Simple question...

kingkano

The house we are currently buying was on at 275, which was reduced after a bit to 267.5 and they accepted 260 from us. A couple of people had already tried 250, and we knew that so opened with 255 which was of course rejected

I think most people at that price point KNOW about the SDT problem and will expect to drop by 5k at the minimum. Probably EAs price that in too. I say most, because we still found a few at 265 who said they wouldn't budge 1 penny from that. Needless to say even in the booming SE where we are, they still have not sold!!

On the other side of the coin, I think people who ask for 20-25k off and stating its because of an extra 5k in SDT are being a tad cheeky!! But it doesnt even matter about the SDT, its just an excuse. We had 'final offers' of 10% less than our asking price on our property too!

pamaris

What I want to know is, why is it always the buyer making a "cheeky offer". Maybe the sellers are setting "cheeky prices".

kodokan

pamaris wrote: »

What I want to know is, why is it always the buyer making a "cheeky offer". Maybe the sellers are setting "cheeky prices".

Quite right - I had a conversation earlier this week with a friend currently selling her house. The valuations came in around the £260-265k mark, but the agent told her to market it at £275k "so that it's far enough away from the SD threshold".

It's on at £275k, with no real interest. The sellers are still hoping for a high offer (or any offer at all, things are really slow in the South West), but accept that they may just have sell at the threshold, and try to adjust their ongoing purchase accordingly.

lush_walrus

BTman wrote: »

Doubt it, he's a !!!!!!....

I would never offer over £250k foir a £270k property..
Stamp duty.
Go on 13 year property dealer who's never known a downturn, chase the market down...

Completely unnecessary, rude and uneducated comment that I am sure all who have read would have automatically dismissed.

nellis10

Different world here in N Ireland!

A house round the corner was on at £395K and went for £455K Ours ahs been on a week at £430 and we have an asking price offer. We however were told to expect about £450K as a final offer.

House prices here have completely gone against the normal grain. However only 3 years ago when we bought the house it was on for £170K and we offered £162.5K and they accepted £165K as a compromise. So it's been turned on it's head.

Having said that again...the market is on the turn yet again due to interest rates and the buy-to-let people getting out at the bottoms end and it's filtering upwards.

nelly_2

lush_walrus wrote: »

Completely unnecessary, rude and uneducated comment that I am sure all who have read would have automatically dismissed.

No I laughed thanks

AndrewSmith

nelly wrote: »

Have you sold it yet then?

Yes,

After holding out with the same buyer we today accepted his offer of £267,500.

:T

noyk

NI is a real bubble, 165 to 450 in 3 years, where's all the money coming from? If you sell now you are really lucky person Madness.