Worried our buyers will pull out

[belindarose]

We are middle of a chain of 3. All progressing smoothly with our purchase. Buyers have had their mortgage approved but are asking for loads of investigations following the survey and for quotes for various works. None of the issues from the survey are essential (ie it's not going to fall down, no planning issues, brand new kitchen and bathroom with guarantees etc). We accepted an offer more than 10% below asking price and can't go lower or we won't be able to afford the house we want to buy.

So worried that they're going to reduce their offer or pull out altogether. There's nothing we can do, is there?

They've seen the condition of the house. If none of the items in the survey are essential/urgent then it's their choice to do those things, but they are not necessary and not reasons to drop the price. Any house has ongoing maintenance requirements, that's just how it is. That is what I would get the EA to tell them if they come back wanting to negotiate on price. Are they first time buyers by any chance?

Yes, FTB and I think with interfering parents! Our EA is beyond useless and we were just about to change when we got this offer!

Your comments are reassuring and right. Hopefully as they've already paid solicitor, survey etc they won't be wanting to pull out.

Be prepared for them to suddenly offer less on the day of exchange

Iiwy I'd keep showing it - they sound flakey

On the day of exchange! No way! Really? Does that happen? I don't trust our EA to make this work AT ALL.

The fact you accepted 10% under asking suggests you're desperate to go, I would think there would be more room to push based on that.

Nothing here sells for even 5% under asking usually, often snapped up at AP within a couple of days and practically zero ground for negotiation. Seller's market here for sure, but yours sounds as though it could swing more to the buyers. If you can find other buyers I would keep showing people round and get them lined up to push back on the current buyers.