I was about to put in an offer but now what?

bigfreddiel

anchovypizza wrote: »

Well the present government is now forecasting a 20% fall in house prices, that's assuming you believe what they were saying in the election campaign.

So what! Your house goes down by 20% and so does the one you're buying - net result - no change, just that the sums get smaller

StumpyPumpy

bigfreddiel wrote: »

So what! Your house goes down by 20% and so does the one you're buying - net result - no change, just that the sums get smaller

Unless your 20% discounted house price is less than your mortgage, and they won't let you sell at the new market rate - then it is a massive change.

SP

Knicknack

Will house prices really fall?

http://www.bbc.co.uk/news/business-36600225

ixwood

Be careful about listening to "advice" or comments on here.

The HPC (House Price Crash) losers are amazingly even more desperate than usual and are making stuff up on here and elsewhere, hoping they can panic people and might finally get the economic disaster they've been wanting after 15 years of being wrong and paying a BTLer's mortgage for him:-

http://www.housepricecrash.co.uk/forum/index.php?/topic/210288-game-changer-brexit-house-prices-merged/?p=1102973274
http://www.housepricecrash.co.uk/forum/index.php?/topic/210288-game-changer-brexit-house-prices-merged/?p=1102973281
http://www.housepricecrash.co.uk/forum/index.php?/topic/210288-game-changer-brexit-house-prices-merged/?p=1102973310

Money_saving_maniac

Sheesh ixwood you spamming every thread on here with the same post?

ixwood

Just the ones the HPC loser posted they'd infiltrated...

poppy10_2

moneyistooshorttomention wrote: »

Charming ! - not....

This is a money saving forum, not a spend-more-money-than-you-need-to-in-order-to-be-charming forum

solidpro

So what! Your house goes down by 20% and so does the one you're buying - net result - no change, just that the sums get smaller

Unless if you're buying with no place to sell...

cashbackproblems

Even estate agents are saying prices will fall!! As pointed out the govt said during their pre-result studies that prices will fall 20% with Brexit, whether this a long term purchase or not, if for a typical 200k house do you really want to pay 40k + interest more than you have to?? That equates to a 5-8 years of extra work just to overpaying!

Above are the facts, imo (which is subjective), I think prices will fall more than 20% due to prices already being at breaking point and this new stamp duty rise already before the referendum had properties in the south east not selling for months as vendors were asking for too much

Money_saving_maniac

I think prices will fall. But I can't predict by how much. After all we have already seen the market fall when the crash hit.
All buyers can do is look to be sensible.