What to offer post-referendum?

spadoosh

guestiee wrote: »

Sorry, I have a completion date in 2 weeks.

You hope you have a completion date in two weeks, what you dont know is your buyer has just started a thread saying 'completing in two weeks, want to renegotiate'.


On the serious side all you can do is make an offer based on what your willing to pay. You cant force someone to reduce their price because of Brexit and theres certainly nothing solid to suggest accuracy in predictions. Offer what your willing to pay, if refused carry on looking.

TrickyTree83

spadoosh wrote: »

You hope you have a completion date in two weeks, what you dont know is your buyer has just started a thread saying 'completing in two weeks, want to renegotiate'.


On the serious side all you can do is make an offer based on what your willing to pay. You cant force someone to reduce their price because of Brexit and theres certainly nothing solid to suggest accuracy in predictions. Offer what your willing to pay, if refused carry on looking.

Exactly, and please don't forget brexit hasn't even taken place!

If we end up with EFTA/EEA not much will have changed. According to some we may get a 2nd referendum and Remain might win. There is so much uncertainty around brexit that I don't think it's a valid excuse (which is what it is) to lower offers. As a seller unless I was hard pressed to sell quickly I wouldn't accept in the current climate.

ElsieMonkey

I'm getting really tired of hearing about Brexit. We are still part of the EU, and will be for at least the next 2 years. Why should people accept lower prices based on a load of 'what-ifs' and predictions. If a buyer wants to wait for 6 months, 1 year, 2 years to see what pans out, fine, but do that in your own time, don't waste a sellers time by messing them about.

If you do want to buy now, you can only do that based on the FACTS known TODAY, which are, no one knows what will happen, which was the same pre-referendum. There are plenty of variables that impact house prices, not just a referendum vote of which hasn't even come into effect yet. Like I said, people have a right to be cautious or concerned, but do it in your own time.

This isn't directly to the OP by the way, just a general rant!

Hoploz

I'd consider offering less. Not because of Brexit, tbh I haven't even read any of the million other threads on here with that in the title. But simply because the situation has changed for you and the seller.

It sounds as if they've had their sale fall through. If they are buying as well then they may well take a lower offer due to your good position. Assuming all goes well you will be what the estate agents call a 'cash buyer' ie nothing to sell, by the time you come to buy theirs. (though presumably you have a mortgage, but that it all in place with AIP agreed?)

guestiee

Hoploz wrote: »

I'd consider offering less. Not because of Brexit, tbh I haven't even read any of the million other threads on here with that in the title. But simply because the situation has changed for you and the seller.

It sounds as if they've had their sale fall through. If they are buying as well then they may well take a lower offer due to your good position. Assuming all goes well you will be what the estate agents call a 'cash buyer' ie nothing to sell, by the time you come to buy theirs. (though presumably you have a mortgage, but that it all in place with AIP agreed?)

Hi Hoploz, thank you for this useful post. I feel I could clarify a few things here.





The seller's accepted an offer on the property, and has been sold stc for a couple of months.


I called their estate agents yesterday to simply let them know that the property still interests us and that in a few weeks we would be cash buyers (albeit with a mortgage AIP). She informed me that the original buyers pulled out as the sellers have not found anywhere to live yet, but they are considering placing an offer over night and would let me know today what happens. They hadn't re-advertised so not to waste another buyers time.


So do you think my change in 'buying' circumstances is acceptable/common practice enough to try a lower price?

cashbackproblems

ElsieMonkey wrote: »

I'm getting really tired of hearing about Brexit. We are still part of the EU, and will be for at least the next 2 years. Why should people accept lower prices based on a load of 'what-ifs' and predictions. If a buyer wants to wait for 6 months, 1 year, 2 years to see what pans out, fine, but do that in your own time, don't waste a sellers time by messing them about.

If you do want to buy now, you can only do that based on the FACTS known TODAY, which are, no one knows what will happen, which was the same pre-referendum. There are plenty of variables that impact house prices, not just a referendum vote of which hasn't even come into effect yet. Like I said, people have a right to be cautious or concerned, but do it in your own time.

This isn't directly to the OP by the way, just a general rant!

we are part of the EU but its not speculation that we wont be in the future...that is CONFIFMED! that is a fact today!

There are plenty of negatives out there already which WILL impact price e.g. future employment warnings (a mortgage is a 25 year commitment so your point on just considering the today is absurd).

People are already pulling out of deals and buyers offering less by big margins.

TrickyTree83

cashbackproblems wrote: »

we are part of the EU but its not speculation that we wont be in the future...that is CONFIFMED! that is a fact today!

There are plenty of negatives out there already which WILL impact price e.g. future employment warnings (a mortgage is a 25 year commitment so your point on just considering the today is absurd).

People are already pulling out of deals and buyers offering less by big margins.

Until we issue article 50 it is not. Claiming otherwise is misleading everyone on here.

glentoran99

cashbackproblems wrote: »

we are part of the EU but its not speculation that we wont be in the future...that is CONFIFMED! that is a fact today!

There are plenty of negatives out there already which WILL impact price e.g. future employment warnings (a mortgage is a 25 year commitment so your point on just considering the today is absurd).

People are already pulling out of deals and buyers offering less by big margins.

nothing is confirmed at all!!

cashbackproblems

TrickyTree83 wrote: »

Until we issue article 50 it is not. Claiming otherwise is misleading everyone on here.

Cameron has said this will be issued.. just WHEN not if. Having another referendum (which both parties have ruled out and would cause bigger disruptions) isn't likely. Its misleading to just ignore whats going on, have your head in the sand and shout "prices are rising prices are rising" when this is a large v long term commitment for most people.

TrickyTree83

cashbackproblems wrote: »

Cameron has said this will be issued.. just WHEN not if. Having another referendum (which both parties have ruled out and would cause bigger disruptions) isn't likely. Its misleading to just ignore whats going on, have your head in the sand and shout "prices are rising prices are rising" when this is a large v long term commitment for most people.

Right, so if a new tory PM gets in on a ticket of not issuing article 50, holding another referendum Cameron is going to be correct is he?

You can not possibly know what is to come over the next few months. Only when the government position becomes crystal clear can you make such statements.