M
1. Renegotiate any time up until you sign the contracts. Until then you are free to do whatever you want.
2. If a purchaser wants to renegotiate the price after signing contracts, that is called gazundering. If a vendor is not in a hurry they will sue the gazunderer and keep the deposit. If the vendor is in difficulties, they may have to accept the lower offer because even though technically they are entitled to hold a purchaser to a contracted price, they may have no alternative.
I regard gazundering as worse than the lowest form of life. It is the worst form of screwing someone over - it is not illegal, it is a breach of contract but the inherent difficulty is that people may be trapped into no alternative.
Buit if you do sign and try and re-negotiate you will find yourself at the mercy of the ea, but it is not illegal.
As there are no contracts in place this is all you need to do, but if they ask for a reason tell them there is better value available elsewhere. They may come back with a more attractive offer......
Now is the time to re-negotiate, just ring up and request your deposit back, saying you're pulling out. No need to give a reason even.
if you havent signed any contracts then you can negotiate without any problems.
mf1, How come it's not illegal to do this after the contract is signed?
I regard gazundering as worse than the lowest form of life. It is the worst form of screwing someone over - it is not illegal, it is a breach of contract but the inherent difficulty is that people may be trapped into no alternative.
mf
that's how you set the bar for forms of life? worse than child abusers, worse than war criminals. just a little bit silly. OP you should regard such comments with a pince of salt
How much is a "pince"?OP you should regard such comments with a pince of salt
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