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dst2
@Tenderloin
We managed to knock a decent percentage off the property but it's pretty stressful. We left it till quite late on and the vendor had already agreed when they were to exchange on the next property. I'd taken insurance out against everything if it all went south but the increase in property value would've meant it was still a huge cost - i.e 5 months of negotiations and house prices rising by £1k per week (Leyton) would mean you'd need a £20k reduction in price.
They'd also lived at the property for a long time so had a decent amount of equity and so felt more able to move on price to get things going.
We'd also gone well over the listed price, so were aiming to bring it back down.