To tell gazunderer to do one?

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Selling a probate property, due to exchange and complete today. Agreed price was £20k less than asking/previous purchase price and included all furniture. Ours was the show home apartment, and another was put on the market which is empty, much smaller and in a less favourable, dark and dingy aspect at £20k lower than our agreed price 🙄 this flat is with an EA who persistently undervalues these properties which is why I did not use them.

Received a call from our Estate Agents yesterday. Buyer still wants our apartment but now wants to pay the same as the cheaper, crappier one or he'll withdraw and buy the other apartment. I am properly pissed, but offer £10k off to get it past the line.

Buyer is firm, £20k less or he'll walk.

I think the buyer is trying their luck, the other property was marketed in March. I've seen the buyer at the building whilst clearing out the property, I know they've been to look at the other flat long before this week and I suspected that he would try something like this at the last minute. I am also confident it's our flat he wants, just at the crap flat's price.

I've made them wait for my response, and having slept on it I am of the mind to hold firm on the £10k drop, requiring immediate exchange to stop him dicking about, or deal's off. If he walks, I will still have the property to remarket as well as all the furniture the buyer wanted included in the sale which will cover fees to date, and he'll have taken the competing property off the market.

AIBU to not reduce further and wish them luck with the other property if they withdraw, or do I suck up losing £20k?

Selling a property in England sucks.

Property prices are predicted to fall by 10% in the coming year. South East England has already seen a decrease in property prices.

It's still a hot and rising market here in Scotland. Fast sales at offers OVER the advertised price.

The market is still rising where I am, some that were initially over priced have been reduced but many properties have 'sold prior to marketing' on the day they're listed. Also - and I know that this is simplistic - but surely the supply and demand element would mean it's unlikely that a crash will happen. Also the price of building materials has massively increased which will have an affect on the price of new houses, or reduce the amount of houses being built.

As an aside, I don't write lengthy posts myself but I enjoy reading long detailed posts by others, as long as they use paragraphs. Just skip a long post if it's too much for you to take in.

Sounds like you're in a similar area to my DD, commutable into the city. She's house hunting now and finding exactly that. She's viewing houses on the day they are listed and they are often sold in a bidding war the same day. It's frustrating and disheartening for her and her DP.

Those that don't sell immediately are ones that have been overpriced and then reduced or in a poorer area.
Markets are very different countrywide and there are pockets like you describe where normal rules don't really apply.

Rising interest rates are also constraining supply, at least in the US. There are a lot of people who currently have a mortgage at 3%. If they sold, they'd have to finance their new buy at 6 to 7% interest, so they feel locked in where they are.

"I've kept the same user name since I joined MN, as I personally like the continuity and, to an extent, the sense of community, inasmuch as you can have that on a huge international forum. MN is a place like no other, with the honesty, valuable support and shared fun to be found here in bucketloads. I like seeing the same names coming up regularly (as well as the new people coming along too) and seeing their personal takes on the discussions - the current discussions, that is, coupled with my general recollections of their individual outlook as a whole; not by cyber-wombling through their bins. I am now going to finally change it, as it seems that 'this is why we can't have nice things'."

Please don't change your name @WeBuiltThisBuffetOnSausageRoll - I love reading your posts. I may be a lurker but I've learned a lot on Mumsnet - quite a lot of it from you and other familiar posters. Don't let the troll win.

Too many words? I guess you don't read books or newspapers.

I'd much rather read well written paragraphs then short commentaries that usually have a nasty tone to them.

lol wot

If MN impose a word limit threads will become far too confusing as people start adding message 1/2/3 to their posts!!

Not on your Nelly will there be a word count limit (that's for twitter). An edit button would be useful but that has always been vetoed. Spelling mistakes lead to the spag trolls who can be vicious. I was once told I wrote like a primary school child!
Don't read the post if it is too long, simples.

@Lucyislooking

"I don’t regard most mumsnet posters as similar quality to broadsheet journalists and published authors

do you?"

Some posters (like @WeBuiltThisBuffetOnSausageRoll) write so eloquently, they could well be published authors. Definitely a high level of intelligence is involved in their posts.

But, if you are having problems reading longer posts, just scroll on by...

Hope it went well today op, stick to your guns.

I don't think posters realise how many retirement properties end up as inheritance nightmares.

Some apartments end up selling for less than a third of the original purchase price and, even then, these sales are falling through.

https://www.theguardian.com/money/2021/sep/18/are-retirement-properties-sound-investments-or-inheritance-headaches

Plus a lot of posters who can offer detailed technical advice on a topic may be prevented from giving useful advice and support to people who need it. Yes - they could make a number of posts, but then it might be difficult to keep track of them if other posters intervene with their own posts.

I would suggest that if people don't want/have time to read the long posts, they just scroll past them.

It's the "soundbite" generation.

I despair. 😉

Please don't change your name @WeBuiltThisBuffetOnSausageRoll - I love reading your posts. I may be a lurker but I've learned a lot on Mumsnet - quite a lot of it from you and other familiar posters. Don't let the troll win.

Seconded.

also, I just LOVE your username. It's one of the ones I look forward to seeing.

How upsetting and disappointing that a long-term, regular, popular poster has felt the need to change their username because of a creepy cyber stalker rummaging through their old posts, to try and catch them out on something. Something that was quite trivial and irrelevant anyway! LOL!!!

Please don't change it @WeBuiltThisBuffetOnSausageRoll You have literally done nothing wrong and have NO need to change your name. Please don't be bullied.

I agree.

I've been on here since 2006 when I was on my last mat leave. It's nice seeing familiar user names.

Just a shame to let crazy stalkers and illiterate posters set the tone. Shame you can't block people.

Shame you can't block people.

It is, isn't it?

I daresay that I'd be the first one to be cancelled out sometimes, but there are one or two goody posters that I'd love to just magic away.

If only there was an online forum where characters were limited and people could snipe at each other ad infinitum 🤔😂

@EmotionalSupportWyrm you wouldn't know you'd been blocked though. All that noise and vitriol would just disappear. It would be bliss!

I'm still trying to work out what AS stands for...

@MargotMoon AS is Advanced Search.