talk us out of going for viewings

lynzpower

OK,

was back in my old patch of london yesterday, and a 3 bed terraced house with garden is 179. Great roads. Lovely part of the Capital IMHO. Close to tube & amenities. Round the corner from where we used to live. No problem with the area at all. Not bad presentation. ( property not on RM EA must have pulled out of using them) 40foot garden ( needed we have a dog)

Would it Pushing it to get it down to 150?? (which is the point of dealing for us given that some of our dep has disappeared in our S&S isa. so we cannot touch 7k/5k "worth"/ of the investment.)

SOMEONE TALK US OUT OF IT PLEASE.

ad9898_3

lynzpower wrote: »

OK,

was back in my old patch of london yesterday, and a 3 bed terraced house with garden is 179. Great roads. Lovely part of the Capital IMHO. Close to tube & amenities. Round the corner from where we used to live. No problem with the area at all. Not bad presentation. ( property not on RM EA must have pulled out of using them) 40foot garden ( needed we have a dog)

Would it Pushing it to get it down to 150?? (which is the point of dealing for us given that some of our dep has disappeared in our S&S isa. so we cannot touch 7k/5k "worth"/ of the investment.)

SOMEONE TALK US OUT OF IT PLEASE.

Lynz, I'm not opposed to people viewing or buying at the moment, however if I was thinking of buying I'd be looking on nethouseprices.com, looking at peak price last October then offering 40% off, You want the seller to take the Neg Equity hit, not you.

If they say no, walk away. Over the next 12 months the market is going to flood with distressed sellers, there are very few at the moment, this will increase for sure.

pizzagirl

lynzpower wrote: »

OK,

was back in my old patch of london yesterday, and a 3 bed terraced house with garden is 179. Great roads. Lovely part of the Capital IMHO. Close to tube & amenities. Round the corner from where we used to live. No problem with the area at all. Not bad presentation. ( property not on RM EA must have pulled out of using them) 40foot garden ( needed we have a dog)

.

What part of London is this? It sounds ridiculously cheap for London?

hethmar

Ditto I want to know aswell Lynn. I shant talk you out of it as it sounds ideal for you

WTF?_2

lynzpower wrote: »

OK,

was back in my old patch of london yesterday, and a 3 bed terraced house with garden is 179. Great roads. Lovely part of the Capital IMHO. Close to tube & amenities. Round the corner from where we used to live. No problem with the area at all. Not bad presentation. ( property not on RM EA must have pulled out of using them) 40foot garden ( needed we have a dog)

Would it Pushing it to get it down to 150?? (which is the point of dealing for us given that some of our dep has disappeared in our S&S isa. so we cannot touch 7k/5k "worth"/ of the investment.)

SOMEONE TALK US OUT OF IT PLEASE.

If you see a house you want to live in (long term) at a price that seems reasonable and is affordable to you, then go for it.

Just be aware of the potential downside of prices dropping further putting you in a pickle if personal circumstances dictate having to sell up.

mewbie_2

"talk us out of going for viewings "

Don't do it! If you fall by the wayside and start looking at houses our whole bear community will start to disintegrate. We have stood together for so long (two months in my case), and kept the fires of despair burning while others mocked. Now is not the time for faint hearts. There will come a day when we can start to think about talking about viewing house with a possibility of making a much reduced offer ... but it is not this day. Now is not the beginning (ed: actually it is), or even the end of the beginning, but it is the... er.

hethmar

:rotfl:But she may invite you to the house warming mewbie

Pobby

Do it Lynz. It`s only a blip. House prices only ever go up, don`t miss the boat. Renting is dead money. It`s different this time. Buy now, your house is your pens................................................................................................................Arrrrrrrggggghhhhhhh!!!!!!!!!!!!!!!!!!!!!!!

pavlovs_dog

lol at mewbie and pobby.

ive always swung with the "better to know than wonder what if forever" school of thought. whilst window shoppers are annoying to someone trying to sell their house, it could answer a lot of questions for you and help make up your mind.

you seem to know your stuff and your local market, so follow your business nose. is it an exceptionally good buy unlikely to be repeated? or does the market in your area show signs that 'good times' (for the buyers anyway ) are still to come? our local market is starting to show real glimmers of hope - decent sized houses in nice parts of the city at sensible prices. fingers crossed that when we're ready to buy (hopefully this time next year assuming icesave have paid out by then!) we can get something very special

teabelly

No harm in trying at 150k. If it is on at 179k I'd expect they would take less than 175k. You need to find out what similar properties have been selling for recently. If they don't have to sell and can wait things out they may not be interested in anything less than nearly full asking.

hethmar

Shes gone quiet hasnt she? Wonder if she is out with a list of viewings