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Post Stamp Duty Deadline...will it go quiet now?
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We still have alerts set up and have seen at least 3 properties come back on the market in the past week.ucl1986 said:I imagine lots of properties will re-appear on the market. There will be a lot of !!!!!! off buyers who will walk away from their purchases if they missed the SDLT holiday deadline.0 -
I think people going back into work, office full time or a few days a week is also having some bearing.
Suddenly spending an extra £100k+ on a bit more space they will not be using so much, is not looking as appetising as it did a few months ago.1 -
Wouldn`t call it a concern, hopefully it will be happening a lot more.Strawberryplant said:Our sale nearly fell through because the property was downvalued by the mortgage provider surveyor from £230 to £215. We couldn’t afford to cover that difference. Initially the seller said they wouldn’t reduce the price and would just put it back on the market. After a tense few days they agreed to meet in the middle (of our agreed offer and the valuation). We’d already looked at a few more houses in the meantime and were dreading going back to square one and potentially having the same thing happen again.
Wonder if downvaluations have happened a lot following the bidding wars that have been goi f on and the increase in the market. Lenders getting more cagey over the last month or so? Of course this estate agent told us this hadn’t happened to anyone else and our mortgage company must be bonkers, but 3 other estate agents said it’s a growing concern.
So maybe a reason some sales are falling through. Anyone else experienced this?0 -
Do you have a link to any decent price drops?paulj2021 said:I’ve been searching Rightmove for properties in my chosen search area on a daily basis. Normally six or seven newly listed properties a day. Today… 37! (including those with new reduced prices). May be a coincidence?0 -
Why were they selling in the first place?Scotbot said:
That doesn't mean the vendors will relist. They may decide not to sellucl1986 said:I imagine lots of properties will re-appear on the market. There will be a lot of !!!!!! off buyers who will walk away from their purchases if they missed the SDLT holiday deadline.0
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