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By womanofdulwich · Posted
You have to think to your self, if I buy this, will I have problems selling it? Ofc.you will. These kinds of properties are difficult, and although it may be reflected in the price, it will always be hard to sell. Stay clear. -
Price reduction reflects risk. -
I don’t expect any seller to agree to a price reduction — most of them feel it’s like robbery. For example, I was buying a property on Darren Road. They asked for £870k, I offered £830k, they rejected it. Then I offered £840k and they accepted. Later we discovered party wall issues, so we didn’t want to proceed unless the price was reduced to £780k. The seller refused and told us we were dreaming，we immediately pulled out. In the end, the house dropped to £730k, then £670k, and I believe it eventually sold for around £670k. This is a stage every seller has to go through, so I don’t bother arguing. If it doesn’t feel right, I just walk away. -
drop your offer price dramatically and continue, or walk away.
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