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Opinions please

29 replies

kerrymucklowe2020 · 11/10/2020 11:22

Made offer in July on house. Naively thought we could complete in 6 weeks so asked vendor if they'd consider moving into rented if needed to break the chain. ( yes I know!) Was rejected with the EA saying the vendor wants more money to complete in 6 weeks and move into rented. Offer accepted at 2k more. 6 week window has now been and gone. I feel a bit conned. Have asked vendor if would consider leaving bedroom furniture as a goodwill gesture. This was refused. Would you go to your solicitor and reduce offer back to original price risking losing house and causing further cost and delays or just be peed off and grit teeth and go ahead feeling you've been conned? ( Can you tell I'm stressed?!!!)

OP posts:
kerrymucklowe2020 · 11/10/2020 14:18

@Bluntness100
EA said they wanted extra to complete in 6 weeks ( yes, naive but hindsight is a wonderful thing )
I don't know how long indemnity policies take as am not a solicitor
It was just a suggestion rather than reducing my offer. My buyer asked me to leave mine - total non issue
I'm.trying to work out why you think I am " twisting " ?

OP posts:
Baxdream · 11/10/2020 15:25

It depends how many are in your chain. I've only ever sold or bought and it took 6 weeks when I bought a no chain property and I had no chain. On a separate transaction I sold to a FTB and I was no chain. Neither were this year.
6 weeks was always going to be hard to achieve..
I would just suck it up personally, unless you're willing to pull out in which case give a reasonable deadline but be prepared to pull out.

skedaddIe · 11/10/2020 18:11

I agree that you have ripped off, but like other posters highlighted you did it to yourself by being naive. I do understand why you're upset because the sellers are complicit, they negotiated with you in bad faith and took money for something they weren't actually contracted to achieve and now it's gone wrong they don't sound they're doing much to make it right. Plus at this stage I imagine it'd be more expensive to walk away.

I've had situations where I've agreed to try and do something before as 'sweeteners' in the negotiations but never anything like this. And you need to be really clear (and communicate well with each other to make sure it doesn't end up being contentious.

Have you exchanged?

How much of a risk taker are you?

mountains76 · 11/10/2020 23:01

How did you pay this extra 2k? did you just add it to the offer price? Or did you set this up as a separate contract? If you just added it to the offer price, why not just inform the solicitor that you will now be reducing the offer by 2k as they haven't completed in time?

Also you mention "ransom strip"? Is this just a bit of land at the end of your garden or something?

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