Report Meanwhile Over At Mse in House prices and the economy Posted September 15, 2010 What we dont know, is the other side of the story. Yes an offer is an offer. The status will be "Sold Subject to Contract". Part of exchanging is getting the place surveyed to ensure it is structurally sound and will not need an work etc etc. Maybe this seller has several issues with his property that they chose to hide but has subsequently come out in the survey. It is imperitive that you can return to the table and adjust your price as you see fit following having this survey done and getting your mortgage from the bank Of course it is. The offer is subject to survey and if that survey reveals that unforseen expenditure will be required, it is entirely reasonable to change the offer. What is under discussion here is offering on a property which is then taken off the market, proceeding to the point of exchange and then reducing the offer just to make a few quid.