Good news for anyone buying ...

nearlynew

...... there are good deals to be made if you are prepared to wait to find the right house and seller.

I have just had my offer of 245k accepted for a house that was initially priced (9 months ago) for 365k


happy days

Really2

nearlynew wrote: »

...... there are good deals to be made if you are prepared to wait to find the right house and seller.

I have just had my offer of 245k accepted for a house that was initially priced (9 months ago) for 365k


happy days

Good news, does that mean you have got to sell one of your other two houses or become a debtjunkie.

What was it's last sale price and when if you don't mind me asking.

365days

Excuse me being nosey but what position are you in? Is this a second property, or have you sold your property previously and now renting, or are you just a normal sell your property to buy another?

Thrugelmir

nearlynew wrote: »

...... there are good deals to be made if you are prepared to wait to find the right house and seller.

I have just had my offer of 245k accepted for a house that was initially priced (9 months ago) for 365k


happy days

And you could have b;)ught the property 10 years ago for around a £180k.

chucknorris

Thrugelmir wrote: »

And you could have b;)ught the property 10 years ago for around a £180k.

Correctemondo

nearlynew

Thrugelmir wrote: »

And you could have b;)ught the property 10 years ago for around a £180k.

I know.

But I bought a different 180k house instead.

PasturesNew

I went to see a really shabby chalet today. Flat roof, total floor space about 20'x16', into which they'd squeezed two single bedrooms (just, both 7'x6') and a shower/loo in the corner of the living room... flat roof, parking up the road, overlooking a pub car park, blighted by pub kitchen extractor fan noise... £200k. Views to die for though! I was thinking £85k ... and that'd be pushing it. Too tight to buy into a shack in the middle of millionaire-land

With money one could treble the size of it and make it a real "wow", as it is, it currently looks like a derelict public lavatory.

I know it's all about location, but ... I can't do it for this one

LilacPixie

I could price my place tomorrow for 1mil then accept an offer of 100k. Wow a 90% drop. Doesn't mean the buyer got a bargain or that it was a 'good' deal. Just a buyer paid a price I was willing to sell for.

stelaconcepts

nearlynew wrote: »

...... there are good deals to be made if you are prepared to wait to find the right house and seller.

I have just had my offer of 245k accepted for a house that was initially priced (9 months ago) for 365k


happy days

Be interesting to see how much it falls next few years.

Whats the average in the street from nethouseprices?

Davesnave

Just looked at one I rejected before buying in May last year, when it was £295k. Now on at £260k.

The original asking price in 2008 was £335k, but that was totally delusional. It is a great shell, but the poor bloke who bought it had watched too many Beeny progs and had wrecked the interior. We reckoned it would take £50k to put it right, in style.

So, say someone gets it for £225k, that's not bad for a 4 bed with 4.5 acres within a couple of miles of a decent town. Yeah, OK it's Wales, but pretty Wales, and if you are going to be on benefits, at least do it properly! :rotfl:

Blacklight

nearlynew wrote: »

...... there are good deals to be made if you are prepared to wait to find the right house and seller.

I have just had my offer of 245k accepted for a house that was initially priced (9 months ago) for 365k


happy days

You need to take into account the amount of money spent in rent for anyone that's been waiting for the last four years for 'prices to fall off a cliff'.