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I was about to put in an offer but now what?
Stuart788
Posts: 915 Forumite
I was going to offer £125,000 for a property here in Northern Ireland but given the news should I reduce the offer?
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Comments
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Sorry if this comes off a bit silly but the only consolation I can take from the result today is that it might make it a bit easier to get on the property ladder.
My partner and I really liked a property which costs £125,000, in Northern Ireland, and we decided to go for it but waited until the results of the referendum first. Still didn't expect this though!
So given the results how much if at all should I reduce the offer? Also should I wait until the certainty improves or is now the ideal time to do it?0 -
Nobody knows what will happen now. I don't think I'd be doing anything immediately, plus the banks may well be rethinking mortgage offers...
Jx2024 wins: *must start comping again!*0 -
Given the fall in the pound, the predicted (5:30) fall in the FTSE of 20%, I'm not sure they'll have any money to lend....
The financial reaction is already extreme....
Aside from panic, I'm not sure anyone can advise what to do...0 -
Nothing is going to happen straight away to houseprices or IR's.... but there's nothing stopping you from getting ahead of the curve and offering less now based on what's likely to happen.0
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Will you be getting a mortgage?0
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No Mortgage thankfully but have no idea what to do now. Had hoped to have a new place by September when my tenancy expires.0
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Personally - I'd go ahead exactly as per plan.
Who knows if Brexit will make a difference to house prices? and, if it does, it will probably take a while to filter through.0 -
What's more important: a roof over your head or money in the bank?Some days you're the dog..... most days you're the tree!
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Well both are pretty important.0
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If you're a cash buyer not requiring a mortgage then I would definitely hold off buying for now.0
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