Offers over is over for house prices in Scotland.

chucknorris

IveSeenTheLight wrote: »

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.

Yes I have witnessed both your and Julie's attempts to debate with him, you are both far more patient than me.

googler

FWIW, there's only value in setting an Offers Over price in Scotland if you're confident of attracting a certain class of cash-rich buyer.

With a Home Report in place, which has a valuation, which will be supplied to the buyer's lender as the basis for their lending - only those with ready funds available for a larger-than-required-by-the-lender deposit will be able to offer over the valuation figure.

Those who can just scrape together the deposit at the valuation level won't be able to offer over valuation.

HAMISH_MCTAVISH

googler wrote: »

only those with ready funds available for a larger-than-required-by-the-lender deposit will be able to offer over the valuation figure.

Those who can just scrape together the deposit at the valuation level won't be able to offer over valuation.

I'd agree with this...... But in reality, it's not the home report which has reduced the prevalence of offers-over, it's the mortgage restrictions.

Even before home reports, it was customary for all offers to be made "subject to survey".

If you offered 200K for a one bed flat and the survey valuation came back at 100K, then you weren't going to be buying it.

The only real difference between now and then is the restricted mortgage lending..... In the past, if your bid was 10K higher than your budget, chances are the lenders would lend the difference. Today it's a different story.

geneer

HAMISH_MCTAVISH wrote: »

I'd agree with this...... But in reality, it's not the home report which has reduced the prevalence of offers-over, it's the mortgage restrictions.

Even before home reports, it was customary for all offers to be made "subject to survey".

If you offered 200K for a one bed flat and the survey valuation came back at 100K, then you weren't going to be buying it.

The only real difference between now and then is the restricted mortgage lending..... In the past, if your bid was 10K higher than your budget, chances are the lenders would lend the difference. Today it's a different story.

Back on topic.

Rubbish. As far as "offers over goes" Only the name is the same.
The single seller survey was specifically designed to undermine the scotlands spurious and notoriously unbalanced housing market system, and it has done so quite succesfully.

geneer

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.

EPIC FAIL.

ESPC. JUly 2010. "Average house price in Edinburgh stood at £235,772 in July"

ESPC. MARCH 2011. "the average house price in Edinburgh was £207,497"

£235772-207497= wait for it....£28275.
aka "approx £30K in just over half a year".

So now that its been clarified that I was in fact quite correct,
I await with interest Lites explanation of how a £30K rise followed by a £30K fall counts as "stagnation".

IveSeenTheLight wrote: »

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.

And you really are the best ignorer aren't you. :cool:

Anyone who wants to see what pushing Lite over the edge,
might want to check out the point were, after months of stereotypical and completely predictable obsession by Lite, it became clear that everything I had been saying was right after all.

https://forums.moneysavingexpert.com/discussion/2779236

If only Hamish hadn't ghosted away from his own thread, he wouldn't be making the exact same mistakes here.

Anyone want to discuss on topic, feel free to do so.

HAMISH_MCTAVISH

geneer wrote: »

my calculations suggest "average" prices are up, oh, around £400 per year since I could have bought.

geneer, if you really think house prices in any decent part of Edinburgh have only risen by £400 a year on average since 2005, then there's simply no point in responding to any more of your posts.

Tell you what, why don't you let us know which area of Edinburgh you're looking to buy in and, providing it's not a slum, we'll show you numerous examples of actual houses that sold then that have sold again recently for more.

No skewed indices, no fudging of figures, no asking prices, just the same house selling for significantly more money recently than it did in 2005.

Let's put this tedious bickering to bed once and for all.

IveSeenTheLight

chucknorris wrote: »

Yes I have witnessed both your and Julie's attempts to debate with him, you are both far more patient than me.

The goalposts move so much, you can't hold a topic to debate on.

• One minute the averages are skewed and irrelevant (when rising), next their gospel (when falling)
• One minute your discussing ROSEA average, next he switches to ESPC.
• One minute your discussing YoY and he wants monthly because of their recent trend. If that trend turns, he'll jump on YoY if monthly is up. Occasionally he'll try QoQ if both YoY and MoM are not to his sliking.

You can't hold a topical debate so it's best to leave him stewing and arguing with himself.
I've given up pointing out his blatant error's and can see he's obviously bleating on in this thread.
Thank god I don;t get drawn into responding as I just see one liners saying I can;t see his messages.

chucknorris

IveSeenTheLight wrote: »

The goalposts move so much, you can't hold a topic to debate on.

• One minute the averages are skewed and irrelevant (when rising), next their gospel (when falling)
• One minute your discussing ROSEA average, next he switches to ESPC.
• One minute your discussing YoY and he wants monthly because of their recent trend. If that trend turns, he'll jump on YoY if monthly is up. Occasionally he'll try QoQ if both YoY and MoM are not to his sliking.

You can't hold a topical debate so it's best to leave him stewing and arguing with himself.
I've given up pointing out his blatant error's and can see he's obviously bleating on in this thread.
Thank god I don;t get drawn into responding as I just see one liners saying I can;t see his messages.

I know, if it wasn't so sad it would be funny. It's exactly like that video about stupid people that Julie showed a link to a few days ago

Engeroosi

Wonder what was discussed so intensely before 2008 in this section?

HAMISH_MCTAVISH

HAMISH_MCTAVISH wrote: »

geneer, if you really think house prices in any decent part of Edinburgh have only risen by £400 a year on average since 2005, then you're a blithering idiot, and there's simply no point in responding to any more of your posts.

Tell you what, why don't you let us know which area of Edinburgh you're looking to buy in and, providing it's not a slum, we'll show you numerous examples of actual houses that sold then that have sold again recently for more.

No skewed indices, no fudging of figures, no asking prices, just the same house selling for significantly more money recently than it did in 2005.

Let's put this tedious bickering to bed once and for all.

And............. Nothing.

geneer ghosts out of the thread again.

Still, self awareness of a houseplant and all that......