Dealing with the deluded.

COLOURBOUNCE

Don't take this the wrong way, but why are you even wasting yours, and others, time viewing property you clearly cannot afford. I would be inclined to range back to property that you can realistically buy, before you get yourself an unwanted reputation between agents?

abaxas

DVardysShadow wrote: »

One is tempted to say that you are possibly as deluded about your money as they are about their houses.

I am not expecting a bargain. Far from it, if a perfect house come on the market, it's ours.

I'm not hacked off with people who are speculative with pricing, everyone does that. I'm talking about people who have priced their properties out of kilter with the market. Am I wrong to assume that 2-3 years of marketing is a reasonable length of time to sell?

Running_Horse

After a year of looking and three missed houses, maybe it is not the sellers who are deluded.

abaxas

COLOURBOUNCE wrote: »

Don't take this the wrong way, but why are you even wasting yours, and others, time viewing property you clearly cannot afford. I would be inclined to range back to property that you can realistically buy, before you get yourself an unwanted reputation between agents?

We only view houses we can afford. Infact we could afford more but have defined what range of price we are willing to spend.

I dont see the point in window shopping.

harrup

cattie wrote: »

Perhaps it isn't the vendors who need to rethink their prices, but you?

If you can't afford any of these houses or don't want to pay the prices the vendor would like, then time to look at cheaper houses I'd say. With luck you'll find one you like and get an offer accepted on before another year is out.

If you are in rented, how much rent have you forked out over the past year? This needs to be taken into account when wasting time looking for a vendor who wants to practically give his or her house away to you.

Perhaps a tad unfair to the OP?

Every vendor has the right to stipulate whatever price they want for their property. High, low, sensible, outrageous...anything goes.

Can't see why it is then inappropriate to - politely!!!- make a counter offer if the buyer thinks that whilst the house/plot/area are lovely, the price is nuts.

I personally know more than a handful of houses which were simply flipped 3 x in 5 or 6 years, during which time their price trebbled. No one did anything to the properties other than minor improvements (e.g. new bathroom, repainted, cheap new laminate flooring, one had a really shoddy loft extension).

Then you have the other category : older people whose house hasn't been modernised since 1966, but at some stage, one house in that road fetched a staggering sum. Which they now apply to their property. Those houses are total fixer uppers or should be torn down and rebuilt. But the owners AP is so high that not even professional property developers are interested! Which is why the house is still on the market after 2 years.

So yeah, I think sometimes offering 30% less is actually being generous.

We could ask whatever we wanted for our houses a few years ago....and now it's the new kids turn to reciprocatewith their counter offer.

Seems fair.

abaxas

Running_Horse wrote: »

After a year of looking and three missed houses, maybe it is not the sellers who are deluded.

We have only been back looking for 4 weeks!

If the stupid vendor hadn't forgotten to check that they didnt have a right of water extraction from a private supply. We would have bought.

I'm still in a little shock that someone bought a house without any rights to water :O

COLOURBOUNCE

abaxas wrote: »

We only view houses we can afford. Infact we could afford more but have defined what range of price we are willing to spend.

I dont see the point in window shopping.

Would it be fair to say you only like the houses that are at the top end of your range? There may be a reason for that.

DVardysShadow

abaxas wrote: »

I am not expecting a bargain. Far from it, if a perfect house come on the market, it's ours.

I'm not hacked off with people who are speculative with pricing, everyone does that. I'm talking about people who have priced their properties out of kilter with the market. Am I wrong to assume that 2-3 years of marketing is a reasonable length of time to sell?

I am just stirring. Presumably 2-3 years of looking is a reasonable length of time to buy.

2-3 years is long enough for selling - allowing for a couple of failed deals there is still plenty of time to align expectations to what the market will deliver.

Similarly for buying, allowing for a couple of failed deals, 2-3 years is plenty of time to align expectations to what the market will deliver

abaxas

COLOURBOUNCE wrote: »

Would it be fair to say you only like the houses that are at the top end of your range? There may be a reason for that.

Actually the one we almost bought was near the bottom of the range. As I said, these are rural properties, not an estate.

Mrs_Z

"I'm talking about people who have priced their properties out of kilter with the market. Am I wrong to assume that 2-3 years of marketing is a reasonable length of time to sell?"

They are in no rush to sell - simples!