On the eMarket for Year+

JSW3

What percentage less, is a reasonable offer for a house that has been on the market for 18 months?! House is in upstate NY, owners out on the market in March 2007, for $369,000 (very over priced). Current asking price is $299,000. If I put in an offer it would be contingent on me selling my current house.

WTF?_2

JSW3 wrote: »

What percentage less, is a reasonable offer for a house that has been on the market for 18 months?! House is in upstate NY, owners out on the market in March 2007, for $369,000 (very over priced). Current asking price is $299,000. If I put in an offer it would be contingent on me selling my current house.

Hmmm, you don't appear to have noticed that this is a UK based site so the posters generally aren't too clued up on American prices.

However, I will lick my finger, stick it in the air and say 150 pounds 4 Shillings and Fivepence.

dopester

!!!!!!? wrote: »

Hmmm, you don't appear to have noticed that this is a UK based site so the posters generally aren't too clued up on American prices.

However, I will lick my finger, stick it in the air and say 150 pounds 4 Shillings and Fivepence.

He wants to buy in New York?

Lets see, with 35,000 banking jobs set to go, and New York's tax revenues from the banking sector falling from $multi-millions per year last year, to less than the takings from a village parish-hall jumble-sale this year in June, I'd agree with !!!!!!.

I'd soon expect one of those fancy brownstone homes in a plusher part of NY, similar to the one in the movie Panic Room for $299K.

lostinrates

dopester wrote: »

I'd soon expect one of those fancy brownstone homes in a plusher part of NY, similar to the one in the movie Panic Room for $299K.

Me too, but not with relish. Family member bought just such an apartment literally before the falls. LOTS of money for, IMO, not very much:o

neverdespairgirl

dopester wrote: »

He wants to buy in New York?

I think he said "upstate NY", which is quite a long way from the city, I think.

harbinger13

I think the trains run up till Pougkeepsie (if I got the spelling right).

Can you post the link for the house?

or is this a hoax - like some other person in the forum came with a blind question other day - 'how do I buy a house in California'?

baby_boomer

Over on this side of the Pond, the Mail - using a Bank of England report as evidence - reveals that

buyers are asking for up to 20% discounts

They are in a "wait and see" mode with the possibility of 30% falls in the property market putting steel into their negotiating.

PasturesNew

Nowhere near, but my friend in Chicago just put in an offer on a repossession that is being marketed at $110k; it was bought 3 years ago at $165k.

moanymoany

baby_boomer wrote: »

Over on this side of the Pond, the Mail - using a Bank of England report as evidence - reveals that

buyers are asking for up to 20% discounts

They are in a "wait and see" mode with the possibility of 30% falls in the property market putting steel into their negotiating.

We are watching the market in Geriatrica-On-Sea. What we are seeing is that when the houses/bungalows hit a reasonable price they sell.

There are 15 places we are watching that have been on the market with no price reductions for 6 months+. Two have been under offer and come back on at the same price - doh!

We are going to start looking in November - and we will be looking for some substantial reductions.

I think some of the vendors have no idea what is going on in the market and others are probate sellers. Though one place went from £245k to £207 when it went under offer.