To those BUYING in these difficult times....

brit1234

sinbad182 wrote: »

Affordable levels for you will never happen though, will they? You'll always be clinging on for that next big crash, where you'll get a house for next to nothing.

No just waiting for prices to be affordable so I can buy with my 25% deposit and good wage. Is that so bad?

Why do you want us first time buyers to over extend our selves, is it to support your buy to let property portfolio value? Do you feel threatened that buyers are now waiting for more price falls?

xtra_time

Had an offer of 133k turned down on a 150k house. What figure would you go for next? I am not good at this bargaining lark.

Orpheo

xtra_time wrote: »

Had an offer of 133k turned down on a 150k house. What figure would you go for next? I am not good at this bargaining lark.

£130K, no, £125K.

shupufski_2

xtra_time wrote: »

Had an offer of 133k turned down on a 150k house. What figure would you go for next? I am not good at this bargaining lark.

I think you should go in with your full and final offer, whatever that is.

The psychology of these things is critical - if vendors sniff that you are too keen or that your revised offer is just incremental then they will likely ask for more.

The key thing is to stop caring - power resides with the person who cares least. Accept that you will not be able to buy the property when making your final offer.

Final means final.

jw2003

we had to pull out I feel terrible I feel worse for letting the chain down than I do about not moving

Grimbal

oh dear, was it because of the mortgage issue you mentioned earlier? Is it absolutely the end of the road?

jw2003

Not_a_Newbie wrote: »

5. We offered 86% of the asking
.

Did they come back with a counter offer? If you feel your offer is fair then leave it on the table for them to consider for a couple of weeks

We just had to take our house off the market today unfortunately however our 'agreed' price was 95% but we were on the market for 10% less than our competitors to reflect the current market

shortchanged_2

shupufski wrote: »

On a related note has anyone else experienced this....?

Houses have been coming on to the market where I am looking (Hale/Altrincham) that are SSTC the minute they hit the market.

I have been refused an inspection of house due to the house "not being ready for viewings" - why is it listed on RM then? - only to be told a few days later that the house is under offer!

Another house was SSTC, then re-listed on RM, but then blocked from seeing it and then guess what?? SSTC about a week later.

There is a LOT of underhand/dodgy - probably criminal - activity in Hale with regard to house sales.

The common feature of all these homes is that they are probate/neglected by current (very old) owners.

I have come to the conclusion that you can’t buy a decent family home that needs renovating unless you are part of the fraud ring.

Sounds paranoid I know but some strange things have happened!

I have thought this for some time that a there are a few unscrupulous EA's out there who have a builder/developer mate. They then seriously undervalue the property, tell the builder about a good deal for them in return for a little backhander.

jw2003

Grimbal wrote: »

oh dear, was it because of the mortgage issue you mentioned earlier? Is it absolutely the end of the road?

Yeah it is unfortunately, I do feel worse for our vendors than I do for us, they've been let down before and have their heart set on somewhere.

JuniorSherlock

I'd like to join this thread.

We have a 40% deposit but I'm self employed and have been for just a year so my earnings don't count. My husband is a truck driver, his contracted income is rubbish, but he earns bonuses and overtime which make up his wages.

We approached the worst bank with the worst reputation which also happens to be our bank (clue, it has a black horse). They actually offered us a mortgage in principle for the full amount we needed based only on his wages at 4.09% fixed rate for 3 years without needing any payslip evidence.

I spoke to a broker from London and Country yesterday and he couldn't find me a better deal. So I would advise that you try your own bank first as they know what your credit rating is and it's in their interests to keep your custom with them.

It's early stages for us yet and so far we don't know if our offer has been accepted. The bank have faxed all documents to the estate agents for us and now we are just waiting.

We're living down south and down here prices are merely stagnating. If sellers aren't getting the prices they want for their houses, they are renting them, so we see a lot of thatched cottages and huge detached houses with their own grounds, for rent. The rental market is booming and for a 3 bed in a nice area now you'd be paying £750 per month down here. Agents are saying that sellers are willing to negotiate but crafty sellers are actually adding around £5k to the asking price so they can factor that in the negotiations.

We don't see any signs of huge price falls down here.