how much to offer

jimjames

brit1234 wrote: »

Rightmove, the estate agency website that claims to advertise 90% of all homes for sale in the UK, says current asking prices across the country average £236,597.

Selling prices, however, are much lower. The average house price is currently £203,528 (DCLG), £168,205 (Nationwide) or £163,049 (Halifax).

Depending on which survey you favour, this gap could be as much as a whopping 45%..

Lies, damn lies and statistics!

There is no reason to believe that these surveys relate to the same properties so your logic makes no sense at all, especially when the average selling price varies so much between 3 surveys then they are not using comparable properties or have a different regional skew.

Its like saying the average price of a car is £5000 but neglecting to include new cars in the average and then comparing that value to one that includes new Rolls Royces, to substantiate a story that car prices are going up.

As mentioned above, some prices are more realistic than others. One thing that can make a big difference is the length of time the owners have been in the house, if someone has been there over 10 years they may have a different requirement to someone who bought 4 years ago.

m00m00

for the house in question, I'd make an initial offer of 190k, expecting to settle somewhere between 195 and 200.

they've had it up for sale for a long time (going by the info from pasturesnew in the other thread), so appear to be in no rush to sell. They seem to be reducing in 5k chunks, so your 190 offer is 3 price drops away.

ukcarper

brit1234 wrote: »

How about one saying its 45% today from the BBC

http://www.bbc.co.uk/news/business-14020457

PS Land registry selling averages are around £160K as well.

BBC
Rightmove, the estate agency website that claims to advertise 90% of all homes for sale in the UK, says current asking prices across the country average £236,597.

Selling prices, however, are much lower. The average house price is currently £203,528 (DCLG), £168,205 (Nationwide) or £163,049 (Halifax).

Depending on which survey you favour, this gap could be as much as a whopping 45%.


You can't use different sets of figures to reach the conclusion you have and you know it.

nollag2006

ukcarper wrote: »

You can't use different sets of figures to reach the conclusion you have and you know it.

Very true.

Poor old brit - he has been banging on about a house price crash for years now, but it never comes. My favourite one was where he predicted house prices would fall 50% from their peak by Christmas 2009.

Oh dear....

geoffky

welshnic wrote: »

thought your sellers were getting divorced?

That's a bit different than 'doing research' don't you think?

Op listen to emmzi, don't listen to brit1234, there is no blanket figure you should offer, each house/sale is different, just decide on what you think it's worth

and how did i find that out? ... Clueless!!