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.

That case should be Arkell vs Pressdram. Bloody laptop

If you don’t need to sell tell him to get stuffed and put it back on the market.

Good luck, I hope they stick to the agreed price

Crossing everything for you OP

Do not budge and let him but the other one.

haha - i just googled your first one, and it corrected..

29th April 1971

Dear Sir,

We act for Mr Arkell who is Retail Credit Manager of Granada TV Rental Ltd. His attention has been drawn to an article appearing in the issue of Private Eye dated 9th April 1971 on page 4. The statements made about Mr Arkell are entirely untrue and clearly highly defamatory. We are therefore instructed to require from you immediately your proposals for dealing with the matter.

Mr Arkell’s first concern is that there should be a full retraction at the earliest possible date in Private Eye and he will also want his costs paid. His attitude to damages will be governed by the nature of your reply.

Yours,
Goodman Derrick & Co.
Dear Sirs,

We acknowledge your letter of 29th April referring to Mr. J. Arkell.

We note that Mr Arkell’s attitude to damages will be governed by the nature of our reply and would therefore be grateful if you would inform us what his attitude to damages would be, were he to learn that the nature of our reply is as follows: fuck off.

Yours,
Private Eye

I think you’ve made the right decision to take the £10k offer off the table. I think you also need to insist to the estate agent that it’s put back on right move today, make him see you’re serious about it. Good luck.

In normal home buying circumstances I’d tell them to fuck off but, if this is a retirement flat (which are notoriously hard to sell) with large service charge and a probate sale so presumably whatever you walk away with is ‘profit’ I’d be slightly more amenable and tick with the £10k reduction offered but with a firm deadline to exchange or back on the market. Honestly, just sell and draw a line under it.

It’s really hard, because you want to do the right thing and then people behave appallingly.

I think your offer is more than generous. Hold your line and don’t move, unless you desperately need to sell right now.

What a CF, I'm glad you have within the 10k reduction. Do not come down at all, he's trying it on and if he shoots himself in the foot then that's his loss.

Let him walk.
People like this are scum.
Don't reduce a penny.

That sounds very poor of the EA. Have they forgotten who their client is, you will be the one paying them. I would tell them to put it back on RM immediately otherwise you will instruct a new EA. Cheeky gits! Hold your nerve OP. CF like this you need to stand up too.

I assume as it's probate that this isn't holding up an onward chain so I'd definitely tell them to fuck off.

Jesus, what a prick.

I wouldn't drop at all, and I'd tell them that either the exchange and completion happens today as planned or it's all off. See what happens.

If you have to remarket and resell at least you're safe in the knowledge that this dickhead isn't living in your old place.

Stand firm OP and don't be shafted by these chancers.

I'd put back on the market at original price and certainly remove the 10k less.. I accidentally pressed yabu but meant yanbu. Sorry. Good luck op but this buyer isn't to be trusted

It depends on various things like how keen are you to sell it, what is the market like where you are as it does vary round the country, do you have costs while waiting to sell e.g. a friend was selling her mothers retirement flat and had monthly costs of about £300 plus council tax so it made sense to sell it quickly, even with dropping the price it took her over a year to sell but I know those sort of flats do take a while.

So as a matter of principle I wouldn't want to drop the price but as a practical matter I would have to weigh up all the factors.

I wouldn't drop the price, I was mucked about by my buyer near completion date.
I gave them a choice either complete or it would be back on the market that afternoon EA was in agreement.
Hence they completed.

I'd go back say you've changed you mind and not reduce price at all. Take it or leave it.

I'm selling a probate property myself. 2 buyers have pulled out on us well down the line since September last year. I think the markets starting to look up a bit now. Currently under offer for the third time with buyers who want to move asap. Sale agreed for a week (they were first viewers) at full asking this time
I think a lot of buyers just think you want to be rid of a probate property - yes we do, but not giving it away for peanuts. And with the furniture included too, he's taking the piss. This is why it's such a bad idea to exchange/complete on the same day, you haven't even the time to do anything about the furniture. He's a CF

His mother will go mental when she sees the smaller one!

Pretty annoyed with the EA too, I asked them to relist when they told me and that I wouldn't get into a bidding war. I think he must have asked them to take it off market when he agreed the purchase as it disappeared from Right Move and their website, but they refused saying "I don't want to lose the buyer."

I would be furious at that response, the EA works for you, if you want it relisted they should relist

I wouldn't drop either and would happily tell them to jog on!

It depends where you are, we are looking at the moment and every day asking prices are being reduced on rightmove. I heard something on the radio yesterday and they were saying prices were falling in London and SE and the West Midlands showed the most increases. So I suppose it depends where the OP is.

Tell them the discount is now 10.
10 quid..
Cfers!

Thanks, this is a great response.