Private survey under valued by 15000

davidmcn

seanm89 said:

GDB2222 said:

Clearly, the price agreed is intended to be for completion (not exchange) before 31 March. You can drop out at any time before exchange, and it's probably not necessary to spell this out. Everyone in the chain is in much the same position, and I expect there will be some renegotiation if the deadline is missed. 

what comeback do you have if you exchange contracts and we all agree to move before march 31st but for whatever reason it doesnt happen?

For all practical purposes, that isn't going to happen. Exchange only happens when everybody is certain they can complete on a specific date. Big penalties if it doesn't happen.

binao

Crashy_Time said:

MEM62 said:

binao said:

It's been reported Multi property landlords are reducing risks by  selling property, then buying when prices go down.

Errrr........No.  This isn't happening.  

You can`t know this for the whole country/all landlords, maybe some are. No idea who would be buying though?

 So true @Crashy_Time

Many Multi property landlords have expanded with borrowed dosh and now own / control substantial numbers of rental property.

Many young peeps now see rental as the norm but will return to the nest or friends etc if Covid hardship strikes.

You can workout the problems this will bring and the future scenario for landlords. 

Renting now and buying later may well be a good move.

Crashy_Time

AdrianC said:

MEM62 said:

binao said:

It's been reported Multi property landlords are reducing risks by  selling property, then buying when prices go down.

Errrr........No.  This isn't happening.  

Lots of things get reported, despite not actually happening...

Like the property market is "booming" etc?