RICS Say it's close to bottoming

shirlgirl2004

Lindy_Loo wrote: »

We offered 5% under asking price on a property last Friday; got rejected within a couple of hours. We were asked to meet closer to the asking price. I said that I'd need to think about it overnight as a house literally round the corner sold for 15% under asking price (same price obv.) only last month. The very next day, before we could put in our revised offer, someone offered the full asking price and it was withdrawn from the market. That was within 24 hours of it having the sign put up.

Just goes to show that the "credit crunch" isn't affecting some areas as badly as the general news makes out. House prices in Colchester have been holding quite steady throughout this period.

Most EA do price realistically and that might explain why there's a high turnover of properties down there.

Still gonna wait it out, maybe luck will favour us and the buyer won't be able to proceed

I'm looking in similar areas LL. We're looking in the Braintree, Witham, Colchester areas and villages in between. Ideally we'd like to be in Coggeshall. Houses are shifting and there's not a lot on the market. Houses that have been on 12 months + are still not coming down in price and vendors aren't willing to drop. A lot are now selling. One vendor told us he is confident he will sell it in the next 6 weeks. We'll see .:rolleyes: I wouldn't mind but Braintree, Witham and Colchester aren't exactly desirable areas.

ruggedtoast

I suspect you may be seeing some of those houses again come August.

Davesnave

carolt wrote: »

PS Been busy for a while.

Came back last night to discover whole board disappeared.

Where'd it go?

Martin hid it behind the bike sheds, near the gents toilets, where ordinary, decent folk wouldn't see it.

Oh the shame!:rotfl:

lostinrates

Davesnave wrote: »

Martin hid it behind the bike sheds, near the gents toilets, where ordinary, decent folk wouldn't see it.

Oh the shame!:rotfl:

I dunno, I feel right at home ....

ShelleyC_2

Davesnave wrote: »

Martin hid it behind the bike sheds, near the gents toilets, where ordinary, decent folk wouldn't see it.

Oh the shame!:rotfl:

Ok who looks old enough to go and buy us some Mad Dog 20 20?

Davesnave

ShelleyC wrote: »

Ok who looks old enough to go and buy us some Mad Dog 20 20?

Nah, I'll bring my own Buckie!:rotfl:

(And yes, I'm well old enough!)

Lindy_Loo_3

shirlgirl2004 wrote: »

I'm looking in similar areas LL. We're looking in the Braintree, Witham, Colchester areas and villages in between. Ideally we'd like to be in Coggeshall. Houses are shifting and there's not a lot on the market. Houses that have been on 12 months + are still not coming down in price and vendors aren't willing to drop. A lot are now selling. One vendor told us he is confident he will sell it in the next 6 weeks. We'll see .:rolleyes: I wouldn't mind but Braintree, Witham and Colchester aren't exactly desirable areas.

We're holding out until after the summer now to see what comes back on. Got a bit of a beef with the Co-op & Ownhome scheme at the moment (whole other story / thread!) so our affordability has been slashed but luckily we were already pre-approved with the Halifax so fingers crossed this is just a minor blip in the market otherwise we're about to get outpriced again

lostinrates

ShelleyC wrote: »

Ok who looks old enough to go and buy us some Mad Dog 20 20?

OK, what is that?

shirlgirl2004

Lindy_Loo wrote: »

We're holding out until after the summer now to see what comes back on. Got a bit of a beef with the Co-op & Ownhome scheme at the moment (whole other story / thread!) so our affordability has been slashed but luckily we were already pre-approved with the Halifax so fingers crossed this is just a minor blip in the market otherwise we're about to get outpriced again

We need to buy now as we want to move for DDs school (we currently live in a more southerly location in Essex) and we have a buyer for our place. We have had a cash buyer for 3 or 4 weeks now but this doesn't seem to help our bargaining position.

Lindy_Loo_3

Good luck in the hunt shirlgirl2004, hope you find a place in time