Very low offer accepted, should I wait?

lostinrates

I think there are too many red herrings i the question. The reserve price, at this point, is a line in the sand asking price. They accepted your offer, which we must presume was bsed on research of like for like properties and your affordabilty, like any purchase.

Good luck with your decision.

Asrulous

RDB wrote: »

I put a very very low offer in for a lovely old farm house in the country. I saw it on a property auction news letter I get, it didnt even reach its reserve price. I put an offer in even less than that and now its officially under offer.

I was prepared to negotiate but it apears they are accepting it.

Should I wait until next year/the year after for even lower prices?

I dont want to buy now then find the value falls even more.

Personally, I'd be very wary of the recent prices in the housing market. I seem to remember just before the big crash in the stock markets in late 2007, there was a rise just before.

Asrulous

Meanwhile, I'm trying to find an image of a bull to show you truly what you are.

Asrulous

Blimey, you are confused aren't you

headcone

vaio wrote: »

Nah, the yanks have the remote control

Absolute nonsense.

Typical Know nothing comment.

vaio

We’ve always leased the missiles and presumably launch equipment from the US, I’d be surprised if they let the missiles go without control in their use.

We do design and make our own warheads so presumably we do have control over those

Opps http://www.independent.co.uk/news/uk/politics/secret-nuclear-selloff-storm-1204979.html change that to we used to design & make etc, now we’ve handed that over to the states too

dobbie82

A friend sold her flat for 122k, so thought this was a good figure for a first offer on a 3 bed house up at 160k, and it was accepted! Sometimes people are depsparate and take anything they can get