Owning your own home

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duncs in reply to @Howard

Now is the time to lowball! But not on the place where you already looked the buyer in the eye and said £X is fair and they agreed.

Ugh. Had been planning on exchanging a few days before lockdown. 5 or so house chain that seem to be in limbo waiting (after the top pulled out of selling).
I expect the number of houses sold will fall off a cliff, but I'm not convinced the prices will crash in line with that.
Fuck knows...

And just as the seller at the top of my chain is finally able to start looking for somewhere to rent so that everyone can move then the news starts reporting record price drops.

Lovely time to be needing to buy :/

Is there a forum approved plan of action yet?

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aggi in reply to @duncs

I'm currently in a chain with about half a dozen properties scattered around London and Oxfordshire. Got the offer last week which was fractionally higher than the offer I accepted (which subsequently fell through due to coronavirus panic) prior to the coronavirus problem. Who knows what that means for prices.

Not feeling that confident that this big chain is going to work out though. Not due to complete for another 8 weeks and would be concerned at the best of times. The news of price drops and the current uncertainty makes me even more concerned.

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