Seeking advice.
Pre-lockdown we had an offer accepted on a house. Had mortgage approved, surveys done etc then lockdown happened.
Things are back to moving along now... And we’re wondering whether to reduce our offer slightly.
Mainly because we offered approx 6.5% above asking price (in a sealed bid situation) coupled with expected fall in house prices this year.
We were thinking of reducing our offer slightly, so we’re still above asking price, but 3% above rather than 6.5% above.
Does that seem fair or like a nasty gazunder? :/
Torn - don’t want to be a mug but don’t want to be unfair at this stage either...