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AIBU if I accept a higher offer

86 replies

Smartpic · 06/07/2023 01:22

Accepted offer from lovely young couple at full asking price. A lady also offered full price, but I thought the couple were keener and I really liked them so chose them (neither would go higher at the time). Today the lady offered 50k extra. So conflicted now, don’t want to let the lovely couple down, but - 50k! Don’t want to go back on my word, but - 50k! Would prefer to see the couple living in my house, but - 50k! Would I be an awful arsehole if I accept the higher offer now? What would you do?

OP posts:
Swrigh1234 · 08/07/2023 10:38

This is a piece of string question. OP how do you expect anyone to give you sensible advice without saying what the asking price is £50k as % of £5m is 1% so would be understandable. £50k as % of £500k less understandable.

ZeldaWillTellYourFortune · 08/07/2023 11:07

Curious for an update

Smartpic · 08/07/2023 19:22

This reply has been withdrawn

This message has been withdrawn at the poster's request

Smartpic · 08/07/2023 19:33

ZeldaWillTellYourFortune · 08/07/2023 11:07

Curious for an update

I've gone with the higher offer, after sleepless night and still feeling pretty sorry about the whole thing. No-one was out of pocket, so my son made me realise that "liking" a buyer and wanting them to live in my house was not a sensible reason to give up £50k, and I needed to make a business decision. As well as the money, the lady has no mortgage, and is already some way through her sale, whereas the couple's buyer has now expressed reservations about timings due to relationship issues, so I think it's the right decision. Could still come back to bite me, but that's true of either buyer with the way house-buying works. Not feeling good about it though.

OP posts:
ZeldaWillTellYourFortune · 08/07/2023 19:55

Thanks for the update.

Thebigblueballoon · 08/07/2023 20:07

Smartpic · 08/07/2023 19:33

I've gone with the higher offer, after sleepless night and still feeling pretty sorry about the whole thing. No-one was out of pocket, so my son made me realise that "liking" a buyer and wanting them to live in my house was not a sensible reason to give up £50k, and I needed to make a business decision. As well as the money, the lady has no mortgage, and is already some way through her sale, whereas the couple's buyer has now expressed reservations about timings due to relationship issues, so I think it's the right decision. Could still come back to bite me, but that's true of either buyer with the way house-buying works. Not feeling good about it though.

That’s fair enough. What will you do if she starts dicking you around or later drops the price by £50k?

12RedRoses · 08/07/2023 20:14

If she dicks around and you’re not going to lose a good then tell her it goes back on the market at £700k as you know you’ll get offers again. If she tries to knock the £50k off

wutheringkites · 08/07/2023 20:28

Would you mind saying roughly where the house is? City or general area would be interesting.

I keep hearing that vendors are needing to drop their prices but that's clearly not true everywhere (including where I live)

LizHoney · 08/07/2023 20:32

Sundaefraise · 06/07/2023 10:57

Three days is nothing. They will have incurred no costs, definitely go with the extra money, but with the expectation that she might try and gazunder later.

Completely this

Roselilly36 · 09/07/2023 09:50

I hope it all works out well for you OP, every stage of the moving process is very stressful, I can empathise having downsized in 2021.

mightymam · 09/07/2023 10:00

You've made the right decision @Smartpic. House selling and buying is a business/financial decision, not emotional (says someone who paid through the nose last year to secure the house she fell in love with so badly).

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