"cheaky offers"

toocan

i think its safe to say from peoples experiences that there are few instances of people getting disounts of more than 15% with around 10% being the norm.

going2die_rich

You must be obviously bidding for the owners that don't have to sell. Just because it's on the market doesn't mean they have to sell, many would like to sell for whatever reason but at the same time wont accept a low offer. I personally can't see why anyone who doesn't have to sell is selling in the market right now. Far better to just put up with what you have for the next few years and then sell later when things pick up.

pickles110564

going2die_rich wrote: »

You must be obviously bidding for the owners that don't have to sell. Just because it's on the market doesn't mean they have to sell, many would like to sell for whatever reason but at the same time wont accept a low offer. I personally can't see why anyone who doesn't have to sell is selling in the market right now. Far better to just put up with what you have for the next few years and then sell later when things pick up.

At last someone with a constructive view, watch out though HPC crew will be screaming for the men in white coats to come and take you away.

do_it_today!

going2die_rich wrote: »

You must be obviously bidding for the owners that don't have to sell. Just because it's on the market doesn't mean they have to sell, many would like to sell for whatever reason but at the same time wont accept a low offer. I personally can't see why anyone who doesn't have to sell is selling in the market right now. Far better to just put up with what you have for the next few years and then sell later when things pick up.

I agree these house's should come off the market
but more than a couple of times I have seen posts on here reading
"we have put our house on the market 6-9-12 months ago and have only had 6-4-2 viewings what are we doing wrong - why wont our house sell?"

Price does seem to be a factor but if people don't want to reduce and dont need to sell they should just take it off the market anyway thats what I think

GDB2222

do_it_today! wrote: »

I agree these house's should come off the market
but more than a couple of times I have seen posts on here reading
"we have put our house on the market 6-9-12 months ago and have only had 6-4-2 viewings what are we doing wrong - why wont our house sell?"

Price does seem to be a factor but if people don't want to reduce and dont need to sell they should just take it off the market anyway thats what I think

Especially as any agent worth his salt can summon up rentacrowd so at least there are some viewings, even if those viewing have no intention of buying.

sympatex

hostman wrote: »

You need a motivated seller. Someone who is looking at a massive loss, because they bought only a few years ago, is not going to entertain a 15% drop, unless they have to.

Someone who bought the house four or more years ago will be more willing to accept lower offers, as they will have more equity before hitting a loss (albeit a paper loss).

We're in the process of buying, we're paying 25% less than peak sold prices. We offered below their asking price, but not massively so, as the house is already cheaper than an identical property in the same street.

we've offered on a house which was originally up for 275k, came down to 240 and we offered 220. We didn't know the house number before we went but aferwards (before offer) we checked the land reg figures. Not good, they bought in Aug 2004 at 245 so are already excepting they have lost 5k. Now will they be willing to lose a further 20 and thats real loss none of this equity, thats already all gone! in 2004 house prices jumped massively though it seems as 10% below their original price only goes back to Jan 04!

Its not realisitic but as another poster said if you put the formal offer in the agent has to notify the owners. they can then move on with their search using it as their "lowest" bench mark. If they have no interest or can get an equal discount on their next place they are no worse off. (kind of)

Paley71

I'd take half the asking price if I thought I could buy one above me for half...I really don't understand how some people have their property on the market for over a year and still won't budge on a price that was too high then!
Today I've seen a three bed detatched repo come on at 109k where similar properties are on at 140k. Hopefully this will set the bench mark and stubborn sellers will start to drop their prices!

lethal0r

today they may laugh at you, in a couple of months some of them will be calling you.

i'd happily be laughed at 20 times if the 21st time got me 15% off.

amcluesent

TBH, why accept a 'cheeky' offer using the normal house buying process. You risk buyer failing to get mortage, chain collapsing, gazundering etc.

If you need to sell so badly you'll be considering a 20% reduction, go for auction and then you're pretty certain of the transaction completing at the price.

do_it_today!

amcluesent wrote: »

TBH, why accept a 'cheeky' offer using the normal house buying process. You risk buyer failing to get mortage, chain collapsing, gazundering etc.

If you need to sell so badly you'll be considering a 20% reduction, go for auction and then you're pretty certain of the transaction completing at the price.

I think for a number of people who this route would be ideal have sort of left it too late to take this route so they cling to the hope of the right buyer on the open market.


one road I know there is a house been on market since Jan08 - not reduced 200k across the road same size property (I doubt the condition is that great!) anyway in July up for rent in august up for sale this month up for auction - guide price 120k :eek: the owner I guess can afford to accept such a low offer but can the 200k house owner across the road?