"Potential" Conservative majority meaning

Cooper12

First time poster I hope this is okay.
Looking to buy our first house this month. With the exit poll and the more than likely majority the conservatives now have. Does this leave me in a better position to negotiate or should I wait until after the 31st of January. Any guidance on this would be great

Thank you

Thrugelmir

Negotiate what precisely? Seems as if the status quo will be maintained if the forecasts are proved correct.

csgohan4

OP please clarify what a conservative win will mean for your house, if you went to a buyer asking for a discount due to the conservatives, what do you think the answer would be? something ending with 'off' potentially


People will buy houses whatever party is in party and whether in EU or not

foxy-stoat

I bought my house a month ago - can I claim mis-selling now? !!!!!!

ACG

Sterling and share prices jumped after it was announced it looked like Conservatives would win.

On that basis I would expect house prices to at least remain stable. But regardless of who got in power, if I was selling and someone said to me I want you to drop the price because x got in power, I would ask you to close the door on the way out, that alone is not a reason to negotiate a house price.

Thrugelmir

ACG wrote: »

On that basis I would expect house prices to at least remain stable.

Still subject to wider events.

confusedftb

there are many things.

first of all, the majority conservative win has given back the lost confidence to the public. therefore it will mean that the demand for houses may rise, and same for the prices.

Lots of people were holding to buy because they were expecting the elections to result in a hung parliament, which would have meant further uncertainty and further drop in prices of houses. but its gone otherwise. one of the things i would assume is that the housing market will get stable, supported by the fact that shares of property builders shot up straight away after the election win.

Nevertheless, still a good time to get going and exchange because the more stable it gets the less negotiating power the buyer will have because of the increased supply of buyers. But there will also be more houses in the market.

An essay could be written on this, really depends what you are looking for.

Good luck!:)

davidmcn

confusedftb wrote: »

first of all, the majority conservative win has given back the lost confidence to the public. therefore it will mean that the demand for houses may rise, and same for the prices.

Until 2020 progresses, people begin to realise we're not going to conclude a trade deal with the EU in record time, and 12 months from now we're again on the precipice of a no deal Brexit.

dimbo61

If you need a home then start looking.
Unless you like the flexability of renting or staying in your bedroom with Mum and Dad paying the bills etc.

ACG

Thrugelmir wrote: »

Still subject to wider events.

Of course, but that goes for any time, not just an election.

Thrugelmir

ACG wrote: »

Of course, but that goes for any time, not just an election.

At the current time highly pertinent though factoring in events at an international level. The after effects of the GFC are still impacting.