Is anyone moving now?

Author
Discussion

C70R

17,596 posts

105 months

Saturday 9th July 2022
quotequote all
Jaska said:
it's no surprise that your well off Londoner friends are similarly designed in the empathy department
Thank you for proving my point.

Shnozz

27,532 posts

272 months

Saturday 9th July 2022
quotequote all
You invited opinions and you have them. Stop sulking.

If it was me as a seller I would stop engaging, even if it was cutting my nose to spite my face.

Muzzer79

10,126 posts

188 months

Saturday 9th July 2022
quotequote all
C70R said:
The internet is a funny old place. A place where people feel emboldened by the anonymity of their username.

I had this conversation at the pub last night with a group of friends, all of whom have bought and sold at least one property in London.

The general consensus was "If you don't ask, you don't get. But be prepared for him to say no."

Nobody called me a four-letter expletive, or "scum". Nobody suggested I was taking advantage of the 'poor' seller. laugh
And the general consensus on here is that it’s a lowlife, stty thing to do.

Use your London friends or your poppycock about it being something of “variable value” to justify it to yourself if you wish, but don’t expect posters on here to shake your hand and congratulate you for being ‘shrewd’…..

You made a deal. Stick to your deal.


Jaska

728 posts

143 months

Saturday 9th July 2022
quotequote all
C70R said:
Thank you for proving my point.
I'm not sure anyone knows what your point even is biggrin yes you can now submit a lower bid, and yes a lot of people on this thread will think you're a dick for doing so.

These are not arguments, they're fact. Whether that bothers you or not is your own personal concern, attacking the posters here for telling you the brutal truth isnt going to change their opinions of you.

C70R

17,596 posts

105 months

Saturday 9th July 2022
quotequote all
Shnozz said:
You invited opinions and you have them. Stop sulking.

If it was me as a seller I would stop engaging, even if it was cutting my nose to spite my face.
I don't mind opinions. I find the assumptions and targeted, personal abuse quite funny.

C70R

17,596 posts

105 months

Saturday 9th July 2022
quotequote all
Jaska said:
I'm not sure anyone knows what your point even is biggrin yes you can now submit a lower bid, and yes a lot of people on this thread will think you're a dick for doing so.

These are not arguments, they're fact. Whether that bothers you or not is your own personal concern, attacking the posters here for telling you the brutal truth isnt going to change their opinions of you.
I'm not "attacking" anyone here. laugh

If anything, I've been the target for lots of personal abuse and attacks just for asking a question. All seems a bit keyboard warriorish and unnecessary.

CellarDoor

875 posts

89 months

Saturday 9th July 2022
quotequote all
Muzzer79 said:
C70R said:
normalbloke said:
C70R said:
We're on the verge of exchanging (last bits of paperwork being done), and I'm contemplating throwing a slightly lower offer at the buyer. Curious if the experiences of those who've done the same...

For context, the house is an absolute unicorn (I haven't seen anything comparable for less than 1m in two years of looking), to the extent that I think it's relatively downturn-proof (<300/sqft). The buyer needs to sell (relationship break-down) and is getting increasingly erratic/needy about our exchange.

We're in a good position with this being a second home, and having no chain (we're not selling, he's moving in with family), and being relatively expensive I think the prospective audience is reasonably small. We've only ever bought one property each, and both were simple asking price purchases 8-9yrs ago, so have no experience of haggling.

We made our original offer in April and don't need it to be cheaper, but I'm always open for a bit of negotiation. Thoughts?

Edited by C70R on Friday 8th July 19:12
It’s called ery, for good reason.
Don't feel too bad for the vendor. He's made a packet in equity and 80k in Airbnb rental in the last 18mths. He'll be fine.
Regardless of the vendor’s position, it’s still a stty thing to do

A deal is a deal. Stick to your deal. It’s the right thing to do.
£1m for 300 sqft? Do you mean 300 sqm as 300 sqft / 28 sqm is tiny!

C70R

17,596 posts

105 months

Saturday 9th July 2022
quotequote all
Muzzer79 said:
And the general consensus on here is that it’s a lowlife, stty thing to do.

Use your London friends or your poppycock about it being something of “variable value” to justify it to yourself if you wish, but don’t expect posters on here to shake your hand and congratulate you for being ‘shrewd’…..

You made a deal. Stick to your deal.
I'm not sure I invited the character assassination by asking for advice, but I appreciate the effort you've put in nonetheless.

healeyfan

251 posts

191 months

Saturday 9th July 2022
quotequote all
London. A shining beacon for how to behave. biggrin

pacenotes

280 posts

145 months

Saturday 9th July 2022
quotequote all
All I can say is if you were about to do it to me.

First I would talk to the estate agent, Remember they are on commission of the sales price so won't want it to drop even a little bit. They will also probably tell you how many offers they had and what it was like when it was on the market and what the local market is like. Talk to another estate agent in the area if you want to get the real story.

Don't get sucked in by the house price index reports, Sales are still happening in houses it's flats that are bringing it down. There's a huge rush to get new places before interest rises. There's a line of people to buy houses at the moment. More than likely the house has gone UP in value.


Personally, I would stop the sale, I feel out of principle. I know we would have someone else looking around in the morning.

You might get two replies, A no or an ok we will sell to someone else. That's the risk your going to take.

Muzzer79

10,126 posts

188 months

Saturday 9th July 2022
quotequote all
C70R said:
Muzzer79 said:
And the general consensus on here is that it’s a lowlife, stty thing to do.

Use your London friends or your poppycock about it being something of “variable value” to justify it to yourself if you wish, but don’t expect posters on here to shake your hand and congratulate you for being ‘shrewd’…..

You made a deal. Stick to your deal.
I'm not sure I invited the character assassination by asking for advice, but I appreciate the effort you've put in nonetheless.
C70R said:
We're on the verge of exchanging (last bits of paperwork being done), and I'm contemplating throwing a slightly lower offer at the buyer. Curious if the experiences of those who've done the same...

For context, the house is an absolute unicorn (I haven't seen anything comparable for less than 1m in two years of looking), to the extent that I think it's relatively downturn-proof (<300/sqft). The buyer needs to sell (relationship break-down) and is getting increasingly erratic/needy about our exchange.

We're in a good position with this being a second home, and having no chain (we're not selling, he's moving in with family), and being relatively expensive I think the prospective audience is reasonably small. We've only ever bought one property each, and both were simple asking price purchases 8-9yrs ago, so have no experience of haggling.

We made our original offer in April and don't need it to be cheaper, but I'm always open for a bit of negotiation. Thoughts?

Edited by C70R on Friday 8th July 19:12
You asked for opinions - “Thoughts”

Don’t get sensitive because you’ve received them.

Sheepshanks

32,887 posts

120 months

Saturday 9th July 2022
quotequote all
C70R said:
The internet is a funny old place. A place where people feel emboldened by the anonymity of their username.

I had this conversation at the pub last night with a group of friends, all of whom have bought and sold at least one property in London.

The general consensus was "If you don't ask, you don't get. But be prepared for him to say no."

Nobody called me a four-letter expletive, or "scum". Nobody suggested I was taking advantage of the 'poor' seller. laugh
You’re right being anonymous makes it different - likely most of your friends thought the same as every contributor here, why wouldn’t they?

johnnyBv8

2,419 posts

192 months

Saturday 9th July 2022
quotequote all
Desiderata said:
Dynion Araf Uchaf said:
Might not go the way you want.
Exactly this, someone tried to do it to me years ago. I bit the bullet, told them to fk off, then sold to the next highest bidder. I had the added advantage that this was in Scotland and I was able to sue the tt for the difference between his initial offer and the price I actually sold it for. It was only a couple of thousand pounds, but it was so sweet to screw him over instead of the other way around.
They did it after you’d concluded missives? The system is essentially very similar to England from a contracts perspective, though everyone thinks it isn’t ….there is no legal commitment in either Scotland or England until contracts are signed. This now tends to be just a few days before the sale completes.


Edited by johnnyBv8 on Saturday 9th July 13:47

pb8g09

2,360 posts

70 months

Saturday 9th July 2022
quotequote all
fesuvious said:
I'd hit you straight back with a price rise of equal amount. Then refuse to sell to you for anything less.

I'd also instruct the agent to put it back to market at the amount you attempted to get it for.
+1

pquinn

7,167 posts

47 months

Saturday 9th July 2022
quotequote all
I'll going to stick a flag up and suggest the whole conversation is so full of contradictions it stinks of bullst designed to get a rise.


skwdenyer

16,626 posts

241 months

Saturday 9th July 2022
quotequote all
CellarDoor said:
£1m for 300 sqft? Do you mean 300 sqm as 300 sqft / 28 sqm is tiny!
I assumed he meant £300 psf.

bodhi

10,607 posts

230 months

Saturday 9th July 2022
quotequote all
C70R said:
We're on the verge of exchanging (last bits of paperwork being done), and I'm contemplating throwing a slightly lower offer at the buyer. Curious if the experiences of those who've done the same...

For context, the house is an absolute unicorn (I haven't seen anything comparable for less than 1m in two years of looking), to the extent that I think it's relatively downturn-proof (<300/sqft). The buyer needs to sell (relationship break-down) and is getting increasingly erratic/needy about our exchange.

We're in a good position with this being a second home, and having no chain (we're not selling, he's moving in with family), and being relatively expensive I think the prospective audience is reasonably small. We've only ever bought one property each, and both were simple asking price purchases 8-9yrs ago, so have no experience of haggling.

We made our original offer in April and don't need it to be cheaper, but I'm always open for a bit of negotiation. Thoughts?

Edited by C70R on Friday 8th July 19:12
I'm not going to join in the pile on as I'm not sure it's entirely warranted, however in this situation I would stick to the deal in the table. If there were loads of comparable properties available then sure, but if it as much if a unicorn as you say I'm not sure I'd be risking the vendor suggesting you go forth and multiply when it seems a property you're particularly smitten with.

Can't say I'm sure the risk of losing it is worth 10k or so, especially when properties like that don't come up for sale every day.

NomduJour

19,165 posts

260 months

Saturday 9th July 2022
quotequote all
Shnozz said:
If it was me as a seller I would stop engaging, even if it was cutting my nose to spite my face.
This. Did exactly that myself - needed the money, but the extra three months was worth it knowing the moral-free lowlife didn’t get the house.

C70R

17,596 posts

105 months

Saturday 9th July 2022
quotequote all
Muzzer79 said:
You asked for opinions - “Thoughts”

Don’t get sensitive because you’ve received them.
I asked for the experiences of people who have done it before.

I got a load of angry keyboard warriors, who've never done it before, throwing personal insults at me.

Classic PH. laugh

bad company

18,708 posts

267 months

Saturday 9th July 2022
quotequote all
C70R said:
Muzzer79 said:
You asked for opinions - “Thoughts”

Don’t get sensitive because you’ve received them.
I asked for the experiences of people who have done it before.

I got a load of angry keyboard warriors, who've never done it before, throwing personal insults at me.

Classic PH. laugh
You asked for people’s thoughts and you got them.

Now you’re claiming to be a victim. laughlaughlaugh