Spring Market

Thrugelmir

gingertips wrote: »

I just dont think there is the surplus there once was

People are also living longer so more than likely once established in a location. Remain there a high proportion of their lives. The previous owners of my current property owned it for 42 years before moving to a smaller retirement home. My mother has lived in the same property for over 35 years.

daisymay2008

InkZ wrote: »

Very little in the area I'm looking at. Put in two offers so far, one 93% under asking and one 92.5% under asking, both rejected. One hasn't been on that long and the other.. suprisingly :rolleyes: .. is still on 2 months after we offered.

Lack of supply seems to be holding the asking prices high and sellers reluctant to lower their prices.

yes we made an offer of 160k on a property that was up for 169500 and needed new windows/kitchen and bathroom and he rejected

we then had offer accepted for 165 on 170 property which just needs new kitchen and surprise surprise the other house is still on the market lol

the vendor said he thought the market would pick up and prices go up :rotfl: i said yes maybe in 5 years

Honest_EA

daisymay2008 wrote: »

yes we made an offer of 160k on a property that was up for 169500 and needed new windows/kitchen and bathroom and he rejected

we then had offer accepted for 165 on 170 property which just needs new kitchen and surprise surprise the other house is still on the market lol

the vendor said he thought the market would pick up and prices go up :rotfl: i said yes maybe in 5 years

What a deluded vendor! There are still some people who are oblivious to the reality of the economic situation this country is in and the true affect of the cuts to come plus the impact of impending interest rate rises. Despite all this they still feel that house prices always go up and are prepared to turn down good offers in the real hope of getting more money, which in this market will not materialise. I say to them all the time "For goodness sake people, wake up and sell your house for what it is worth right now as it is likely to be worth much less this time next year". Not in those exact words but the same message gets across. House prices are going down in real terms so the days of property ladder style rises of 30% with a lick of paint and a new bathroom suite from B&Q are well and truely gone.

SG27

Where abouts are you all looking. I'm looking in Saffron Walden and surrounds and there's so so much coming on the market now!:) We've been looking for around a year and I have never seen so much choice in my price range. The only problem is the other half is being made redundant soon so we need to decide whether to buy a cheaper property which is affordable on just my income (not very much!) or wait until she is back into secure employment. So we are not viewing for the time being but there so many on my rightmove saved list and it's gets longer everyday

CloudCuckooLand

Its not just the amount of property coming onto the market that you need to bear in mind. Those already on the market may be worth a second look even if above your price threshold, as you could be lucky and time a cheeky offer just before they were going to reduce the price publicly, getting the jump on all and sundry...