Hello - in a bit of a bind. A few months back, we put in an offer on a nice house in an up and coming neighbourhood. The sales particulars stated it was a 3-bedroom, and the price for the house was in line with other 3 beds in that area. When we viewed, we thought the 'so-called' 3rd bedroom was very very small, more of a small cot room/office. The agent when we were viewing assured us it was indeed a bedroom and the vendors had paperwork to prove it. We liked the house besides that issue, and put in an offer which was then accepted. Now we are far down the conveyancing route, and come to find out - the architectural drawings and title are back from the sellers pack, and it's NOT a 3-bedroom. Very clearly marked that the 'small bedroom' is indeed a large closet (though it has a velux window).
We are wondering if we should now drop our offer price by a few thousand pounds, to reflect this misrepresentation, given that we'd be paying top dollar for a 2-bedroom in this area. There is also the fact we have to now tell our mortgage lender too, who has valued it at 3 bed.
However if we try to negotiate, there is then the chance the vendor could yank it from the market, as I know many people dislike 'guzundering'. WWYD? Are we in the right to be upset about this?