Renegotiating before exchanging

[newclub]

Our buyer has tried to negotiate a substantial amount off the price based on factors they were aware of at the start. So in other words, nothing solid just trying their luck.

They expressed to the agent they are aware that we have more to lose because we benefit from the stamp duty holiday and they don't.

I know its "business" not personal, but i really took offence to that.

I have gone above and beyond for them, accommodating their hundreds of requests and they do this at the last minute. Its really angered me.

Ive told them to basically shove it, and they either want it or they don't.

What would you have done?

Shove it or renegotiate a lower amount?

The buying process in England is stressful enough without this shite to deal with

Thinking about it, the other thing I'd do in this situation is to have it pointed out to the buyers that this sort of behaviour might put them in a poor position were they later to try to buy a another house listed by the same agent. I'd certainly expect my agent to let me know if they were aware a potential buyer had history of shenanigans - and my EA sell a lot more properties in this part of town than anyone else does, so if they wanted to live round here that would make life harder for them.

We are getting close to exchange, and I suspect that our buyers are going to try a stunt like this. We have had a number of people round looking at the roof, chimney, electric, boiler etc etc, and we have accommodated them all with very little notice while trying to home school and wfh.
I will have steam coming out of my ears if they try to renegotiate, and will need to ask my dh to do the talking because I will not be able to control myself!
We have decided between us how much money we would be prepared to drop in order to ensure that the sale goes through. I, however, would much rather tell them to go jump!

This happened to my friends just a couple of weeks ago. They said no. Buyer is still going ahead. So cheeky just trying it on.

I think you did completely the right thing! Good luck with it all

What have they said OP? Are you going ahead with the sale?

@Thingsthatgo We still haven't heard :-/

You could pass a message through the EA requiring an answer by close of play today. That should focus their mind a bit

They are proceeding!

I knew it, just a cheeky tactic! Glad i stuck to my guns.

I was fully prepared to have it on the market this weekend!

That's a relief, great news.

Leave them a new house card. Write inside it that you’d have left a bottle of champagne as well if they’d not been so difficult to deal with!

Yay! That's good news.

I think I'd l be tempted to leave a bottle of really cheap supermarket bucks fizz. The sort that's like three quid. I feel like that says 'Welcome and congratulations, I suppose' at about the right level of passive-aggressiveness for me.

😂🤣 i love it so much !

A part of me knows i wont be mean and leave it dirty as im crap at holding grudges but the absolute cheek of it.

Sort of wish i was the type to do that haha. One thing is for sure i will be absolutely blocking them. They have my number and have been asking me for info, i can almost guarantee they will be asking "how does this work" etc. They can whistle!

Funny that mumsnet only host good people that are all appalled by last minute reduction, and will never accept it on the ground of pride, honour and value. Still we keep seeing these thread appearing practically daily, where are all these cheeky buyers hiding?

@Paulina23

Funny that mumsnet only host good people that are all appalled by last minute reduction, and will never accept it on the ground of pride, honour and value. Still we keep seeing these thread appearing practically daily, where are all these cheeky buyers hiding?

I think when you’re in the situation of potentially getting a lot of money off many moral people may suddenly act irrational.

I have a friend who is mortified they tried to pull this and nearly lost the house because of it. At the time they were adamant they were right, but now in hindsight they know the house was priced fairly to sell. She said she panicked they would have to spend so much money fixing the issues and tried to renegotiate before exchange.

It’s one of those situations where it’s very easy to say I wouldn’t do that! But when you could get thousands off a sale you probably would be tempted in the moment.

We had this the other way when we were buying. Our sellers said they wanted more or it was going back on the market. We pulled out and it sold for less than our original price offered but we had lost trust at this point and I didn’t want to move into a house where they could have ‘sabotaged’ us.

I've had this. I think people just chance their arm. It either goes ahead at the agreed price or you pull out