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Debate House Prices
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Offers over is over for house prices in Scotland.
Comments
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no wonder people treat gingernuts as a little bit simple - where below does it say that Edinburgh is £30k in the last 6 months???Funny. A £30K fall in just over half a year doesn't exactly scream stagnation to me.
Also, thats some hard core ignoring you've got going on.
is he still angry that he missed quite a few boats and will have to pay £70,000 more than he would have originally for his property?IveSeenTheLight wrote: »
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Bear/bull baiting aside, I have seen a marked shift from 'offers over' to 'offers around' in the last 6 months and I do *a lot* of looking as I'm a patient FTB (patient, not crazy perma-bear
)
It's great, because I honestly found the concept of 'offers over' somewhat intimidating, as the nature of it often led to prospective purchasers getting into a 'panic war' with each other and making offers that were significantly higher than they'd originally allowed for. Anecdotally, I've heard loads of examples of buyers who bid far too high, lost the property and were retrospectively very glad they did.
So, as a FTB it's pretty positive - we'll hopefully get a home at a reasonable fixed price - or maybe slightly under if prices look like they're dipping.
Again just my observation, but it does seem to be the FTB style houses that are going for fixed prices/offers around - the giant country piles/snooty townhouses in conservation areas are still attracting the big bucks that 'offers over' bring in!0 -
edinburgher wrote: »Bear/bull baiting aside, I have seen a marked shift from 'offers over' to 'offers around' in the last 6 months and I do *a lot* of looking as I'm a patient FTB (patient, not crazy perma-bear)
It's great, because I honestly found the concept of 'offers over' somewhat intimidating, as the nature of it often led to prospective purchasers getting into a 'panic war' with each other and making offers that were significantly higher than they'd originally allowed for. Anecdotally, I've heard loads of examples of buyers who bid far too high, lost the property and were retrospectively very glad they did.
So, as a FTB it's pretty positive - we'll hopefully get a home at a reasonable fixed price - or maybe slightly under if prices look like they're dipping.
Again just my observation, but it does seem to be the FTB style houses that are going for fixed prices/offers around - the giant country piles/snooty townhouses in conservation areas are still attracting the big bucks that 'offers over' bring in!
Tend to agree with you.
On a related note, they can state it how they like.
The old "offers over" system relied on sealed bids, a distinct lack of (costly) surveys up front, and so naturally encouraged over inflated bids.
They can say offers over, offers around, fixed price, I'm a little teapot etc etc. Doesn't matter. The single seller survey has levelled the playing field.
In that sense offers over is very much dead already.0 -
Lets put it another way.
The VIs squealed and whined about the introduction of single seller surveys through every step of the process.
So naturally, its adoption has been of significant benefit to homebuyers.0 -
You are right. Those really are quite exceptional falls in the last few months.
Do make up your mind geneer......
According to you, the falls don't exist, because the rises didn't exist.
Which is it? You can't have both.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Do make up your mind geneer......
According to you, the falls don't exist, because the rises didn't exist.
Which is it? You can't have both.
Actually Hamish, the falls in average price do exist.
Its the relevance, context and meaning of the same you seem to struggle with.
You keep suggesting "normal seasonal variations".
Clearly, even the VI's think you don't have a scooby doo.
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no wonder people treat gingernuts as a little bit simple - where below does it say that Edinburgh is £30k in the last 6 months???
is he still angry that he missed quite a few boats and will have to pay £70,000 more than he would have originally for his property?
Don't lower yourself chucky.
Clearly there hasn't been a drop of £30k on average in the last 6 months but neither is property on average £70k dearer either.
It's more like £25kish with the noisy average and of course the 5+ years rent.
Life is so much sweeter when you put him on ignore and the odd quote of him you see just makes you chuckle and be thankful you don't get pulled into a discussion which cannot be classed as a debate.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Please don't mention Scottish towns, it's considered awfully bad luck.0
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he could have bought in 2001 but he thought better - isn't it £70k price rises since then?IveSeenTheLight wrote: »Don't lower yourself chucky.
Clearly there hasn't been a drop of £30k on average in the last 6 months but neither is property on average £70k dearer either.
It's more like £25kish with the noisy average and of course the 5+ years rent.
Life is so much sweeter when you put him on ignore and the odd quote of him you see just makes you chuckle and be thankful you don't get pulled into a discussion which cannot be classed as a debate.0 -
Could he?h could have bought in 2001 - isn't it £70k since then?
The threads I've read was that he started looking in Dec 2005 (hence why I incorporated the data in the graph back to then for his benefit) but tried to hide the fact of the average jump in the following 6 months by citing 'lag'.
Coincidental, obviously.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0
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