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the_ash_and_the_oak

IveSeenTheLight wrote: »

No that could mean that you cannot afford what it is worth.

Properties are worth what they actually sell for, an agreement between a seller and a buyer, not what some potential bidders personal finances dictate without such an agreement.

By 'I' - i mean the "someone" referenced in the previous post. It is the price that someone can afford to pay not the price they are willing to pay

To put it another way. it is not an agreement between a seller and a buyer.Because the buyer does not produce the finance, the bank does

IveSeenTheLight

the_ash_and_the_oak wrote: »

By 'I' - i mean the "someone" referenced in the previous post. It is the price that someone can afford to pay not the price they are willing to pay

To put it another way. it is not an agreement between a seller and a buyer.Because the buyer does not produce the finance, the bank does

Any products worth is what in finally transacted.

If I go into a shop and see a jumper I like marked at £50, I can try and negotiate and say "I can only get £30 out of my bank account, would you accept that amount".

If the seller agrees then the worth of the jumper is £30, if not, just because the funds are not available to the tune of £50, it does not mean it is worth less, just a disagreement as to what it is valued at.

nearlynew

£50 for a f*cking jumper?

You're having a laugh.

IveSeenTheLight

nearlynew wrote: »

£50 for a f*cking jumper?

You're having a laugh.

I wouldn't pay that for sure, but I trust you understand and agree the analogy I was purveying.

Here is an example though
http://www.fatface.com/Sweats/UTILITY-BUTTON-NECK-SWEAT/invt/22863&bklist=icat,4,shop,menswear,menssweats

Graham_Devon

IveSeenTheLight wrote: »

Any products worth is what in finally transacted.

If I go into a shop and see a jumper I like marked at £50, I can try and negotiate and say "I can only get £30 out of my bank account, would you accept that amount".

If the seller agrees then the worth of the jumper is £30, if not, just because the funds are not available to the tune of £50, it does not mean it is worth less, just a disagreement as to what it is valued at.

I think the point is more...

If everyone had to take a loan for the jumper, but the people making the jumper loans will not value the jumper at £50, but value through their own valuers that particular jumper at £40...you will not be lent the money to buy the jumper.

Therefore, if this was happening all across the country, the jumper is generally worth £40, as no one can really buy it at £50.

IveSeenTheLight

Oh I give up, even simple analogies cannot be communicated and understood

I agree with what you are saying in that properties are affected by what other transacations and trends have happened in the local area, but ultimately, if a seller does not accept the offer, then it is worth more to them to not sell.

Graham_Devon

IveSeenTheLight wrote: »

Oh I give up, even simple analogies cannot be communicated and understood

It was understood. It's just complicating needlessly what ash was saying. Just like yesterday with the trend line.

Someone says something simple and all hell breaks lose.

nearlynew

And there was me just trying to inject a bit of humour.

Oh well.

IveSeenTheLight

Graham_Devon wrote: »

It was understood. It's just complicating needlessly what ash was saying. Just like yesterday with the trend line.

Someone says something simple and all hell breaks lose.

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see below signature

Dan:_4

Stone me Graham.....you are hard work mate.