Renegotiating after Sale Agreed

We were sale agreed recently on a property we really liked. Surveyors report highlighted approx 25k worth of repairs required immediately.

Sellers were not interested in any effort to negotiate or remedy defects so we walked away before wasting any more time/money on it.

You've waited this long so I do not believe you want to walk away from it. I'd be pushing an ultimatum of getting things over the line in 21 days rather than looking for a discount on the sale price.

Asking prices may have dropped in the area but that's not to say the sale prices have.
 
What happens if one party has a change of mind after contracts have been signed and no longer wishes to proceed with the sale/purchase?
 

a close relative of mine is in a similar position , they are very reluctant to request a revised sales figure however , the vendor could huff it and pull the property , in this case , there is a regulation breach which creates concern about possible resale value in terms of mortgage approval , relative is a cash buyer so no effect whatsoever to them ( if they never resell )

i suppose you need to ask if a 15K discount is worth the gamble ?
 
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