On the other hand, doesn't it mean that the house you want to buy will be correspondingly cheaper?
We've just heard back from the estate agent and they reckon dropping it £20k isn't good enough and strongly urging us to drop it £25-30k because of the markets movements and he doesn't want to continually drop it as time goes on because people will start questioning what is wrong with the house if we do so he wants to nip it in the bud while it's still new to the market.
In theory, it should....but it's not. There's f*ck-all right now for sale that we want in the area we want in our price range. Given we have to now drop our asking price lower than we originally told it would probably sell for, we have to lower the price range we're looking in.
If the market keeps dropping at this rate in terms of price but increasing in terms of houses flooding it, I will be shocked if we make any actual profit off of it at all.
Absolutely just gutted at the moment. I told my husband months ago we shouldn't worry about selling right now as we have a lot on our plate and he admitted the other day that I was right...but it's too late now. If we take it off the market now and relist later, we truly risk having to price it even lower for an asking price with even less people looking to buy as we get closer to (or passing) the Brexit deadline. Hands are kind of tied.
