Feel like a complete idiot so please don't flame me, just wondered what others thought of this situation.
Viewed a house a month before lockdown. Guide £435,000. Offered £375k, negotiated up to £400k which was our absolute maximum. We are procedable buyers so in a fairly strong position. House needs alot of work. There had been a few other viewers but they all needed to put their houses on the market etc.
Then coronavirus got serious and on the advice of our solicitor and surveyor, we asked whether there was the possibility of renegotiating due to the current climate and expected property/economic downturn. We suggested using our original offer of £375k.
This has completely backfired and the vendor now wants the full £435,000 despite everything that's going on.
When I write it down, it sounds like a really shitty thing to have done and I wish we'd never bothered. His reaction does seem extreme though. We were genuinely nervous about this and had considered pulling out altogether - not to be flakey buyers, but things have changed massively since our offer was accepted. I'm a SAHM and my husband runs his own business, so of course there are financial concerns as there are for many at the moment.
Fee really awful and deflated. Our solicitor said most of his sales were proceeding but at reduced prices, so his advice seemed reasonable. No way will we pay the £435k, so if he vendor has made up his mind on that we've lost it.