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Can I renegotiate sale price on a house once we've agreed on one?

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Please help me.

 

I'm a little stressed out. We have recently agreed to buy a property but in our haste, I feel that we have overpaid for it so I would like to renegotiate with the seller for a lower price.

 

Is this possible?:confused:

 

The solicitors checks are going through but we haven't signed any contracts as yet.

 

Also, our survey picked up that the house needed new electrical wiring throughout - can I use this as a reason to lower the price a little? Or is it too late......... :(

 

Any advice would be much appreciated :)

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Please help me.

 

I'm a little stressed out. We have recently agreed to buy a property but in our haste, I feel that we have overpaid for it so I would like to renegotiate with the seller for a lower price.

 

Is this possible?:confused:

 

The solicitors checks are going through but we haven't signed any contracts as yet.

 

Also, our survey picked up that the house needed new electrical wiring throughout - can I use this as a reason to lower the price a little? Or is it too late......... :(

 

Any advice would be much appreciated :)

 

 

Yes you can, get some estimates for the cost of the re-wire and use this as leverage.

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Yes you can, get some estimates for the cost of the re-wire and use this as leverage.

 

Thanks for your help :)

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Known as guzundering I think.

 

certainly an opportunity to renegotiate form the survey, but why not be honest. I think I've paid too much, I want to negotiate a new price. If they won't, you are free to walk away until you exchange contracts.

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Get on with it before your solicitors bill get too heavy. If you are nervous about making a reduced offer, ask your solicitor to do it for you.

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