Making an offer on viewing

mynameisclare

Crashy_Time wrote: »

How do your sums work out when rates rise?

Well we currently over pay by the £200 saving, so we could have an immediate increase of 3% without any change to our monthly outgoings. We could also still afford the payments up to at least say 12-13%, so think we'll be fine. Thanks for your concern though, I'll bear it in mind when we're living mortgage free with no worry of being given two months' notice at any time.

jimbog

You could say this about renting:

Crashy_Time wrote: »

Because you can`t control when [STRIKE]you [/STRIKE] the landlord decides to cash in the "investment" or how much [STRIKE]you[/STRIKE] they charge you for rent [STRIKE]get for it[/STRIKE].

ukcarper

glasgowdan wrote: »

It's a shame. I see new posters coming on asking for advice and getting awful advice from some people. Board moderators should take action as this one person takes hundreds of posts off topic a year and literally adds nothing of any use or benefit to anyone else, plus adds many duplicate links to spurious articles that may or (more often) may not have a connection to the topic in question.

I know forums where any links to the Daily Fail result in an automatic ban!

That's what I find bad, it's ok if he wants to go on discuss house price board and offer he views but it's when he gives them to people who want serious advice.

ScorpiondeRooftrouser

Crashy_Time wrote: »

Because you can`t control when you cash in the "investment" or how much you get for it.

Of course you can control when you cash it in.

ScorpiondeRooftrouser

ukcarper wrote: »

That's what I find bad, it's ok if he wants to go on discuss house price board and offer he views but it's when he gives them to people who want serious advice.

It's his automatic posting to anyone who asks about the value of their house that it's only worth 50-60% of whatever they are asking that annoys me. It's done regardless of asking price and obviously with absolutely no knowledge of the area or the market. While people who know who he is can ignore him, anyone who doesn't might take him seriously. And he is deliberately trying to mislead them for his own purposes. This forum apparently thinks that's fine, though.

ReadingTim

ScorpiondeRooftrouser wrote: »

It's his automatic posting to anyone who asks about the value of their house that it's only worth 50-60% of whatever they are asking that annoys me. It's done regardless of asking price and obviously with absolutely no knowledge of the area or the market. While people who know who he is can ignore him, anyone who doesn't might take him seriously. And he is deliberately trying to mislead them for his own purposes. This forum apparently thinks that's fine, though.

Crashy's good for baiting - he's a master at it himself, but as someone who also enjoys the "sport" of random house valuations, I've got to offer a few thoughts by way of mitigation:

• whilst poor photos, no floorplan, badly spelled or overly flowery descriptions etc all don't help, price is the main reason somewhere isn't selling
• no-one should have more knowledge of the area than the seller - they (or their agent) should know if the area's dead. Yet many of the posts here appear flummoxed because other places in their area *are* selling, and theirs isn't.
• the only *value* a property's worth is the amount the individual buyer and seller agree on. Everything else is an opinion. Accordingly, mine, and even Crashy's opinion is no less valid than anyone else's.
• En masse, the amalgamation of opinions of lots of buyers and sellers that comprises the market may be more accurate than an individual's, but "the market" doesn't buy anything, it's only an amalgamation of opinions. For a particular property, you have to come to an agreement with an individual person. Or not.
  opinions are like @rseholes - everyone's got one, but they're not always nice to look at or hear from.

Crashy's agenda is clear by his user name, so take what he says with a pinch (or cellar) of salt. His estimates generally aren't any more sophisticated that 'divide by 2', but mine only stretch to 'round down to the nearest multiple of £25K, plus or minus £5k'.

Neither are particularly rational, but then again, neither is the human mind...