Unsure whether to post this in Corona forum or here , basically a family member has gone sale agreed and they have paid deposit on "dream home".
I rang them this morning advising them that in my opinion it is a bad time to buy . My sister hadn't considered impact of covid19 on house prices .
I suggested at least wait and continue to rent as I cannot see prices increasing and the downside seems unlimited.
She doesn't see it the same way , she doesn't want to lose "dream home " they only have mortgage approval for a few months and that time is nearly up , her husband works in hospitality sector and is concerned about how bank will view mortgage approval so wants to hurry this up as she thinks bank could view his employment prospects different now .
I suggest at least contact the seller and see can you negotiate a discount , which she says she will consider .
Should I just leave them be ? I fear they are making a really bad move going ahead with purchase .
Thanks
I rang them this morning advising them that in my opinion it is a bad time to buy . My sister hadn't considered impact of covid19 on house prices .
I suggested at least wait and continue to rent as I cannot see prices increasing and the downside seems unlimited.
She doesn't see it the same way , she doesn't want to lose "dream home " they only have mortgage approval for a few months and that time is nearly up , her husband works in hospitality sector and is concerned about how bank will view mortgage approval so wants to hurry this up as she thinks bank could view his employment prospects different now .
I suggest at least contact the seller and see can you negotiate a discount , which she says she will consider .
Should I just leave them be ? I fear they are making a really bad move going ahead with purchase .
Thanks