Diary of a London Estate Agent

Generali

Edale wrote: »

Have you been drinking?
I have been drinking and have typed four responses but deleted each one due to them being far too vulgar.

I had a pint while the match was on but I wasn't 'drinking' as in 'drunk'.

justpurchased

tomstickland wrote: »

In a rising market they'd not have bothered making such an offer unless they were just a bit mad.

Thanks.:rolleyes:
I read it as such offers are mad and do not get you house!
Depends on what side of the fence you sit.
Agree with generali, once you start to see subliminal messages in an estate agent column have a break from house prices.

Dithering_Dad

Generali wrote: »

I had a pint while the match was on but I wasn't 'drinking' as in 'drunk'.

I thought your post was quite funny and cleverly constructed. If you were drunk when you did it, then you'd only go up in my estimations.

Perhaps Edale didn't understand the joke?

Generali

Dithering_Dad wrote: »

I thought your post was quite funny and cleverly constructed. If you were drunk when you did it, then you'd only go up in my estimations.

Perhaps Edale didn't understand the joke?

Thank you.

I think Edale got it due to his line about deleting the responses!

do_it_today!

I think the anchoring technique could work - EA's feed the vendors one unrealistic expectations about what a house is worth but if people are making offers below that eventually the vendor must realise initial expectations are unrealistic in the current market? ....... eventually?

pickles110564

baby_boomer wrote: »

I wouldn't be putting in any offers until vendors have faced reality and are more fearful.

Surely you mean buyers should face reality that it is up to the vendors if they want to sell.
Just because you want houses to fall to a tenner does not mean that it will happen, instead of wasting time on here go get a job and start saving up.

justpurchased

pickles110564 wrote: »

Surely you mean buyers should face reality that it is up to the vendors if they want to sell.
Just because you want houses to fall to a tenner does not mean that it will happen, instead of wasting time on here go get a job and start saving up.

Some of that is a bit harsh.

pickles110564

justpurchased wrote: »

Some of that is a bit harsh.

Maybe saying they expect to get it for a tenner was a bit harsh, sorry

do_it_today!

pickles110564 wrote: »

Surely you mean buyers should face reality that it is up to the vendors if they want to sell.
Just because you want houses to fall to a tenner does not mean that it will happen, instead of wasting time on here go get a job and start saving up.

With respect pickles I haven't heard of anyone offering £10 for a house I know I haven't, its a two way thing here and the fact is a large majority of vendors are NOT realistic about what their house is worth in TODAY's market end of story. The whole situation has come to ahead because all that loose lending we have had access to in the last couple of years has disappeared.

I cant speak for all of the UK but even when two people have a job, have 20k deposit and little or no debt yet still struggle to buy a modest 3bed property in a scruffy part of London or even just out of London something is adding up here .

justpurchased

pickles110564 wrote: »

Maybe saying they expect to get it for a tenner was a bit harsh, sorry

True very true.