Re-negotiate price?

[Itsanofrommehun]

We are FTBs and had our offer (we are buying in cash due to inheritance) accepted on a house in November but it took the vendors ages to find somewhere. We are not getting to the final stages now but back in March when they found somewhere we did ask for a £15k discount due to the market changing and they agreed to meet us half way to keep the chain together.

we have just found out that the house in over two plots of land one the house and one the garden, and so our conveyancer wants us to pay £500 extra for the additional transfer. We think the sellers should pay this and we shouldn’t have to assume responsibility for it? AIBU?

Ive just seen the OP's user name. If you cane at me with this suggestion my answer would be your username but less polite.

They need someone to move, it doesn't need to be you to make that happen though. Property is beginning to pick up again round here and prices are rising. If house prices went up would you be pissed your seller asked for more due to the market conditions. Abso-bloody-lutely you would.

How about you pay for your own conveyancing like everyone else eh. You've had a touch already so just pay up.

Presumably because he/she is your conveyancer and you have to pay the costs of registering title in your name.

You want your sellers to pay because your conveyancer is a money grabber?

No. Tell your conveyancer a second fee is unacceptable and should have been laid out from the start.

But even if they refuse, you are a CASH buyer, what is £500 in the grand scheme of things to you?

'They need us to move'

Keep telling yourself that, all the way up until they tell you to sling your hook.

Every seller has a breaking point, I would suggest you're getting pretty close to finding theirs.

Please take notice of all the posts on here, you really do risk pushing the vendors too far - you may think they need you buying their property, but everyone has their lines in the sand. I expect you may be very close to it.

Remember buying your first property is just the beginning, if you think you should get a reduction in the price (I am sure if house prices had increased you would not have offered to pay more) and now you expect the vendors to pay an extra £500, what will you demand once you have moved in? It was not your fault the oven broke the day after you completed? The shower leaked 6 weeks after completion?

If you want to chase anyone on this, speak to your solicitor, and ask them not to charge the extra £500, however you have admitted you knew about the situation so should have acted sooner.

Do not delay your purchase for £500 - in years to come, in fact weeks or months to come, you will realise how petty you are.

I agree. I think you took advantage and it was a pretty shitty thing to do as it is. If you asked for this £500 that would be the final straw for me and I’d pull out.

Insist on getting the £500 off. Do they have a dog? Insist they include that in the sale. Just before you exchange contracts make them give you their favourite pair of shoes. Eat their lunch. Let them know who's boss.

Unless the house is under £5k, £500 is nothing and I don’t understand why you aren’t trying to do all you can to speed this up.

After the trick you pulled with the previous price reduction (that was out of order btw), if I was the vendor and you were so petty as to ask for £500 off for this, I think I'd just refuse to sell to you tbh.

The thing is they need us to move, so why shouldn’t we adjust our offer to reflect market conditions?

You did that already, and got £7,500 off. Now you're just being gits.

Gosh I really hope karma bites you on the bum and you have to deal with buyers like yourselves when you come to eventually sell this house and you're in the middle of a chain. Hopefully your buyers will make you reduce price by 20% the day before exchange or something like that that. Buying and selling houses costs money. You want to be a homeowner, you pay your own conveyancing fees FFS. They aren't anyone else's responsibility.

If this purchase goes through and at some point in the future you sell the house, will you do the same for your buyer then? If they asked you to pay towards their conveyancing because the house is over two titles, would you agree?

You've already had money off to reflect changing market conditions because the sellers kept you waiting for some time.
This is not a changing market condition. You can communicate with your conveyancer if you are unhappy with their bill. You are behaving v unreasonably but you still don't seem to have grasped this despite everyone saying the same thing.

Tell your conveyancer to do one because they shouldn’t be springing extra costs on you now.

I still can’t believe they gave you £7.5k off

OP, you need to listen to the posters. They are all telling you the same thing: let it go.

How would you have felt if the seller had increased the price you agreed on because the market had changed? I imagine you would have been outraged and rightly so. You've pushed the seller more than far enough. You should pay the £500 or take it up with your solicitor.

How much are you actually paying for house?

They've not even got a mortgage. They inherited the money they are buying the house with.

But still want to sting the sellers for another £500 🤔

"they need us to move" but equally, you need them to move, seeing as their house is the one you want.

House buying and selling is hard but it's important to try to retain a civil relationship between buyer and seller. You both want the same thing at the end of the day so not worth ruining the relationship for a possible extra £500.

Just pay it - don't let the chain collapse for £500

Wow so many pressed sellers in this thread. It wouldn’t take long to find threads where sellers demand insane money and being picky.

It is buyers market unfortunately and it will be for a foreseeable. And let’s be honest, a lot of people still pricing their properties on the higher end, so I’m sure they were fine to give a discount. Cash or nit cash buyers, somebody’s financial situation shouldn’t matter, because it is just a transaction, not a charity arrangement.

I’m surprised that cash buyers even agreed to sit in the chain in this climate though.

It's not a buyer's market around here - there's not much coming on to the market.

And clearly the OP wants that particular house. But yeah, try and gouge another £500 out of the seller!

It wasn't their fault either! Your conveyancer knew and told you how much extra their fees will be. Get a different conveyancer if you aren't happy with their costs (and good luck with that 🤣).

FTB are the worst for chains. Chainfree is great but FTB have such unrealistic expectations

Not a buyers market everywhere though

It may not be your fault but it sure as hell isn’t your sellers’ fault either. In fact you were a bit naive not to have clarified this earlier. Why would you drag them into this? You sound immature at best.

It’s nice to be cash buyers; DH and I have been, through our own efforts, since before I turned 40. But the only relevance that has to the present situation is that presumably you can afford the £500.

I’m surprised that cash buyers even agreed to sit in the chain in this climate though.

And that gives you the clue to the fact that not every market is the same as in your area.