House prices in Scotland

irnbru_2

Jockthearab wrote:

and here's me, quite happy today to accept an offer of 20% above asking price, for my house that has only been on the market for two weeks ...maybe I should've held off just that wee bit longer LOL!

Purely out of curiousity ....... if you're happy with 20% above your O/O price why not just have a FP to begin with?

Jockthearab

Hi Irnbru (cool name BTW). We were advised by the estate agents that the houses in our area were in quite decent demand. We also were not in a real rush to sell i.e within a very short period of time, which generally houses on a fixed price up here, are! So we thought we'd let the market decide the overall sale price

To be honest, I was very surprised with the amount of viewings that we had & expected to achieve a figure of 10% above valuation. As you can imagine, receiving 20% above was a bonus that the missus & I are happy with.

Funnily enough, the houses that we are looking at buying, I'm now preferring to try the fixed price ones,'cos we've already been knocked back on one house despite offering £11k over asking (this was also £5k over the surveyors valuation).

JtA

Moncs_2

It is impossible to predict what the housing market is going to do, however I think in places with such high demand as Edinburgh then the prices will stay stable and a crash is very unlikely simply because the demand will always be there.

It is obvious that the way house prices have rocketed over the past five years cannot continue, so I can see a slowdown (which is already happening) in the rate that prices rise and a lot more Fixed Prices than Offers Over.

My dad is planning to sell his two bedroomed house in Clermiston, Edinburgh next year, so I'm hoping that prices will stay the same.