Chain breaking up at last minute. Any suggestions how to repair.

ddonq1412

My seller is willing to drop 1k and match me but that is it. or we both readvertise till we can in better positions. Cleaning the house i might miss a few bits. but taking bulbs out is pretty harsh revenge.

Crashy_Time

Thrugelmir said:

The summer, post lockdown, provided a far bigger selection of properties to choose from. The FTB simply found something more to their liking. Remarket your property and move on. 

Exactly, drop your price and move on.

newsgroupmonkey_

I'd absolutely look to take advice from someone who has, for a number of years, avoided buying a house because of an impending price crash, instead choosing to live in a bedsit and now being entirely priced out of the market

Crashy_Time

If someone is genuinely involved in the property "game" they really need to know the difference between a flat and a bedsit! I would be wary of taking advice on forums from people with mortgages/multiple BTL etc. they are too emotionally and financially invested to think clearly at a time like this.

rik111

I would listen to @Crashy_Time , house prices have been held at an artificial level for too long, government is now talking about negative interest rates to try and maintain this bubble. His predictions would have come true many years ago if it wasn’t for government interventions but now they are running out of options and having created the biggest bubble in history we may also see the biggest burst in history.
And yes I own my own house and have never in my life rented.....

ddonq1412

6k is too big of drop for me at present time. Waiting to see if EA will come back with a proposed solution. The unknown is most annoying thing about it all. 

Crashy_Time

I can`t see waiting longer as a good option, things are obviously deteriorating not getting better.

Salemicus

rik111 said:

I would listen to @Crashy_Time ... His predictions would have come true many years ago if it wasn’t for government interventions ...

Hilarious!

I too suggest you listen to Crashy Time if you want to make what would have been a good decision if not for a whole bunch of other stuff.

Doozergirl

Salemicus said:

rik111 said:

I would listen to @Crashy_Time ... His predictions would have come true many years ago if it wasn’t for government interventions ...

Hilarious!

I too suggest you listen to Crashy Time if you want to make what would have been a good decision if not for a whole bunch of other stuff.

Even a stopped clock is correct twice a day. 

I'd also seriously consider trying to make this sale happen right now. 

The stamp duty holiday will be finishing in March and so it's sales being agreed now that will be potentially sailing close to that wind.  

And Brexit.  That looks like fun for the next few months.  

And Covid.  The summer holiday has well and truly come to a close.  

I don't see much to be optimistic about over the coming months.  

Salemicus

I too would want to progress the sale if I could, but it's not simple.

• The buyer is clearly reluctant and may try more shenanigans in the future. It's possible that remarketing now is the best way to achieve a quicker sale.
• We don't know how much 5k represents in the deal. On a £1m property, I'd eat the loss and move on. On an £80k property, I'd be much more reluctant.

Note that @Crashy_Time did not suggest "trying to make this sale happen right now." Instead, he suggested remarketing at a lower price. And he recommends a lower price knowing nothing about the previous level of interest in the OP's property, comparables, etc. Yes, it may be good advice, but it's just a coincidence if so.