'It was the most stressful and frustrating time.'
Many sellers are seeing offers slashed right before exchange The day before she was due to exchange contracts, the people buying Katharine Storr’s family home slashed their offer by £30,000. ‘They were bringing up all kinds of things which were in the survey, but weren’t issues at all,’ said the mum, 38, who lives in Tooting with her husband Matt and their kids. ‘They had us over a barrel and knew it as we have three children and were moving house for schools.
She immediately declined and took another offer just under asking price, but the gazunderer later got back in touch, seemingly regretting his decision. The economic downturn has created a buyer’s market Maria told Metro.co.uk: ‘He put a letter in the post box offering us full asking price and said it was his dream home, and he’d even wondered if the estate agent had passed on his offer.