Property News · May 11, 2017

Can a buyer legally ask to cut agreed offer price?


I have accepted an offer on my house, but the purchaser is asking for a reduction citing repair worksQ I have accepted an offer on my house but the purchaser is now asking for a further reduction in the price due to work required on the property. Is this legal? And, if so what is your advice on how to deal with it? HWA Yes it is legal and quite common when a survey reveals extensive – and expensive – work required on a property. Once a buyer’s offer on a property is accepted by its seller, in estate agent speak, the property becomes “sold subject to contract”, which means that the price can still be negotiated. Continue reading…

Source : theguardian.com
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