First Time Buyers - Disillusioned

harpoboy

grifferz wrote: »

... I do have to agree that if you followed all brit1234's advice over the years you would likely be very much worse off by now!

Constantly warning people off getting on the housing ladder really isn't helpful.

More concerning is brit1234 advising people not to get on the housing ladder and to sell their FTSE holdings, and plough their savings into gold as (s)he did in Autumn 2012.

Since then gold has suffered its biggest decline in 30 years.

http://www.ibtimes.com/gold-price-crashes-biggest-two-day-plunge-30-years-12-year-bull-market-appears-finished-1193499


Ouch (again)
:rotfl:

sinbad182

OffGridLiving wrote: »

I think it's good to have a balanced view on forums. Too much of the same opinion and you end up with confirmation bias similar to that found on smaller niche forums.

It's good to have opinions from all sides on a forum, but Brit's monotonous and never changing routine has little to no base in reality.

It's no better than trolling really.

joujou

HAMISH_MCTAVISH wrote: »

The latest Hometrack report shows that the average percentage of asking price achieved by sellers has been increasing for some time, and is now at 94%.

So offering 20% below is likely to get you laughed out the door in most areas.

That figure is skewed because it doesn't count the many properties that were listed but never sold because the asking price is too high. Just today three properties of the 30 or so I'm watching have been delisted without finding a buyer, confirmed by the estate agents.

kiddy_guy

Okay, so let me get this right.

The figure is skewed by houses that didn't sell. :rotfl:

Are you looking not to buy a house then? :rotfl::eek:

You're dismissing the most conclusive piece of evidence that has been provided on this thread, because it doesn't count houses that didn't sell ?!?!?!?!

You're not trying to find a house where the seller doesn't achieve their selling price, you're trying to find one that does accept your price.

I can accept a FTB not understanding buying a house, but :eek:

For that reason I'm out...

joujou

I don't think you understand.

What I am suggesting is that a lot of sellers overprice. The fact that so many pull out without selling supports this. The fact that closing prices are whatever percentage of asking prices for the same properties doesn't necessarily counter this for obvious reaons.

If you're out, you won't be missed

But think about the 93% for a minute. I am in no doubt, as evidence shows in this forum, that a lot of properties go for EA or above EAs a lot of the time, especially around London. So there must be a similar number of properties being sold at 85% of asking price. Is it so unreasonable to expect to offer 80% and up to 85% in such instances? I wouldn't think so.

harpoboy

joujou wrote: »

Is it so unreasonable to expect to offer 80% and up to 85% in such instances? I wouldn't think so.

It is, if you do it repeatedly, as you are doing.

Small wonder that EA's dont pick up the phone to you when a well priced property appears on their books.

My sense is that you have a long period in rental ahead of you getting increasingly agitated, as the housing market rises before your very eyes.

You and brit1234 should go out for a long walk together some moonlit night. You may just have a lot in common.

:rotfl:

Dan-Dan

seems to me that the OP cant really afford what they want and are getting the hump with sellers for daring to sell over the OP`s budget

MrChandlerBing

I am also looking in Sale, with a budget of around 140k.

It is madness, the market is cut throat and people either want crazy money for something or it goes in an instant! Nightmare. Keep on plugging away

Lizling

joujou wrote: »

I am in no doubt, as evidence shows in this forum, that a lot of properties go for EA or above EAs a lot of the time, especially around London. So there must be a similar number of properties being sold at 85% of asking price.

Not true. A few properties going for well over asking price could be balanced out by a lot of properties going for marginally under market price.

joujou

I know, median and mean and all that... so it could be the reverse scenario as well, we could never know... so just assuming the simplest case where the median and the mean are similar.