tried to get a viewing??

Running_Horse

Go for it then. You have already made your mind up. I genuinely hope you come back in a couple of months telling us what bargain you got.

Doozergirl

rent_and_buy wrote: »

But remember the house was priced at the end of november for 209000 and it hasnt sold, do you think in the that 4 months it might have dropped another 8% or are your heads in the clouds?

This isn't really about what it was worth and how much of a % it falls every month, it's about what a vendor is prepared to accept. It's really odd that you decided to apply our logic to your selling, but a different one to your buying.

Why do people need to sell if you don't? Interest rates are low, even an SVR should be affordable for most. Most can afford to stay where they are and stick it out until they sell at a price they're happy at. Some can't afford the LTV on the next house up unless they sell at a certain price. Some people will be distressed sellers but you can imagine that they won't be sitting around for five months with their house not selling - if you want massive discounts in the main you have to head for those advertised cheap and put up with the ensuing bun fight for it.

rent_and_buy

so you all think offering 8% below the asking price is too much??

i have used the logic of dropping my house to sell, but it got to the point, i would be just as well off renting it out, but thats my choice, i might be slightly better off by renting but im the one who has got the hassle of renting.

they can only say no, and if they do we will just have to wait until another one comes down to a price we will be happy paying.

it makes me laugh the way some people react 2 houses on the same road sold 1 in june for 185000 and one in july for 192000, so i dont think im far half, its not my problem they bought when the market was at its peak.

Doozergirl

You originally said you were offering less because of "future falls in the market"

Now you're saying it's not worth the asking price and never was. Which is it?

House prices didn't fall from 269,000 in Feb 2007 to 185,000 in June 2008. That's the difference between a four bed detached and a modest three bed semi where I am. In fact all the house price data you've given isn't supported anywhere. Prices haven't fallen at least 20% everywhere, they haven't fallen by 8% in the last three months.

Plus if a similar house was worth 185,000 in June last year then why on earth would you be offering 188,000 now?

Honestly, I'm not going to converse with someone who conveniently twists everything to suit themselves and starts making nonsensical arguments. There's about 20 holes in what you're posting, the biggest of which is that you've refused yourself to sell your own house because you won't take a 30% hit but expect someone else to. You can afford to keep your house, most others can as well. My car costs more to keep than my house right now.

I couldn't care less if you offer low, in fact I helped save a poster 10k last week by convincing them to offer lower. 188,000 is fine if you think that is what the market dictates the price is but it's common sense that if people wanted to sell at 30% off, they'd price lower than they are. Telling them you fancy saving a bit of money isn't going to convince them to sell to you, in fact, quite the opposite.

rent_and_buy

To be honest it doesnt really matter what you think, its what the seller thinks of the offers that are made, if they say no to our offer i will look at the situation and see if we are willing to go any higher.

But the one thing i wont do is put myself in a situation of buying now and then going straight into negatve equity, but thats my choice and its my money.

You keep on going on about my situation, we tried to sell our house and we dropped it over 22% and we still never had any offers, even low ones, maybe if we did we would have accepted them, but we never got the option.

Now we are in a position of a first time buyer, with a very big deposit, which puts us in a very good situation, and a situation sellers, will like to sell to.

If you dont ask you dont get, and if i thnk house prices are going to drop more, i will take that into account when i make my offer, if the sellers want to hang on another year and sell for even less that is their choice, not mine.

Oh and the answer to your question if i buy now i would want alt least half of future drops taken into account when i make our offer, im not basing it on other properties that have sold, im sure the estate agent will point that out if we do make a offer.

rent_and_buy

Doozergirl wrote: »

Now you're saying it's not worth the asking price and never was. Which is it?

when did i say this, i have never once said its not worth the asking price, i did say there are 2 houses that are in the same road that have sold in the past 12 months for less.

the house is only worth to me what i want to pay, and thats the bottom line, if we like the house make a offer and get turned dowm then thats it, i wont lose any sleep over it , will you?

Oh and by the way do you think what your saying to me will make me offer more??

I dont think so i will offer what i want and work my way slowly up if we think its worth it, and that will be a big if.

Are you a estate agent, by any chance?

phil1873football

Sorry,but if you were only willing to offer what you wanted, then why in god blazes did you start this post asking for people's opinions of what we think you should offer?

Completely pointless discussion if your only intersted in your own point of view and can't accept other peoples opinions (which is what you originally asked for)!!

Doozergirl

rent_and_buy wrote: »

Oh and by the way do you think what your saying to me will make me offer more??

I dont think so i will offer what i want and work my way slowly up if we think its worth it, and that will be a big if.

Are you a estate agent, by any chance?

Are you a bit thick by any chance? You should try reading what my posts actually say.

No I am not an estate agent. It's amazing that I only get asked this by people keen who don't like what I say. I'm not interested in seeing people pay too much for a house, I am perfectly happy that you are making a low offer but I am giving you the reality check that 30% off is a big ask, as well you know because you aren't prepared to stick your money where your mouth is either.

I've said the rest too many times now to even try and get it through your head.

david29dpo

Lets make it simple. A washing machine is on sale at comet for £200.00. You come along and offer £175.00 because you think the price will drop to that in 6 months time. Comet refuse. However, the price may drop in 6 months or it my go up, that is the change you and i take. If you are buying today, you pay todays prices PS I too am not an estate agent.

nobblyned

rent_and_buy wrote: »

To be honest it doesnt really matter what you think,

If you're not keen on other people's opinions then you'd be best not posting questions on public forums.