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Cash buyers and more so foreign cash buyers will tend to be quite aggressive, simply because it doesn't cost them anything to be so due to the nature of their position.
We sold our flat to a foreign cash buyer; our position was 'you exchange by this date for this money, and if you do not, piss off'.
Still didn't stop them from trying to stiff me regarding some unpaid works on the place though, which fortunately I spotted and had to tell them again how things were going to be. Exhausting and boring in equal measure.
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Foreign buyers seem to be full on and think that you will bow to there wim because they have cash. You done the right thing.
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I had a buyer who demanded a 20% discount in the week before exchange (due to uncertainty in the market from Covid). Told them that wouldn't be happening and the main reason I'm happy about increasing property prices is that fucker will eventually have to fork out more to buy somewhere.
I actually ended up selling for a higher price than the previous offer so it wasn't the disaster I thought it was going to be at the time.
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Howard
konastab01
aggi
@kl
We've just had our cunt buyer walk away from our sale a week or so prior to exchange because he's a cunt. Demanded big discounts and that we basically refurb the house at the last minute (his survey took place a month ago and identified nothing material) and walked when we politely declined. We know a bunch of people who've had issues with cash buyers from China doing this, but wanted to deal with this cunt on face value. Turns out, he's just a shitbag cunt.