US based vendors want an additional £10k owing to Brexit!
Discussion
Piersman2 said:
Just sit tight and wait for the phonecall. I waited out my seller for 3 months back in 2008 before he came back to me and asked if my offer was still on the table. 
IMVHO, the house in question doesn't really lend itself to the rental market. It'll be interesting to see how things progress.Jockman said:
Is your offer still on the table?
If the estate agent contacts me, perhaps. But it will be notably reduced. Firstly for the inconvenience caused to me (both money and time) and secondly...because...er...brexit. 
20k off the original offer should just about cover it. 
I thought it would be nice to give an update to this thread.
After the Bexit/10k debacle, the vendors did indeed put the house back on the rental market.
It took them a few months to find tenants and had to drop the rent by around £100-150/month (sorry can't remember exactly but recall the drop on Rightmove and feeling a bit pleased about it).
When idly browsing Rightmove a couple of months ago I noticed the house had come back on the market. Now completely empty, no tenants in situ and ready for sale.
To add context, when we were looking at this a couple of years back, it was listed as offers in excess of 550k. We had the offer of 545k accepted.
This time round they have listed it as 'guide price' 595k! This lasted 1 month. At the beginning of October, the price was dropped to 575k. Seemingly no takers as from the start of Nov they have dropped down to 550k.
Absolute chancers at 595k.
With the current downturn in the housing market, I will be interested to see if they continue to struggle and further drop the price. Karma? We'll see...
After the Bexit/10k debacle, the vendors did indeed put the house back on the rental market.
It took them a few months to find tenants and had to drop the rent by around £100-150/month (sorry can't remember exactly but recall the drop on Rightmove and feeling a bit pleased about it).
When idly browsing Rightmove a couple of months ago I noticed the house had come back on the market. Now completely empty, no tenants in situ and ready for sale.
To add context, when we were looking at this a couple of years back, it was listed as offers in excess of 550k. We had the offer of 545k accepted.
This time round they have listed it as 'guide price' 595k! This lasted 1 month. At the beginning of October, the price was dropped to 575k. Seemingly no takers as from the start of Nov they have dropped down to 550k.
Absolute chancers at 595k.
With the current downturn in the housing market, I will be interested to see if they continue to struggle and further drop the price. Karma? We'll see...
As an aside we ended up buying a house in a different (much better) location and are delighted with it. That's not to say that we wouldn't have been happy in the house that is the subject of this topic, but the one we've bought is notably better. All worked out in the end it seems
There are about 28 million homes in the UK.
Funny how we tend to get in a flap, when we might lose out on a purchase.
As OP has stated, disappointing, but they then found a better house.
I don't think sellers are finding things quite so easy now.
Perhaps property prices do not continue upwards forever. -
g3org3y said:
As an aside we ended up buying a house in a different (much better) location and are delighted with it. That's not to say that we wouldn't have been happy in the house that is the subject of this topic, but the one we've bought is notably better. All worked out in the end it seems
Do a pisstake offer, £20k under the current asking price. Say it's owing to Brexit.Hoofy said:
g3org3y said:
As an aside we ended up buying a house in a different (much better) location and are delighted with it. That's not to say that we wouldn't have been happy in the house that is the subject of this topic, but the one we've bought is notably better. All worked out in the end it seems
Do a pisstake offer, £20k under the current asking price. Say it's owing to Brexit.
it would be great if they dropped the price slightly more and then you did that.
Jon39 said:
There are about 28 million homes in the UK.
Funny how we tend to get in a flap, when we might lose out on a purchase.
As OP has stated, disappointing, but they then found a better house.
I don't think sellers are finding things quite so easy now.
Perhaps property prices do not continue upwards forever. -
If you consider the massive, decade long, money printing exercise of QE and that this has hugely devalued one side of the UK property pricing pair, maybe instead of people thinking property has genuinely been rising it plausible to think that GBP has been plummeting as every month more and more of it is created and its domestic buying power wanes?Funny how we tend to get in a flap, when we might lose out on a purchase.
As OP has stated, disappointing, but they then found a better house.
I don't think sellers are finding things quite so easy now.
Perhaps property prices do not continue upwards forever. -
cat with a hat said:
Hoofy said:
g3org3y said:
As an aside we ended up buying a house in a different (much better) location and are delighted with it. That's not to say that we wouldn't have been happy in the house that is the subject of this topic, but the one we've bought is notably better. All worked out in the end it seems
Do a pisstake offer, £20k under the current asking price. Say it's owing to Brexit.it would be great if they dropped the price slightly more and then you did that.
I'm keeping an eye on it.
g3org3y said:
cat with a hat said:
Hoofy said:
g3org3y said:
As an aside we ended up buying a house in a different (much better) location and are delighted with it. That's not to say that we wouldn't have been happy in the house that is the subject of this topic, but the one we've bought is notably better. All worked out in the end it seems
Do a pisstake offer, £20k under the current asking price. Say it's owing to Brexit.it would be great if they dropped the price slightly more and then you did that.
I'm keeping an eye on it.
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