What is a silly offer?

DannyboyMidlands

AMILLIONDOLLARS wrote: »

I do wonder sometime, everyone wants to buy a cheap property, then sell it at a profit!! If the boot was on the other foot how many of us would sell their property for less five years later, baring in mind the amount of money we will have spent on feathering the nest, at a guest not many. Property has always and will remain an investment for anyone wanting a foot on the property ladder, with interest rates at an all time low, and stocks and shares taking a dive, I don't see anyone cutting their throats by slashing the prices on their one remaining asset.

So offer a fair price and you too can take part this investment conundrum!!

AMD

But some vendors do really need to sell. As a buyer it makes sense to sniff out these people and low offers are a tool for doing that. Why pay for a boomers downsizing when you could pick up one of the 3 d's dirt cheap instead?

WelshNic

zaksmum wrote: »

It was what the EA valued it at.

And suppose it's been priced fairly to sell?

Assuming that you can just go and offer 'whatever' under and the vendor should be glad of that is just setting yourself up for a fall IMO.

Aside from new builds, every property on the market has it's own set of circumstances, there is no real across the board logic you can apply to buying and selling in the current climate.

zaksmum

WelshNic wrote: »

And suppose it's been priced fairly to sell?

Assuming that you can just go and offer 'whatever' under and the vendor should be glad of that is just setting yourself up for a fall IMO.

Aside from new builds, every property on the market has it's own set of circumstances, there is no real across the board logic you can apply to buying and selling in the current climate.

Well it's been for sale now for nearly 2 years, without any reduction in the asking price, and no offers except mine according to the EA, so what does that tell you?

WelshNic

zaksmum wrote: »

Well it's been for sale now for nearly 2 years, without any reduction in the asking price, and no offers except mine according to the EA, so what does that tell you?

That the vendor isn't desperate to move?

Got a link to it?

zaksmum

WelshNic wrote: »

That the vendor isn't desperate to move?

Got a link to it?

Don't want to do a link because the vendor looks on here and I'm keeping an eye on the property in case they do reduce it as the EA says they have advised them to.

WelshNic

For anyone buying/selling it's worth checking http://www.blog.mrgreenhomes.co.uk/ out, a great blog that speaks a lot of sense!