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spunko2010

Brexit Based Offers

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Just intrigued really if anyone is considering antagonizing a few EAs with offers based on us Brexiting? Or perhaps the opposite, based on a Remain vote (but obviously not telling them until after)? As an example, I am considering putting in an offer now at near to asking, then in the event of Brexit would reduce my offer considerably eg 20% or something, and in the event of Remain probably pull out? It's a plot of land, by the way, that I'm interested in, but the kite flying price is a joke. Would be interested if anyone else is considering this?

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I'm only really viewing plots of land or old wrecks that need pulling down.

If you're not embarrassed by the offer you make you have offered too much ....words of wisdom from my late grandmother

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An EA told me yesterday that the Referendum is causing people to not make decisions. Mind you, he said the same about the general election last year.

He reckoned that an "out" vote would mean a drop in prices. An "in" vote would mean a huge backlog of houses coming on to the market.

Win-win!

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Sorry - forgot to say....

Cheers spunko2010! I might nick part of your idea, if that's OK, and say that I know of people who are putting in good offers with a view to heavily reducing or withdrawing after 23rd June. Therefore MY offer (...which I think is more than enough but, Mr EA, you're going to say is "insulting"...) is well worth considering etc etc.

I won't if it might steal your thunder.

Otherwise I'll certainly give the line a go and let you know what happens.

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Well it was worth a go - I mentioned it when the EA stated the cliche "there are two other interested parties". It's so odd that there are always two other interested parties, never three, one or four.

Ah well, we'll keep plugging away, hugely frustrated by people who "offer the asking". Why do people DO that? Unless of course, on the 24th, they're going to reduce their offer or pull out!! :lol:

I'm right off RightMove until next week.

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Fretful Mother, there is always the omnipresent cash buyer, waiting to buy at any point. There are always other interested buyers who are waiting to outbid you. The trick is to get either in writing from the agent, watch them avoid it. I always used to ask for an email to confirm this.

I know someone selling their house in the desirable rural south east, they have had 6 viewings in a week, 2 are interested but going to make an offer after Thursday. The vendor thinks this is ridiculous; oh yes, a seismic economic event, and the biggest purchase they will make, why shouldn't they be cautious?!

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Give us an update now Fretful Mother :)

My plan is to ring up on Monday, pretend I'm really spooked, and offer 25% under the asking on a plot of land I want, in cash. I know the seller is massively overexposed as he has 2 houses/mortgages and wants to sell 1 ASAP, plus the land too..

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Good luck Spunko2010. I think 75% of asking for a plot is a really sensible offer at the moment (look at builders' share prices) and I hope the vendor accepts it.

We have no news to report. Our various offers have been rejected. That is normal:

  • As a wise person on this forum said "If you're not embarassed by your offer, you've offered too much"
  • If your first offer is accepted, you've offered too much

It's all very silly when guide prices are about £100K over what they should be if the property market were simply barmy instead of the current state of bonkers.

We thouught we'd leave it until early next week to allow vendors to realise they've missed the boat. These houses on Rightmove aren't going anywhere next week.

There's a palpable state of denial in the property market at the moment. Next stop anger, then bargaining, depression and acceptance.

Bring it on!

(but hopefully in a way that doesn't completely crash the global financial system - that would be unnecessary).

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