Should I bother looking at this expensive house?

pardal51

tawse57 wrote: »

You have a whole generation of EAs and sellers who either simply were not around in the last housing crash or they have conveniently forgotten that it ever happened.

The UK is technically bankrupt, hundreds of thousands of public sector workers are about to lose their jobs, the price of food and fuel is rising, there are little private sector jobs and, oh, house prices have gone through the biggest bubble in this country's history.

If I was selling now I would be dropping my price to sell and moving into rental or bargaining for a HEFTY discount on whatever property I wished to buy.

House sellers who whinge about people not buying their vastly inflated properties are either greedy or stupid or both IMPO... and probably just lazy... People need to get out there and haggle down prices of the stuff they wish to buy so that they can lower the price on their own property.

I do agree, however people dont understand:
1) AP are overinflated;
2) Buyers feel embarassed to put an offer which they believe will be an insult to vendors, who are overpricing the property in 1st place.
I am yet to do my "test" negotiation to gauge their response

pardal51

Charliezoo wrote: »

Unfortunately I know I'm going to love it. I had my heart set on an identical property in the same area but unfortunately it sold on the same day I accepted an offer on my house, I was absolutely gutted!

I'm wary of looking at it as I'm probably going to fall in love with it but not be able to afford it:o

If you know that you will love it and 350K is your max and you dont want to negotiate or feel that it will be waste of time, I then suggest the following:
1) See the house
2) Tell openly to EA that 350K is what you have and cant go over and that is it. Kind of take it or leave it.
I still think that 3 weeks is a bit to soon for them to agree, but they know they can come and accept your offer. If you don't have more cash/property not worth more than 350K don't try to overstretch yourself. If they are "using" you to leverage offers, than it is life. Don't get depressed. You might find a better house another day.