Dealing with the deluded.

Davesnave

abaxas wrote: »

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

A borehole won't cost more than £10k.

Job done!

Edit: Oh bu99ah, Itsme got here first!

Davesnave

I get where the OP is coming from, having looked for rural property myself.

For a start, properties with land are not easily comparable in the way that town houses are, so there are opportunities for more subjectivity over pricing. Also, we were looking in West Wales, where the market is slow at the best of times, so while we were experiencing the Crash, they were just having 'normal,' or so they thought. :rotfl:

That was four or more years ago now. Today, some of those properties are still for sale, a number at £75 -£100k less than they were asking from us, but we've moved on. We found someone elsewhere who needed to be 140 miles away PDQ, and so willing to deal.

One house sticks out in my mind. It was an old place owned by a couple of 80somethings who hadn't been upstairs for two years. Apart from the usual old place issues, there were a few other problems for us, so we'd have walked anyway, but we could just imagine their 3 children telling Mum & Dad, "Don't give your house away!" Pity they, who could get upstairs, couldn't be bothered to clean it for the old dears. It's still there, still the same price, but by now the flies & dirt must be horrendous.

Stupid, crazy people. You don't need them. Find someone motivated.

COLOURBOUNCE

abaxas wrote: »

Finding a home at roughly the right price, is far more important.

It cannot be that important or, after this amount of time, you would have done it. It sounds like you are buying in a falling region and you are trying to second guess the bottom. Good luck with that, but you'll need to find a real desperate seller to play the game with you.

zappahey

When we were looking, we simply didn't bother viewing anything that had been on for over a year. We took the view that they were either flawed, over-priced or had difficult settlers.

abaxas

Davesnave wrote: »

A borehole won't cost more than £10k.

Job done!

Edit: Oh bu99ah, Itsme got here first!

As I said, I didnt want to go down that route as there is always a risk.

SLITHER99

There are deluded buyers equally as there are sellers!

I had my flat up for £160k. I was given several offers in the £120-130k region. It took me 8 months, but I got full asking.

I don't see why I should give a "bargain" just because you don't fancy paying fair market prices! I'd bet a crisp £10 note that if it was you selling, you'd be singing a different tune!

abaxas

COLOURBOUNCE wrote: »

It cannot be that important or, after this amount of time, you would have done it. It sounds like you are buying in a falling region and you are trying to second guess the bottom. Good luck with that, but you'll need to find a real desperate seller to play the game with you.

I think you need to get out more.

COLOURBOUNCE

You should have said this was your position in the first place and saved us all a lot of time. Just buy a house and live a bit, if that's what you really want/ can afford.

motherofstudents

You said you have only been looking for 4 weeks but doesn't your OP say you've been looking for a year ??

abaxas

SLITHER99 wrote: »

There are deluded buyers equally as there are sellers!

I had my flat up for £160k. I was given several offers in the £120-130k region. It took me 8 months, but I got full asking.

I don't see why I should give a "bargain" just because you don't fancy paying fair market prices! I'd bet a crisp £10 note that if it was you selling, you'd be singing a different tune!

Not really, when we sold up it took 9 months to sell and accepted 10% less then the asking price. If anything we were slightly optimistic, but didnt market for a price only a escaped loony would buy.

This thread is not for people who are optimistic, that is part of the market. It is for people who beleive their house is worth so much more than anyone elses.

Maybe the problem is people invest (as with money) their egos in their houses? So cant take the hit on that.