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Another one on last minute request to reduce price...

51 replies

RumiGibran · 13/12/2022 11:19

Another thread on last minute price reduction. Parents selling their house in London suburb to move closer to me (early 70s so want to do it before it becomes more difficult). Accepted offer on their home in June (FTB) and they found a property in Sept (moving country) so we are the only ones in the chain. In August their buyer said mortgage valuation is lower than offer so asked for 10k off offer price- we agreed. Now due for exchange this week and EA comes back saying they are 15k short of their deposit as they have fallen out with a family member who was providing that money to them. So stressed - the property my parents would have been moving into is very close to perfect so nervous to lose out on that. At the same time - really angry with our buyer to spring this on us now considering they have had since June. Are they playing us? WWYD.

OP posts:
Freetodowhatiwant · 14/12/2022 12:21

It doesn't help but I am looking to buy and have heard about this happening a lot recently - houses coming back on the market because they have fallen through on exchange because people suddenly don't have the money they thought they would. Usually because the mortgage requirements have changed since the purchase was agreed.

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