Buy! Buy! Buy!

Lifeisbutadream

gjchester wrote: »

Or to my mind more likely the vendors think the house is worth what it was 6 to 9 months ago and set the prices accordingly. When they don't the viewings they finally listen to the estate agent's valuation.
We've seen a few like that, and the estate agents say they can't get some buyers to see sense until they have no viewings, I know we discounted some houses just down to the fact they appeared on the market at a silly rate and never went back to review them.

I have bought 4 houses now (I only ever own one at a time might I add:D ) and I have never even taken into account the 'asking price'.

When I sold the house that I owned, then being in a position to put in an offer, I then offered what I thought the house was worth. I bought the house I am in now for £35K less that the owner was 'asking', having taken £20K less than I was 'asking' for mine.

SO maybe the sellers arent deluded, maybe they just think that potential buyers will make an offer and then they will either say yes or no.

gjchester

Lifeisbutadream wrote: »

SO maybe the sellers arent deluded, maybe they just think that potential buyers will make an offer and then they will either say yes or no.

Maybe. Some of the ones we looked at had been on the market a long time (up to a year) with no price reductions, so it may be they seller doesn't hugely want to move either. Prices have certainly dropped in the last year.

1echidna

I would have thought that there are always, whether the market be falling or rising, people who are deluded about the price that they can get for their house. Greed is always a factor.