To tell gazunderer to do one?

[Mustnotbeleftblank]

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.

I understand why Buffet felt the need to change her username, I had one I was very fond of but now can’t use because of one particular poster, who, ironically, has had the same name for donkeys years. Unfortunately MN turns a blind eye to bullying and trolling if it’s a lifer doing it.

Is there any news @Mustnotbeleftblank? Hurry, the thread is nearly full! (And I’m not helping I know)

I’m so invested in this! What happened OP?

Me too!

@WeBuiltThisBuffetOnSausageRoll I’m reading this thread and that song has just come on the radio.

I keep coming back hoping for an update. Way too invested in this! I hope all the pages of random off topic arguments haven’t scared away OP!

COME ON WE WANT AN UPDATE XX

Problem is if you accept the new offer what’s to stop them doing exactly the same again at the 11th hour. I think retirement properties are great. If you are over 55 and have income to pay the fees which are approx £3k a year you can buy a flat for a vastly reduced price as long as you dont buy brand new.

Any update OP?

Well….

she’s gone super quiet because either she took the hit, and is ashamed of that, or, she said GFY, and he walked and now she’s worried she can’t sell it.

if she’d held the high ground and he’d backed off and just paid we’d all know about it by now.

Or maybe it's just not resolved yet or she is busy and updating Mumsnet isn't her life's priority?

I’m tracking this because I’d really like to know what the market is doing.

I think it’s just about to collapse. If not now, another winter will do it.

I’m in rented looking to buy but I dare t make a move right now.

@Jengnr
I agree wholeheartedly with your excellent comment.

Do not drop the £10,000. Tell him it's the full price or its going back on the market.

I think this too. I'm tracking prices in a couple of different areas and I'm seeing a lot of what are now overpriced houses going stale and being reduced, and a significant amount of more affordable property coming on in some areas as well. I feel that agents are managing sellers' expectations downwards, sellers are panicking a bit and trying to price things to sell, and the result is going to be a big fat downward spiral before very long at all - the autumn in my opinion. At the moment I think it's worst in the southeast but it's spreading up the country noticeably. Scotland doesn't seem to be affected yet. I don't watch London.

We should start our own thread probably @Palmasailor but rented is definitely the place to be for now!

The other thing is I’m a builder that specialises in insulation. And there’s a certain category of house that is just badly built and just bloody Baltic in the winter.

im seeing a lot of houses come to the market and I’m thinking that the owners are selling because they just cost too much to heat. Hence I think another winter and it will get real…

Would it be stalkerish to ask you to post your namesake bat? No AS needed, you’ve been around forever.

Any update OP before this thread is full.

They’re not coming back.

@Mustnotbeleftblank Did you tell the gazunderer to do one ?
You can't start the thread and not tell us.

I think that if it had planned out well she’d be in here thanking everyone for their support.

So I think we know how it ended up.

Hi op. Are you still around? You had a lot of support here. Could you come back and tell us how it ended? Of course you don't have to. It's only an anonymous thread but telling us how it panned out could help other buyers to plan in today's difficult market. 😄

Sad you didn’t update @Mustnotbeleftblank