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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LHL in reply to @duncs

We are also currently in a chain.

We lowered our offer on the place we are buying following surveys due to unforseen works that need doing. It was accepted.

Our buyer reduced his offer by 10% due to housing market drops. We negotiated this down to under 2% as ultimately any market drop is currently speculation. He accepted this.

Make of that what you will!

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