Tuesday, August 9, 2016

Home buyers using Brexit to demand hefty price discounts

Shameless house hunters using BREXIT as excuse to demand huge price drops

Why wouldn't you? It's an unprecedented event and no one knows what is going to happen.

Posted by tom101 @ 10:07 PM (4261 views)
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5 thoughts on “Home buyers using Brexit to demand hefty price discounts

  • These people are always hanging about. From what I hear, most are being rejected because there is a migration boom right now front running border controls with money flooding in that the media is silent about.

    I met one wise estate agent at Wood Green, who had nothing to sell me at the time, who said that lots of people had haggled a few years ago, seeking that £250k house. They still come he said, asking if anything is at that price, but nothing is for sale below £400k, whilst those who paid a little over asking are now pocketing massive gains.

    I took his advice. Though I haggled and got below asking, to seal the deal, bumped up my offer £5k at the end to get it off the market. Never regretted it.

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  • ‘Shameless’????? Who would ever pay more than they had to for something? Especially if you’re making a gamble on flipping a 1 or 2 bed for a family home in less than 10 years, you want to be VERY sure you’re not locked in nequity. That is, if the government ever stops throwing as much at keeping prices up as it can.

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  • @1, 2nd para. If house owners tried to ‘pocket those massive gains’ prices would plummet. Charles Ponzi knew that.

    Which is the richer country – one where houses are worth £40k and there is full employment and most people can afford necessities, holidays and a few other luxuries, or one where houses are worth £400k and ditto the rest.

    (Except it’s not ‘ditto the rest’ since people are cutting back on those things to pay creditors.)

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  • Oh, and there are far fewer house owners in the £400k situation.

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  • @1 Except you bought over a year into the HTB boom and 2 years into the FLS boom, when properties were being sold via open viewings in much of NE London.

    These people are haggling in the wake of the biggest shock to economic stability in recent memory.

    “From what I hear…”

    From what I hear, it takes most people more than 6 weeks to move house within this country, so how you think a ton of EU nationals have made their way over here off the back of the referendum and found homes and employment is beyond me.

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