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Buyer pulled out on day of exchange

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Comments

  • badger09
    badger09 Posts: 11,813 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I wouldn't worry too much about the 'warehouse' look. The house we're buying (hopefully) was in just that state when we viewed, as their buyers had done exactly the same thing to them! We were only looking because our vendors had pulled out, so at least we were all sympathetic. 

    Fingers crossed your viewings go well.
  • tink_1983 said:
    Thank you all for the replies. 
    Agents called today and we have 3 viewings lined up for tomorrow. So project make the house look homey and not like a warehouse has commenced.
    Good luck with these. 
  • MobileSaver
    MobileSaver Posts: 4,377 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 29 December 2020 at 10:20AM
    Yep ... it will mean a big reset in their thought process.
    Oh the irony! :o
    Someone like you who has been WRONGLY PREDICTING a house price crash for more years than they care to admit telling others they need to "reset their thought process!"
    Every generation blames the one before...
    Mike + The Mechanics - The Living Years
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Yep ... it will mean a big reset in their thought process.
    Oh the irony! :o
    Someone like you who has been WRONGLY PREDICTING a house price crash for more years than they care to admit telling others they need to "reset their thought process!"
    Thing is it is now so finely balanced, the debt pile I mean, that we don`t really need a crash now to see the market stall, any sign of prices going into reverse will see over-streched and furloughed borrowers staying away from the market in droves, for many people in the country a proper house price crash would be a relief though, like rain after a prolonged heatwave.
  • MobileSaver
    MobileSaver Posts: 4,377 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 3 January 2021 at 6:22PM
    the irony ... someone like you who has been WRONGLY PREDICTING a house price crash for more years than they care to admit telling others they need to "reset their thought process!"
    we don`t really need a crash now to see the market stall ... for many people in the country a proper house price crash would be a relief
    As has been said many times, a "proper house price crash" would be really bad news for many people as it would make it even harder to get on the property ladder. The winners if there ever was a HPC would be the existing cash-rich home-owners snapping up all the bargains.
    It is interesting to see that your rhetoric is now changing to talk about the market "stalling" rather than crashing; methinks even you now know that your HPC fantasy is not going to happen...
    Every generation blames the one before...
    Mike + The Mechanics - The Living Years
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    the irony ... someone like you who has been WRONGLY PREDICTING a house price crash for more years than they care to admit telling others they need to "reset their thought process!"
    we don`t really need a crash now to see the market stall ... for many people in the country a proper house price crash would be a relief
    As has been said many times, a "proper house price crash" would be really bad news for many people as it would make it even harder to get on the property ladder. The winners if there ever was a HPC would be the existing cash-rich home-owners snapping up all the bargains.
    It is interesting to see that your rhetoric is now changing to talk about the market "stalling" rather than crashing; methinks even you now know that your HPC fantasy is not going to happen...
    It can`t be a "ladder" in a crash, and as the CB`s are obviously going to backstop the banks come what may loans would start going out at lower multiples of salary and much higher mortgage rates, you don`t really think they will stop lending do you, the entire system is based on continuous lending!
  • GDB2222
    GDB2222 Posts: 26,949 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 3 January 2021 at 10:22PM
    the irony ... someone like you who has been WRONGLY PREDICTING a house price crash for more years than they care to admit telling others they need to "reset their thought process!"
    we don`t really need a crash now to see the market stall ... for many people in the country a proper house price crash would be a relief
    As has been said many times, a "proper house price crash" would be really bad news for many people as it would make it even harder to get on the property ladder. The winners if there ever was a HPC would be the existing cash-rich home-owners snapping up all the bargains.
    It is interesting to see that your rhetoric is now changing to talk about the market "stalling" rather than crashing; methinks even you now know that your HPC fantasy is not going to happen...
    I actually don’t follow why a price crash would make it harder for FTBs? There must be a step in the logic that you think is obvious and I haven’t spotted. It’s probably me being dense.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    GDB2222 said:
    the irony ... someone like you who has been WRONGLY PREDICTING a house price crash for more years than they care to admit telling others they need to "reset their thought process!"
    we don`t really need a crash now to see the market stall ... for many people in the country a proper house price crash would be a relief
    As has been said many times, a "proper house price crash" would be really bad news for many people as it would make it even harder to get on the property ladder. The winners if there ever was a HPC would be the existing cash-rich home-owners snapping up all the bargains.
    It is interesting to see that your rhetoric is now changing to talk about the market "stalling" rather than crashing; methinks even you now know that your HPC fantasy is not going to happen...
    I actually don’t follow why a price crash would make it harder for FTBs? There must be a step in the logic that you think is obvious and I haven’t spotted. It’s probably me being dense.
    I believe the thinking is that lending will dry up as happened in 2008, but this isn`t a banking crisis this is an unemployment crisis and it doesn`t matter how much lending is available people looking at unemployment or reduced income are not going to pay bubble prices for basic shelter, and the banks don`t want to stop lending, why else were they bailed out and backstopped to lend into the economy since 2008! The thing the HPI Forever crowd don`t seem to get is that the world won`t stop just because house prices crash!
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