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First Time Buyers - Disillusioned
Comments
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If your budget is £220k, try not to waste your time on properties advertised at £270k+. You seem to be fixated on getting a bargain, rather than the home you really want.0
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Sorry, I'm offering market rates.lighting_up_the_chalice wrote: »If your budget is £220k, try not to waste your time on properties advertised at £270k+. You seem to be fixated on getting a bargain, rather than the home you really want.
By trying to sell at +20% and 30% market value, don't you think they *are* trying to get the bargain?
My strategy is to continue to offer what I think the houses are worth - that way at least I'll be providing the odd reality check.0 -
Sorry, I'm offering market rates.
By trying to sell at +20% and 30% market value, don't you think they *are* trying to get the bargain?
My strategy is to continue to offer what I think the houses are worth - that way at least I'll be providing the odd reality check.
Perhaps you should focus on those properties advertised at a price nearer to what you consider "market rate"?0 -
Or buy at auction?
The OP does have point that pricing in the £250k to £265k ish range is always tricky, as you invite offers below the tax threshold.0 -
Interesting the OP believes the sellers are wasting his time.
People who wander round houses knowing the asking price and making offers 20% less than it are either stupid, or massively optimistic.
As a Seller I would hate these sorts of Buyers wasting my time.0 -
Interesting the OP believes the sellers are wasting his time.
People who wander round houses knowing the asking price and making offers 20% less than it are either stupid, or massively optimistic.
As a Seller I would hate these sorts of Buyers wasting my time.
Well, in the theoretical case of someone putting up a semi detached 1930s on the same street and in the same condition as the one that sold across the street a month earlier, but at 20% more, I think a prospective buyer would be smart to only offer the same as the one that sold recently?0 -
FTB here too but it's different in Scotland.
We offered £85k for "offers over £79,950" and were rejected as the owners wouldn't take under £93k. It's a big pain!0 -
You are playing poker and everyone else knows your cards...It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
I completely agree that you only offer what you think the property is worth, but if that's a long way under the asking price you must understand that, nearly every time, you'll be turned down. That doesn't mean it's not worth a try, but it's a very time-consuming and frustrating way to buy a house.
Wouldn't it be better to concentrate your efforts on the reasonably priced properties? Why are you missing out on them? Are you taking too long to put an offer in, or being outbid, or what?0 -
Ivana_Tinkle wrote: »I completely agree that you only offer what you think the property is worth, but if that's a long way under the asking price you must understand that, nearly every time, you'll be turned down. That doesn't mean it's not worth a try, but it's a very time-consuming and frustrating way to buy a house.
Wouldn't it be better to concentrate your efforts on the reasonably priced properties? Why are you missing out on them? Are you taking too long to put an offer in, or being outbid, or what?
Two properties were listed and sold while I was overseas for a couple of weeks. I got alerts on them but now regret not taking an action. Both I'm still prying on in case the deals fall through - one I would take in a heartbeat at the asking price. The third property was on an overexposed corner plot that I didn't feel content with.
Just gotta be patient I guess.0
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