Unrealistic Sellers

Romani_Ite_Domum

chickmug wrote: »

Look at my signature so don't patronise me.

I am surprised that someone with 40 years in the business wouldn't have a more balanced view.

Old habits die hard I guess.

chickmug

Romani_Ite_Domum wrote: »

I am surprised that someone with 40 years in the business wouldn't have a more balanced view.

Old habits die hard I guess.

What is unbalanced with my view?

Conel

chickmug wrote: »

Yes the best of luck.

Ignore the bits that you don't like in my post as I do think it right to play 'Devils Advocate' as there is always another point of view;)

Oh I won't ignore anything. I am a bit of a lurker to be honest and have read a few of your posts and value your opinion

chickmug

Conel wrote: »

Oh I won't ignore anything. I am a bit of a lurker to be honest and have read a few of your posts and value your opinion

Well thank you and always willing to give one:beer:

Lady_Hamilton

themanbearpig wrote: »

You sound like the deluded seller :rotfl:

Maybe you need to be reminded our economy is nose diving, and maybe some facts and graphs about previous crash trends?

:T you speak the truth. I sold 2 houses last year, had to undercut the others to get rid of them, was happy not to chase the market down and now am quids in:rotfl:
A bit of research into housing bubbles....... you will be waiting a long time to get the peak prices back.... perhaps a decade:rolleyes:

Romani_Ite_Domum

chickmug wrote: »

What is unbalanced with my view?

chickmug wrote: »

Why should I subsidise you or any other would be buyer?

Unbalanced as the opposite is also true.
Do you not feel that in the present climate, the OP appears to be making reasonable offers.

Running_Horse

Conel wrote: »

due to imo, unrealistic sellers and lack of housing

By lack of housing, I presume you means sellers won't put their property on the market for less than they believe it to be worth. Why should they? And the fact there is so little decent choice in some areas suggests that far from being unrealistic, many sellers know the true value of their property.

danielanthony

But what about the mortgage valuation in all this? If a seller asks for £250k, and accepts £230k, then the valuation comes in at £200k, how many people would have an extra £30k knocking around to make up the shortfall?

It is true that sellers don't need to sell but getting more than the market value for their properties is not totally dependant on convincing the buyer, its the surveying profession as well!

Gorgeous_George

As prices fall, sellers are often either reluctant or unable to lead the market lower.

Unrealistic sellers is an oxymoron. If they are unrealistic they are not likely to be sellers. Unrealistic buyers is also an oxymoron.

It is simple. They offer their property for sale and you try to negotiate a deal. If your top offer is higher than their lowest selling price, a deal is possible. The grey area where both minds overlap is the aopa (zone of possible agreement) and this is where the fun of negotiation lies.

If I wanted to buy for a maximum of £210k and it was for sale at £230k, I'd have offered £190k. Then, when you reluctantly agree to split the difference...

... the job's a good 'un.

GG

mose_2

We are having the same problem, a house that we have had saved on rightmove for months at 220k has just been raised to 250k. They couldn't sell it then how on earth will they now. A few reports on prices rising and people seem to forget what has happened. We have sold and have dropped about 20% since 2007 but the areas we want to go to seem to be the same. Just a real lack of properties now.