Asking Prices and your offers.

speccyget

Property Details: 4-bed Terraced New Build, large kitchen/diner,garage,off road parking for 2 cars,master bedroom ensuite.
Asking price: £194,995
Your offer: £180,000
Accepted: Yes
Date: 17 Apr 2009

themanbearpig

homebuyer survey then valued it at only £138k, we renegotiated to meet them half way at £142 which was accepted. we probably would have pulled out if price hadnt been reduced as there are a couple of jobs need doing too.[/QUOTE]



Let me get this straight: you agreed to pay more than an independant valuation, in the fastest house price crash in history, and actually agreed to renegotiate, UPWARDS?!!?

Unbelievable. You cant make this stuff up..

bing0

bing0 wrote: »

Property Details: 3-bed semi, large kitchen,conservatery,off road parking for 2 cars,village/edge of town location
Asking price: £176,950
Your offer: £140,000
Accepted: waiting
Date: April 09

Well here goes,after we went into the EA's office to look at properties upto £150,000 we were given the above to look at .This was priced at £176,950.At first we thought the EA was having a laugh,but they were serious that the seller would accept offers around £150,000.

We viewed the property and it ticked virtually every box on our list.The offer we first put in was the one above ...£140,000.The EA came back and said there was another low offer in by some other FTB's,a day later we were told the offer was not accepted.We upped the offer to a more realistic £146.500,again a day later this was refused.We were told that the seller had to take £159500 (virtually £10,000 above our limit).

Anyhow after pointing out to the EA that we stated our budget was £150,000,he said well they will go to £155,000.

So we talked about it and thought........NO,we'll stick to our guns,so the latest is there is 'supposidly ' two viewing lined up this weekend,if they get no interest,then they'll rethink the offer.

Lets see what happens,but in the meantime we'll keep on viewing,and keeping our options open.Like I said in another thread,why should buyers have to pay for sellers debt in the price....not me anyway !

barrymoney

bing0 wrote: »

the latest is there is 'supposidly ' two viewing lined up this weekend,if they get no interest,then they'll rethink the offer.

I've only made a couple of offers recently but I've already heard the one about the mystery viewers who are very interested and the mystery buyer who has put in a higher offer but isnt in as good position to preceed blah blah blah :rolleyes: Its not 2007, just stick to your plans and numbers (in my opinion...).

ess0two

bing0 wrote: »

Well here goes,after we went into the EA's office to look at properties upto £150,000 we were given the above to look at .This was priced at £176,950.At first we thought the EA was having a laugh,but they were serious that the seller would accept offers around £150,000.

We viewed the property and it ticked virtually every box on our list.The offer we first put in was the one above ...£140,000.The EA came back and said there was another low offer in by some other FTB's,a day later we were told the offer was not accepted.We upped the offer to a more realistic £146.500,again a day later this was refused.We were told that the seller had to take £159500 (virtually £10,000 above our limit).

Anyhow after pointing out to the EA that we stated our budget was £150,000,he said well they will go to £155,000.

So we talked about it and thought........NO,we'll stick to our guns,so the latest is there is 'supposidly ' two viewing lined up this weekend,if they get no interest,then they'll rethink the offer.

Lets see what happens,but in the meantime we'll keep on viewing,and keeping our options open.Like I said in another thread,why should buyers have to pay for sellers debt in the price....not me anyway !

You could also argue why should sellers subsidise buyers who can only meet a certain limit.

themanbearpig

ess0two wrote: »

You could also argue why should sellers subsidise buyers who can only meet a certain limit.

Because its a falling market, and the buyers have the money and are in control. Simple.

ess0two

themanbearpig wrote: »

Because its a falling market, and the buyers have the money and are in control. Simple.

Then if you aint happy about the price walk away,simple as

typeractive

Yes, it is the market and financial climate that dictate the prices. It will always be difficult to buy a house (in general terms). When there's a boom banks are willing to lend a large proportion. When there is a crash they are not so happy. It's relative.

However the rubbish end of the stick is those that are stuck with negative equity and lack of security . It's difficult for all parties really. Indeed it's a buyers market, though they have to be in a good position still to finance.

sunnysea83

My purchase -
Property Details: 2 bed semi, with large extension - bathroom a bit old fashioned and needed some decoration etc.
Location: SUSSEX
Asking price: £190k when i viewed in April but then £170 in August 08 as seller wanted to move and had found somewhere
Your offer: £150k
Accepted: Yes
Date: August 08

My sale
Property details@ 2 bed flat purpose built, very large and modern, new boilerand kitchen
Asking price: to begin with 140 dropped to 130
Accepted 120 as had found the house i wanted
When sept 08

bing0

ess0two wrote: »

You could also argue why should sellers subsidise buyers who can only meet a certain limit.

I told the EA my limit is £150,000,is it my fault I'm given details of properties upto £180,000 ?