To Exchange if we Brexit

dzug1

xpi wrote: »

What if you decide to leave the country, but you cannot sell your house because houses has fallen down?

In a worst case scenario I wonder if there will be anywhere you can leave to?

Sky_

If I were your vendor and you asked that, I'd tell you to jog along.

Regardless of anything you said afterwards, I'd no longer trust you so I'd withdraw from the sale and look for a new buyer.

SevenOfNine

Sky_ wrote: »

If I were your vendor and you asked that, I'd tell you to jog along.

Regardless of anything you said afterwards, I'd no longer trust you so I'd withdraw from the sale and look for a new buyer.

As Sky & others have said.

We were recent sellers of a property, any whiff of mucking about on the part of the buyers (at ANY stage of the sale) was to be met by our estate agents by a firm & final NO, with the house put immediately back on the market & the prospective buyer told to in no uncertain terms to "do one". Wouldn't be able to trust them.

Has this possible purchase cost you any money yet, solicitors fees already I should think, survey maybe? Think carefully.

Nobbie1967

If you are that concerned by the impact of Brexit, then maybe you should simply pull out if the vote goes that way and stay in rented? As a seller, I wouldn't entertain a reduction based upon what might happen in the future. I'm pretty sure there will be a correction in the housing market at some point irrespective of Brexit.

Maybe it's best that you stay in rented and save up a bigger deposit so that you won't end up in negative equity with a 20% drop in prices.

Miss_Samantha

That's a good one to start the day!

lewishardwick

To the Mods:

Can we have some kind of algorithm that condenses all these 'What if ... Brexit' threads? They're getting a bit boring now.

If you're worried about prices dropping, then pull out and wait. Don't mess other people about!

danslenoir

I haven't read all the replies, but I hope most of them are telling you that your suggestion is completely nuts.

You would be asking for a price reduction based on a completely hypothetical scenario, at a very late stage in the process. If I were your vendor I'd tell you to get stuffed.

iantojones40

The current property market bubble has been pumped up by government and central bank props and intervention, whichever side wins, in or out, they'll want to prove they're right by further inflating the bubble with yet more of the same.

davidmcn

david171 wrote: »

Like i said, really this is a 5 year home, not a forever home and we dont want to make any mistakes which could prevent us from moving up the ladder in years to come.

So what's your plan if we have a win for remain, but in 5 years time there's another referendum pending and your buyer is threatening to drop the price at the last minute as they're worried about an exit vote...

TrickyTree83

davidmcn wrote: »

So what's your plan if we have a win for remain, but in 5 years time there's another referendum pending and your buyer is threatening to drop the price at the last minute as they're worried about an exit vote...

Tell the buyer where to go

But the OP won't know that yet.