I'm experiencing higher volumes now

geoffky

Conrad wrote: »

It may be just a dead rat bounce, but the new year has bought noticably more buyers out of the wood work, compared with the volumes I've had for some time.

Business has resulted from some of these already.

I'm considerably busier in terms of house purchase mortgages than in Jan 08.
This couold be down to having less competition as the broker community has shrunk, I'm not sure.

You must do liar loans or so he thought because NO Indian curry house chef earns 45k unless he is a part owner.(a few f the top London ones will but they are very few)

geoffky

Maisie11 wrote: »

To try and get this back to the original comment. We are trying to sell our house. In the last week three people have asked to see our house which is in South Bucks at the £1 million range which is more than came in the whole of Oct-Dec! I think people are fed up of waiting, interest rates are really low and they see an opportunity to buy. Of course there are the doom mongers around telling us to wait, wait, wait. If they really could fortell the future they would be multi millionaires!

Our EA says he has had offers on 4 houses since the New Year and he is a small estate agent with a fab reputation around here for sensible realistic advice.

We dont need to sell, we would like to and I think some of the comments on the house price forum misleads buyers especially first time buyers. You cannot offer 20-30% off the asking the price and expect it to get accepted. Obviously there are a few people who NEED to sell, repossession, divorce etc but generally around here people are not desperate to sell. We are looking to downsize and release some equity but we dont have to do it yet. If we dont get a reasonable offer we will withdraw from the market.

What I am saying is - you never know other people's circumstances or what they are not telling you. We had someone come around a while ago who told the EA he had nothing to sell. He was very keen on our house. Needless to say the EA investigated his situation and guess what - he had a house to sell. Apparently he didnt tell the EA because he felt he would be in a better position to make low offers. In the end the EA refused to deal with him....

Still not sold i see..do you think you will sell at the price you have it on for? and what happened to the website you kept going on about... and how long before you need to downsize....i can see trouble ahead for you with your plans if you think this is going to be all over in five years..

Maisie11

What website are you referring to? We have 750k potentially in equity plus a large annual income from two full time jobs plus £100k plus in savings.

I think we are asking too much for our house, however we are testing the market. We have an unusual house. The house next door went for just over 1 million and our house is a third bigger but not as cute. All houses in our road are different which makes them very difficult to value. Realise that the last 6 months have been difficult for the housing market.

What we are not prepared to do is to sell it to some bargain hunter who is looking to get a cheap deal. We have the option to stay and what on earth makes you a think you will know what will happen in 12 months let alone five years.

Just as the buyer has the right to make an offer - we have the right to refuse it. Why can some people not realise it is a two way street.

carolt

Maisie11 wrote: »

To try and get this back to the original comment. We are trying to sell our house. In the last week three people have asked to see our house which is in South Bucks at the £1 million range which is more than came in the whole of Oct-Dec! I think people are fed up of waiting, interest rates are really low and they see an opportunity to buy. Of course there are the doom mongers around telling us to wait, wait, wait. If they really could fortell the future they would be multi millionaires!

Our EA says he has had offers on 4 houses since the New Year and he is a small estate agent with a fab reputation around here for sensible realistic advice.

We dont need to sell, we would like to and I think some of the comments on the house price forum misleads buyers especially first time buyers. You cannot offer 20-30% off the asking the price and expect it to get accepted. Obviously there are a few people who NEED to sell, repossession, divorce etc but generally around here people are not desperate to sell. We are looking to downsize and release some equity but we dont have to do it yet. If we dont get a reasonable offer we will withdraw from the market.

What I am saying is - you never know other people's circumstances or what they are not telling you. We had someone come around a while ago who told the EA he had nothing to sell. He was very keen on our house. Needless to say the EA investigated his situation and guess what - he had a house to sell. Apparently he didnt tell the EA because he felt he would be in a better position to make low offers. In the end the EA refused to deal with him....

You put your house on in September, and from your comments then, clearly expected to sell soon.

Whilst recent figures and anecdotals do suggest that some buyers ARE getting reductions of 30% plus - see my thread on that very subject! - your example proves only that those who don't discount, don't sell.

So I hardly think you prove your point. Having 3 viewers does not = a sale. If and when someone offers you at or v close to your asking price, please come back and let us know. At the moment, though, as you've had precisely zilch offers, you're not really in a position to announce that your example proves no-one can get 30% off.

All it proves is that over-priced houses don't sell.

Kez100

Just looked at my town. 141 for sale and 11 under offer. That is a lot more than over Christmas. They are all small properties, I notice. Sort on FTB or next stage up. Chains appear to be stopping at 250k mark with no sales at all above that. Interesting.

carolt

Kez100 wrote: »

141 for sale and 11 under offer. That is a lot more than over Christmas. They are all small properties, I notice. Sort on FTB or next stage up. Chains appear to be stopping at 250k mark with no sales at all above that. Interesting.

Where's that?

Not happening here, in fact the reverse.

2 months running I've had emails from whoever it is sends me 'sold prices' emails with precisely NOTHING sold in my postcode.

Kez100

carolt wrote: »

Where's that?

Not happening here, in fact the reverse.

2 months running I've had emails from whoever it is sends me 'sold prices' emails with precisely NOTHING sold in my postcode.

Westcountry.

I also subscribe to something like you do and I agree it was like that for us from - I would guess - summer of last year. In fact, the email site I get mine from, kept repeating the same properties to make it look interesting!

I'll keep an eye out for the stats next week. See how they have changed. I live in such a small place and have been here so long, I know almost all the properties so I will know how many more have sold (or return to for sale) status.

geoffky

Maisie11 wrote: »

What we are not prepared to do is to sell it to some bargain hunter who is looking to get a cheap deal. We have the option to stay and what on earth makes you a think you will know what will happen in 12 months let alone five years.

Just as the buyer has the right to make an offer - we have the right to refuse it. Why can some people not realise it is a two way street.

you really are in a poor position because while you are sat there wanting to offload a depreciating asset and refuse to budge on price the market is leaving you behind never to return
Those 300% boom prices were a one off in a credit boom. The market carry's on
without you whether you like it or not but who is to say that those who are looking with a £mill spare are now looking at £1.3 mill houses and people who have 700k are looking at yours because that what i am doing because in the end as you say you will be forced to downsize whether it is finance or time and by that time the market may be smashed to bits.
a old sage once told me never cling to a sinking ship

mumps

Kez100 wrote: »

Westcountry.

I also subscribe to something like you do and I agree it was like that for us from - I would guess - summer of last year. In fact, the email site I get mine from, kept repeating the same properties to make it look interesting!

I'll keep an eye out for the stats next week. See how they have changed. I live in such a small place and have been here so long, I know almost all the properties so I will know how many more have sold (or return to for sale) status.

I'm in west country as well. Two of my colleagues put their houses on the market October, one sold to first person to view for full asking price. They completed in about four weeks. The second found things very slow but has now sold, contracts exchanged and completion due in the next couple of weeks. I work in a company with under 100 employees, lots of couples and quite alot rent so I would say probably own about 30 houses between us all so two sales out of two properties for sale from this small sample of house owners is ............. interesting. Don't know what it means just thought I'd share the info.

Darth_Marty

Maisie dont listen to these idiotic depressing woe is me type of posters, you are 100% correct in that not a single one of us knows what the market will be like in 12 months let alone 5 years.

Plus, as im sure you are fully aware, the market for 750k + properties isnt as depressed as some would make out. Its the 150k-300k market that has been hammered.

I was enjoying some sensible posts in this thread until the usual, bitter, depressing tosspots got typing.

Good luck.