’re interested in a house on the market. Viewed it about nine months ago and decided it was overpriced therefore didn’t put in an offer. Since then the asking price has dropped four times and now is 85k less than it was originally in the summer. We’re going to view it again, but am I being a cf if we offer 10% below new asking price? For info it was originally priced at £684,000 and now £599,000.

If you think that’s all it’s worth then offer that.
If you think the vendor is desperate and you want to squeeze as much as you can out of them then you’re being cheeky.

LakieLady · 17/03/2023 08:43

They are cheeky fuckers.

I had a new combi boiler 2 years ago, it cost £1,300, it has a 13 year guarantee and the top energy efficiency rating. There was minimal pipework to do, and no electrical work, as it was going in the same spot as the old one, and none of the rads needed changing, although the whole system was chemically flushed.

They're taking the piss.

MrsJamesofSutton · 17/03/2023 08:50

nutbrownhare15 · 02/12/2022 17:16

How much does she need to sell the house? Has there been other interest. She is perfectly within her rights to say no. They are perfectly within their rights to walk away if she does.

What has this got to do with the price of the house now?

Are you trying to imply that old people who bought their house decades ago, should have to sell their houses cheaper than everyone else?

How does that work then?

sjxoxo · 17/03/2023 09:03

midgetastic · 02/12/2022 17:22

If it's safe and working then they are being cheeky chancers and you may want to think about remarketting

This

Richhandcream · 17/03/2023 09:21

1ittlegreen · 02/12/2022 19:54

I really want the system to change in this country, it's so stressful. I hear Scotland has a better system.

Is there anyway that your DM could rent for a year and re-market when the economy has picked up a bit? It's just that this has happened to me twice since September and both wanted money off and both proved to be unreliable buyers.

Our latest wanted to treat historic woodworm at 4k and wanted us to carry out the work. It was something we had not noticed ever on our Victorian floorboards so we said no. They wouldn't budge so we offered half. They still wouldn't budge and we wanted the sale so we told them we would ring-fence the 4k with our solicitor and they would have upto a year to use it for woodworm on the condition that they got three independent quotes for the work.

They threw their toys out the pram again and we took great pleasure in telling them we wouldn't be selling to them.

We have since decided to rent and try again in a year. We are moving out of London so I guess that makes a difference as renting elsewhere is a lot cheaper.

Don't reduce it even more, this will not be the end of their fuckery.

In the area where I live you can pay over £1k per month for a 1 bedroom flat. Moving out and renting because a) you're gambling on what might happen to property prices and b) every month you rent depletes the money you have for a deposit and furniture and work to be done on a new place.