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Rant! Why be on the market and not sell???

2

Comments

  • kitchensink_2
    kitchensink_2 Posts: 137 Forumite
    edited 27 April 2009 at 2:16PM
    Good luck Phil. I think it's pointless to judge anyone in this situation when I think most of us on both sides of the fence are having a hard time. I've just rang the EA of the house i would like to see if I can get any feedback on my rejected offer. Not that i wanted to do this, but at least if it's nowhere near I can put it to rest and focus on what is (or what isn't) out there!

    edit: oooh and I have my first two 'thank you's'!!!! Wooooo-hoooo! :D
  • hearts
    hearts Posts: 1,191 Forumite
    I don't see what your rant is about? Increase your offer if you want the house. If you don't move on.
  • Forgot to say Kitchensink, that my house is priced as a Fixed Price, therefore, any potential viewers know exactly what I need for the property, therefore, rules out any need to explain why I rejected any offer less than this.

    I am aware that some viewers will indeed offer lower anyway, but I wouldn't feel guilty in any way when I rejected their offer as it clearly states what I need it to sell for. If you put offers around, then you open yourself to lower offers, IMO, a fixed price is a fixed price.
  • chickmug
    chickmug Posts: 3,279 Forumite
    edit: oooh and I have my first two 'thank you's'!!!! Wooooo-hoooo! :D

    Here's another:beer:
    A retired senior partner, in own agency, with 40 years experience in property sales & new build. In latter part of career specialising in commercial - mostly business sales.
  • penguine
    penguine Posts: 1,101 Forumite
    Part of the Furniture Combo Breaker
    hearts wrote: »
    I don't see what your rant is about? Increase your offer if you want the house. If you don't move on.

    I think the rant was about the fact that both the OP's offers were rejected without any feedback. Indicating that the sellers weren't interested in negotiating with an interested buyer (despite the fact that one property has been on the market since last year).
  • Phil - that makes sense to me and I think it is very fair of you to be so straightforward about your asking price.

    Thanks penguine :D your absolutely right. I'm just surprised. I am in a good position with an AIP and no home to sell and no feedback was given. It is also very frustrating looking at so many houses and then feeling sellers don't really want to sell or are deluded about how much their properties are worth - it's not that I'm putting in unreasonable offers in the hope to get some cheeky bargain. The house I am after will be a 'home' for my OH and I and consequently it's not just a good deal I'm after. Anyway, I'm now waiting for the EA to call me back with feedback so we'll see what happens.

    Hearts, if it was that simple I would increase my offer, but the house is way overpriced. I understand houses are 'worth what people will pay' etc and won't go into the obvious in's and outs of the situation as it's probably not worth it. I wanted a rant and probably a bit of understanding which others have kindly offered.

    and right back 'atcha chick! :D
  • Running_Horse
    Running_Horse Posts: 11,809 Forumite
    Part of the Furniture Combo Breaker
    hearts wrote: »
    I don't see what your rant is about? Increase your offer if you want the house. If you don't move on.
    Even in these hard time the first offer is just the negotiating position. Almost nobody accepts the first offer. What feedback were they expecting apart from raise the offer if you want the house. If they are going to cross an artificial tax threshold, they should have offered even lower then raised it to that level. If you think the house is overpriced (in your opinion) then move on to the next one.
    Been away for a while.
  • ahome
    ahome Posts: 6 Forumite
    the problem is twofold maybe 3 -

    first thing is that many people bought houses at inflated prices recently and in a real sense they cant afford to sell cheap or are not so desperate they need to .The second problem is peoples mental state.Pope,are told one year there house is worth £200,000 and then the reality and price becomes £150,000 but people dont live in reality do they ? or many - for them its still 'worth ' £200,000 , doesnt matter if the market dictates its not worth £200,000 - they being myopic humans still think its worth that and.Th third and worrying aspect is that many people are being told the prices will bounce back this year and forever we will live in a perminant inflatory rise in housing ( the same story told to us for the last 5 years before we woke up and realised ' the story tellers' are all iether liars or profitting from inflation on housing .The net result is many people are hanging ' on in ' expecting rises and dont need to sell , are scraping by.

    As far as forcasts go i cant see how the hell prices can rise again without this being followed by enough crash - the problem is that we dont produce enough as a nation and live beyond our means.

    We DO NOT have a housing shortage
    we DO NOT have a fall in house sales due to inability to find mortgages
    we have a crash due to one thing..........150% inflation on house prices and a wage rise of 15% over 5 years = hence Affordability.........and most leading and sensible economists ( ones who predicted the sub prime collapse ) say we will see a rise in the uk over summer on houses and a n ' hyped ' bounce back and an almighty wake up call in the winter as we realise it will continue to fall abck to 95 prices at least.

    Some are not selling for lower offers as they believe the politicians and pro house inflation people ( nationa estate agents association and chartered surveyors bogus press releases ) and some are not buying as they learn from the past and smell the dog doo.......

    Those who wont take offers now will live to regret it as its going down in the long term back in line with average joes wages and his ability to afford a home and with tax hikes and 700 billion nation debt and custs in services etc my guess is were just getting going.
  • You make some very valid points ahome and I think the sellers of the house i like probably fall into the category of 'myopia'. I know they bought their house in the early 2000's and won't be making a loss based on my offer, unless they have borrowed more against the house. They also haven't done a great deal of work on the house - the bathroom is at least 15 years old and needs updating badly. They are downsizing and are in no hurry to move and probably feel they can wait until a 'suitable' offer arises. I think they are either living in cloud cuckoo land or maybe they will be lucky and get an offer closer to the asking price - won't be off me tho - far too risky. As far as I know they havent had any offers or many viewings in a long long long time.

    Such is life. Maybe I'll wait till winter... who knows what will happen - all a guessing game IMO.
  • Maybe they have found out about your 'loser neighbours' as you call them.
    Dont you have to disclose if you are having problems?
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