Just an observation really but I've noticed what seems to be a worrying trend of buyers asking for reductions before exchange and sellers agreeing to %reductions.
I've been reading the property threads for a few months due to our own situation (selling and purchasing a new house) and I've noticed a huge number of people commenting of either thinking about asking for a reduction or sellers casually mentioning they agreed to a reduction.
When I move last, 7 years ago, this was unheard of. Perhaps I just got lucky?
Is this the norm now?
It worries me because if our buyer doesn't pay what the agreed sale price is we won't be able to afford our onward purchse: a choice we.made directly related to the sale.price on our current home.
Should we have anticipated that our buyer will ask for reduction down the line? Am I being naieve?
It seems that the agreed sale price is now just a starting number and the Real negotiation starts after all all the paperwork/surveys/queries are back.
Anyone more experienced got any insights?