4 months later and sellers still in denial

domcastro

I'm nicely moved in to my lovely new house. Out of interest, I just searched Rightmove with Property Bee and the 9 houses on my saved list were still there. One had a reduction of 5k, another had an increase of 20k

No wonder the market is stagnant. I'm still very happy with my purchase which was a bargain compared to these other properties. It's funny - I did think of waiting another 6 months but now realised this would have made no difference whatsoever.

I even now reckon if I'd waited a year - these sellers wouldn't reduce to the price I paid for my one.

Anyway, I love my new house and though it won't be worth as much as I paid for it next year - I made the best decision and don't plan to move
:j

Sparkkee

domcastro wrote: »

I'm nicely moved in to my lovely new house. Out of interest, I just searched Rightmove with Property Bee and the 9 houses on my saved list were still there. One had a reduction of 5k, another had an increase of 20k

I found an increase of 10k on a property that had been listed for several months, but 20k? That's a new record :eek:

Still "they're more to be pitied than scorned" as my granny used to say :rolleyes:

Zelie

I found an increase of 50k.

But then they brought it back down by 10.

I'm guessing they are trying to play the odds by putting the price high and then advertising that they have dropped it by 50k. They look like motivated sellers and the buyers think they got a good deal. Pity there are things like Propertybee around. (Thanks BeerHunter!).

QTPie

There is a house I quite like (haven't actually viewed it though) that has been on at £750k since it hit the market last June. It was "optimistically" priced then. Hasn't been under offer or had any price reductions since it has been on the market (9 months?)...

QT

Sammy_Girl

We viewed a house in December when it was on at £299k. We've decided not to move, but I've been keeping my eye on it. A few weeks ago it SSTC at an advertised price of £279,995. I checked last week and the sale had fallen through and it's now on the market for £335k. !!!!!!????? :mad:

QTPie

Sammy_Girl wrote: »

We viewed a house in December when it was on at £299k. We've decided not to move, but I've been keeping my eye on it. A few weeks ago it SSTC at an advertised price of £279,995. I checked last week and the sale had fallen through and it's now on the market for £335k. !!!!!!????? :mad:

Hhhhmmm, why don't you phone the estate agent and say that you have been watching the price of the property and "are surprised to see it rise" - would be interesting to see what they say ("the market is picking up" ???). I wonder if it is the agents of the vendors that suggested the price rise - vendors ("the market") is VERY fickle...

QT

poppysarah

Property bee is fantastic. Listening to EA blather on about "oh it's new on the market" when I can clearly see on property bee it's been there since august.

Cannon_Fodder

Nearly bought a house in December 2007, its still there after 3 SSTCs, still at the same price.

No activity on it since May 2008...

overlander

As time goes on the jokers will have to put their prices down if they want to sell.

brit1234

There has been a lot of spin about this so called bounce. With all the economic indicators getting far far worse I can't see it. What will they say when Halifax show a drop on Thursday. It will be a very short dead count bounce. I have lost count of all the bottom calls in US house prices in the last 2 years. They are still falling fast and 18 months ahead of us.

Price falls should speed up going to summer.

chickmug

domcastro wrote: »

I even now reckon if I'd waited a year - these sellers wouldn't reduce to the price I paid for my one.

To throw in another way of thinking on this - why should the sellers drop their price. It is 100% up to them what they do as you will one day when you sell. No matter what the conditon of the market you still broadly get three types of seller.

1) Those chancing it at a price over valuation who feel they may get lucky.

2) Those forced to sell - death, serious illness, loss of job, relationship break ups, etc.

3) The normal Joes who wants to sell who the valuation advice, go on the market around the right figure and who will adjust if needed although often very slowly.

So you may have come across a lot of my number 1's