Lower offer days before Exchange and Completion

SVFM

CT is very negative about the current market.
The property we are selling is in a good area where properties go really quickly as they are well sought after.
We didn't expect to get the asking price it was just what the EA wanted to put it on at. We are more than happy to accept the offer as long as it is from an honest and genuine person, which hopefully this one will turn out to be.
Can't believe that there are some people who condone underhanded practises. Am a great believer in Karma and would never do to someone else anything that I wouldn't want doing to myself.
Thanks again for all the positive encouraging posts.

ukcarper

SVFM wrote: »

CT is very negative about the current market.
The property we are selling is in a good area where properties go really quickly as they are well sought after.
We didn't expect to get the asking price it was just what the EA wanted to put it on at. We are more than happy to accept the offer as long as it is from an honest and genuine person, which hopefully this one will turn out to be.
Can't believe that there are some people who condone underhanded practises. Am a great believer in Karma and would never do to someone else anything that I wouldn't want doing to myself.
Thanks again for all the positive encouraging posts.

CT has been very negative about market for years if they fell back 50% they would still be higher than when he started to feel negative.

POPPYOSCAR

SVFM wrote: »

CT is very negative about the current market.
The property we are selling is in a good area where properties go really quickly as they are well sought after.
We didn't expect to get the asking price it was just what the EA wanted to put it on at. We are more than happy to accept the offer as long as it is from an honest and genuine person, which hopefully this one will turn out to be.
Can't believe that there are some people who condone underhanded practises. Am a great believer in Karma and would never do to someone else anything that I wouldn't want doing to myself.
Thanks again for all the positive encouraging posts.

I quite agree.

Once when we sold a house we accepted an offer and then was offered more by another buyer.

We stuck by our word and went with the first offer.

We also viewed a property that had an offer on it by the time we went to see it. We did not offer more but left our phone number with them just in case the sale fell through. The seller contacted us a few weeks later and gave us first refusal.

What goes around comes around as they say.

Good luck with your move.

Crashy_Time

POPPYOSCAR wrote: »

No most people will read the whole article and take it all in context.

You should change your username to DoomandGloom.

Interest rate rises will be a gradual thing the last thing the government could cope with would be a mass of repos although undoubtedly there will be some.

The demand for property will always be there, people will always need a roof over their head.

Historically prices have fallen back slightly at times but they have always recovered and grown exponentially.

Most people in the housing market are in for the long haul anyway.

But anyway, we are not at that point and it remains a sellers market contrary to what you are saying.

Pretending to know how interest rate rises will play out doesn`t give the rest of your argument much credibility, we entered uncharted financial waters some time ago, and that is not doom and gloom, it is reality.

Crashy_Time

PField wrote: »

Far more people take up fixed deals rather than trackers these days. 5 and 10 yrs fixes are now much more common. Easy to insulate yourself from Bank rate rises.
Rents on the other hand just go up.

Do you have actual experience of renting and rents going up?


If rates start rising the price of your house is going to plummet, doesn`t matter how long you fixed for.

ukcarper

Crashy_Time wrote: »

Pretending to know how interest rate rises will play out doesn`t give the rest of your argument much credibility, we entered uncharted financial waters some time ago, and that is not doom and gloom, it is reality.

You've be saying property is overpriced and going to crash for years the truth is nobody can predict what prices are going to do and it would now require a big crash for prices to get back to where they were when you started.

Crashy_Time

SVFM wrote: »

CT is very negative about the current market.
The property we are selling is in a good area where properties go really quickly as they are well sought after.
We didn't expect to get the asking price it was just what the EA wanted to put it on at. We are more than happy to accept the offer as long as it is from an honest and genuine person, which hopefully this one will turn out to be.
Can't believe that there are some people who condone underhanded practises. Am a great believer in Karma and would never do to someone else anything that I wouldn't want doing to myself.
Thanks again for all the positive encouraging posts.

So if someone buys a house for 80k, and due to a massive banker induced credit bubble that house gets valued at 240k, is that good or bad Karma?

Crashy_Time

ukcarper wrote: »

You've be saying property is overpriced and going to crash for years the truth is nobody can predict what prices are going to do and it would now require a big crash for prices to get back to where they were when you started.

The MSM are saying they will crash.

ukcarper

Crashy_Time wrote: »

The MSM are saying they will crash.

As I said nobody can predict what house prices will do, how much have they increased since you been predicting a crash.

Crashy_Time

ukcarper wrote: »

As I said nobody can predict what house prices will do, how much have they increased since you been predicting a crash.

I hear some areas are lower than when I started predicting (2007) but I have not researched these areas, the main point however is that the MSM has a BIG influence on sentiment.