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Original poster

Buyers asking for £60k off just before exchange

415 replies

Loobydoobies · 14/08/2023 17:56

Just as the header says. Suddenly wrote us a long letter ranting about interest rates etc, and asking for a huge discount.

We live in an area where property is scarce and holding its value ATM due to that. Told agent to tell them where to go. I am furious as we will lose our dream home.

OP posts:
Roselilly36 · 05/10/2023 18:11

Brilliant, so pleased for you, a good result given the current market. Enjoy your new home Flowers

EekGoesTheBaby · 05/10/2023 19:23

Thanks for the update, OP. Enjoy your new home!

Twiglets1 · 05/10/2023 20:39

Thanks for the update @Loobydoobies and I’m
glad it all worked out in the end - well played!

PenhillDarkMonarch · 05/10/2023 20:48

From £60k down to £5k Grin

CFs.

Sisterpita · 05/10/2023 22:06

Glad you have completed. Thanks for updating.

lionsleepstonight · 05/10/2023 22:14

Well done. Good luck for the move!

declutteringmymind · 05/10/2023 22:23

Well done! A pragmatic decision which probably took a lot of hard work. Hope completion is smooth and uneventful, and your new home is a happy one.

I'm intrigued about the rare find tho!

NigelFaragesTinyConscience · 05/10/2023 22:49

Well done on completion. So you let them have the 5k off?

interesting thread, invested till the end!

unbelieveable22 · 06/10/2023 10:28

Great result. Just make sure your buyer has no way of contacting you once you move.

ReineMarieGamache · 06/10/2023 10:31

Oh I'm really pleased for you! I wish you a smooth and uncomplicated moving day and hope you'll be really happy in your new home 🙂

Luckydip1 · 06/10/2023 10:34

Take back control of the deal by telling them to do one. They have invested quite a bit of time and money so might be a bluff.

WhistPie · 06/10/2023 10:40

Luckydip1 · 06/10/2023 10:34

Take back control of the deal by telling them to do one. They have invested quite a bit of time and money so might be a bluff.

Try reading the whole thread, or at least the OP's posts

Original poster
Loobydoobies · 06/10/2023 13:06

NigelFaragesTinyConscience · 05/10/2023 22:49

Well done on completion. So you let them have the 5k off?

interesting thread, invested till the end!

Pragmatic decision. We actually ended up even as our sellers have us the same amount of for other reasons.

If we had gone back to market, no guarantees we would get what we needed or keep the house we wanted!

OP posts:
Original poster
Loobydoobies · 06/10/2023 13:08

declutteringmymind · 05/10/2023 22:23

Well done! A pragmatic decision which probably took a lot of hard work. Hope completion is smooth and uneventful, and your new home is a happy one.

I'm intrigued about the rare find tho!

We are moving areas, and the property has a few things that aren't common in the area that we really like (age of house, size of garden, school catchment etc). In the time we have been looking, nothing similar has come up at all!

OP posts:
LadyDanburysHat · 06/10/2023 14:00

Whammyyammy · 14/08/2023 19:38

They're scum. Instruct your solid to influence them agreed price or no sale.

Happened to my mum many years ago, cocky husband of a couple tried it last minute by asking for a reduction. She declined and relisted and told EA not to forward their correspondence. Wife of couple turned up at house crying as it was her dream house and her husband ruined it. My mum sold to them in the end, for the same % over the original agreed price as he tried to reduce by.
He certainly learnt a lesson that day

Bloody love your Mum for that. Well played!

Broccoliforever · 06/10/2023 17:50

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Broccoliforever · 06/10/2023 17:51

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Waspie · 09/10/2023 12:23

Good update. Glad it's worked out and you have exchanged now @Loobydoobies Flowers

Broccoliforever · 09/10/2023 15:18

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Original poster
Loobydoobies · 09/10/2023 17:29

@Broccoliforever we did wonder that ourselves. We did have legit reasons for asking, though!

OP posts:
Littlegreene82 · 09/10/2023 17:56

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howdoesyourgardengrowinmay · 09/10/2023 18:06

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Expecting a £60k discount at the last minute without justification.... musta had a very good reason, yeah, nah, just greedy bastards.

Original poster
Loobydoobies · 09/10/2023 18:32

howdoesyourgardengrowinmay · 09/10/2023 18:06

Expecting a £60k discount at the last minute without justification.... musta had a very good reason, yeah, nah, just greedy bastards.

Show quote history

Amen.

OP posts:
Littlegreene82 · 09/10/2023 19:04

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CrashyTime · 10/10/2023 13:16

There are loads of people out there now wishing they had been more focussed on getting money off their house when they bought, if the market changes it is very legitimate to ask for money off at any stage of the process.

https://www.bbc.co.uk/programmes/m001rbqb

BBC One - Panorama, The Big Mortgage Squeeze

The homeowners feeling the squeeze as they come off cheaper fixed-rate mortgages.

https://www.bbc.co.uk/programmes/m001rbqb