Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

The Nice People Thread, No.16: A Universe of Niceness.

1101910201022102410251094

Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    hjd wrote: »
    We've been on holiday to the Isles of Scilly for a short break. Came back before the storms, luckily, as would have had problems getting off the islands then.
    Lovely places, like being stuck in a time warp. Highly recommended.
    Went on a day trip once, about 20 years ago.
    Somebody saved up local newspaper vouchers to get a half price ferry crossing, cost £15 each.

    Spent longer on the boat than on the island :)
  • GDB2222
    GDB2222 Posts: 26,321 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    No guarantee that they will sell t the increased amount, of course.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    GDB2222 wrote: »
    No guarantee that they will sell t the increased amount, of course.

    No, but they'd probably also not wish to sell it for, say, £280-290k.
  • GDB2222
    GDB2222 Posts: 26,321 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 13 August 2019 at 7:25AM
    No, but they'd probably also not wish to sell it for, say, £280-290k.

    There are lots of overpriced properties on the market. You priced yours competitively but others haven't done the same with theirs. You've found a buyer, whilst others have not. The way the system works, there's often no cost for sellers if they overprice their property.

    Besides that, some people set the price 10% higher than they actually expect to get, to leave room for haggling. 10% off £315k is £283.5k, so the sellers may not be as unreasonable as you think.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • Jazee
    Jazee Posts: 9,472 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I would be questioning why they are selling so soon.
    Spend less now, work less later.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 13 August 2019 at 9:55AM
    Jazee wrote: »
    I would be questioning why they are selling so soon.

    Well, yes, while some people do have to move.... I figured maybe they got fed up of the next door's leaves dropping on their roof all the time, although they haven't lived there during an autumn.

    Or, maybe next door's put in a planning application. It's on my list to look/check, although I'd have to use two postcodes to check as the house with the big garden is one postcode, but where a new build would be built would be a different postcode. Somebody already "over developed" a £700-800k tall monstrous block of a house across the road last year, so it's not without precedent to build something "oversized".

    Or it could be something "unexpected", like perpetual drugs dealings from an assortment of vans parked outside their house at night :) You can never tell what goes on where can you. I took a drive past it the other week, as I'd been "interested" in it before, it's a funny little road, out of the way, peppered with these little individual builds at the bottom of what used to be long gardens of houses on another road.

    I did my "drive by" to convince myself I'd not "missed out". Big tree was still looming over it, but I wasn't giving it the prospective eye as I thought the boat'd sailed on this one.

    Nothing has changed on my list of "why I wasn't so keen on even viewing it".
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    The Wide Awake Club is still running, we just don't advertise it most of the time as it's so regular.

    I've been up since 1.30 tonight. Been outside 3x, had three coffees.... might make some toast in a bit.
  • chris_m
    chris_m Posts: 8,250 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    The Wide Awake Club is still running,
    had three coffees

    No wonder you're wide awake :p
  • GDB2222
    GDB2222 Posts: 26,321 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 14 August 2019 at 8:18AM
    At £295k, sold 4 days after going onto the market at £280k there's no way I'd have rushed in there when it was so new to market and gone in so low!

    I can imagine the buyers offered £265k initially and they split the difference at £280.

    One thing I've learned is that most vendors are remarkably thick skinned about offers. Very few are so offended by a low initial offer that they refuse higher offers from the same buyer. So, there's no downside offering low initially. Your offer may be rejected, but it's not personal.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • GDB2222
    GDB2222 Posts: 26,321 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    chris_m wrote: »
    No wonder you're wide awake :p

    Mother in law used to drink super strong black coffee last thing at night. She was a strange lady who flatly refused to believe that there could be any consequences. Her insomnia and migraines were she said utterly unconnected with her immense coffee intake.

    She argued that she had drunk coffee all her life. The snag with that argument was that she had had migraines and insomnia for a large part of her life, also.
    No reliance should be placed on the above! Absolutely none, do you hear?
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.4K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.3K Work, Benefits & Business
  • 599.6K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.