Greedy sellers damaging property market

wymondham

macaque wrote: »

Not my words guys.

http://www.moneywise.co.uk/news/2012-01-10/greedy-sellers-damaging-property-market

Not really greedy. If people see they are overpriced then surely they just don't buy .......... do they????

Generali

Well there's not much cost to keeping a house right now as interest rates are low. If they rise, sellers might be more motivated to sell as it will cost them more to own.

Running_Horse

We heard all this in 2007 and people just stuck it out. Nobody is going to sell their most substantial asset at a loss of tens of thousands unless they have no choice. That is not greed. I met a couple the other day who have the money to buy, but can't find the kind of house they want. They don't need non-greedy sellers, just a more bouyant market.

SecondLegDownIsTheBigOne

MrRee wrote: »

Serious sellers price to sell .....

Those who over-price sit on the market ....

However, here in the South higher prices are being gained for every next house to hit the market - there just isn't enough to go around.

I can't step out of my house without tripping over thousands of homeless potential buyers with incomes and large deposits, each clamouring to buy a house.

CRASH_BANG_WALLOP

Sibley wrote: »

Use me as an example.
I have a house that I would sell for the right price.

Say for arguments sake in 2007 it was valued at 200k.

100% sure. I would not take 180k or 190k for it now.
If somebody wants it they will have to pay me 200k+.

If I don't get that I'll keep it rented out.

No big deal.

Not losing sleep over it. Don't care if I have to wait 10 years. The price will never be below 200k.

and if ting tong divorces you she gets half of whats yours so you would have to sell. you loose your job you have to sell yeah

tartanterra

It appears that there is very little in the way of housing activity, and therefore surveyors are not carrying out as many surveys as in previous years.

Surveyors report that "unrealistic price expectations" from some sellers are hindering sales and therefore dragging down the market.

This article could just as well be entitled:

"Lack of housing activity affects surveyors incomes"

or possibly,

"Greedy surveyors try to up their income by demanding sellers drop prices"

I assume this article was cobbled together on a "no news" day by the office junior.

cotleigh

I don't see how anyone can "damage the market".

If they hold out for a price that is unrealistic, then they simply won't find a buyer.

Meanwhile people selling at lower prices find buyers quickly, and there is the "market". Undamaged.



If I advertise a 10 year old Ford Escort in the paper for £5000, I won't sell it. But I have not "damaged the market" have I?

wotsthat

cotleigh wrote: »

If I advertise a 10 year old Ford Escort in the paper for £5000, I won't sell it. But I have not "damaged the market" have I?

If there's a group of people who really really want to buy a 10 year old Ford Escort for £500 then they need to think of different ways to convince you to part with your asset for a lower price.

One way would be to avoid arguments based on economics and instead take the moral high ground. From here they could say things like greedy Ford Escort owners are damaging the market in Ford Escorts.

They might even say it's immoral that they have to wait until they are 32 to get a Ford Escort when you got your's at 24 - do you hate children?

Some confusion would ensue as others would say that it's actually cheaper to rent from Hertz rather than buy anyway.

I'm sure that some would say that the Ford Escort situation is a sign that silver will increase in price.

tartanterra

wotsthat wrote: »

If there's a group of people who really really want to buy a 10 year old Ford Escort for £500 then they need to think of different ways to convince you to part with your asset for a lower price.

One way would be to avoid arguments based on economics and instead take the moral high ground. From here they could say things like greedy Ford Escort owners are damaging the market in Ford Escorts.

They might even say it's immoral that they have to wait until they are 32 to get a Ford Escort when you got your's at 24 - do you hate children?

Some confusion would ensue as others would say that it's actually cheaper to rent from Hertz rather than buy anyway.

I'm sure that some would say that the Ford Escort situation is a sign that silver will increase in price.

Additionally, if the buyer can still not afford to buy a Ford Escort, even once it's been discounted from the headline price, they could of course continually bang on about the mysterious hundreds of thousands of "distressed sellers" of Ford Escorts............

.....who clearly must exist and are obviously desperate to downsize to a more affordable Reliant Robin.

Because it's obvious, isn't it? If you can't afford to buy a Ford Escort, then there must, must, must, must be masses of distressed sellers just holding off slightly before giving away the car for next to nothing.

Or is this all in my head, simply because I, personally cannot afford a Ford Escort.............:D