Static House Prices

ukcarper

Are you sure they are serious about selling

poppysarah

ukcarper wrote: »

Are you sure they are serious about selling

Well they said he gets itchy feet every so often and wants to move - they've been there 10 years. But he sells sheds. Which tbh can't be earning shedloads at the moment - but maybe it does... They have been looking at new builds nwhich are priced 169-191.
She said if it's not sold in a year they're staying put.

ukcarper

Doesn’t sound like there serious to me?

before_hollywood

besonders1 wrote: »

The biggest ones would be people who have a second unwanted home that they need to sell as in your response. In this case its a race against time to get the best price for it sadly it will be worth less tomorrow than what its worth today. Its a pity because many inheritance houses are left standing empty cold and damp because the children still see their mother's house as a cash cow and if they do reduce it, they insist on chasing the market downwards and only take of £5K from a £100K house therefore are still unable to sell it.

you dont know how true that is in my situation as a buyer :beer:

confused31_2

poppysarah wrote: »

This couple have an insane idea of peak being 145k.
No house has sold for that much - the most is 128k and although some have been for sale at over 130k - one has been on sale for a year.
Others have sold for a lot less - and it's becoming a trend.

They have however picked an EA who doesn't normally do this end of where I live. I wonder if the ones who do were more realistic about pricing.

Still no call from the EA - or a reply to my request for a look at the HIP.

offer them 95000 pounds if they dont accept it walk away, oh and tell them you will reduce the offer by 5000 pound a week until they accept your offer, lol:rotfl:

Bethankim

Even with a realistic price its still hard -we had our house up originally for 130K in 2007 - 3 K below the average valuation - then dropped it to 125K (had an offer of 116 - oh how hindsight is wonderful and i wish id accepted but hey)

took it off the market and now for various reasons its back on at offers over 90K - its mortgage valuation is 100K - 105K - its a 3 double bed roomed semi - massive garden structurally sound, needs some upgrading 10K max would turn it into top notch and bring it up to average for the area of 115 - 125K

had 4 viewings in 2 weeks so fingers crossed - the one downside we dont have off road parking and we just have to wait for the buyer who isnt bothered by it. I would accept a small percentage offer below the90K but not a silly price cause we have reached a point of just clearing the mortgage.

so while i agree its great for first time buyers - the flip side is that we walk away with nothing.

Just makes me want to scream a bit of the oh im going to offer a really really low price because i can and the vendor must do what i want..perhaps we need the balance somewhere.

Tiger_greeneyes

Bethankim wrote: »

Even with a realistic price its still hard -we had our house up originally for 130K in 2007 - 3 K below the average valuation - then dropped it to 125K (had an offer of 116 - oh how hindsight is wonderful and i wish id accepted but hey)

took it off the market and now for various reasons its back on at offers over 90K - its mortgage valuation is 100K - 105K - its a 3 double bed roomed semi - massive garden structurally sound, needs some upgrading 10K max would turn it into top notch and bring it up to average for the area of 115 - 125K

had 4 viewings in 2 weeks so fingers crossed - the one downside we dont have off road parking and we just have to wait for the buyer who isnt bothered by it. I would accept a small percentage offer below the90K but not a silly price cause we have reached a point of just clearing the mortgage.

so while i agree its great for first time buyers - the flip side is that we walk away with nothing.

Just makes me want to scream a bit of the oh im going to offer a really really low price because i can and the vendor must do what i want..perhaps we need the balance somewhere.

That's only because it's a buyers market at the moment. I lost a lot of properties when I was trying to buy one in Aberdeen, the sealed bids were going up to crazy prices because it was a sellers market. The UK property market can be very volatile at times.

Running_Horse

In local villages asking prices are the same as pre-crash, while in the nearby towns prices have fallen off a cliff.

Tiger_greeneyes

It's exactly the same here. There are a lot of estate agents who don't have experience in this kind of market while older ones remember the last crash and know how to work with it.

I also find that some vendors just don't understand that their house is worth less, although it's quite easy to get a hang of tbh. It doesn't seem to compute (in this area at least) that as their house hasn't sold since going on the market a year ago, that the reason they're not getting viewers or offers is because the house is so overpriced. That came from a couple of estate agents - I'm not pulling it out of a hat!