I've pulled out of our house sale..........

wherediditallgo

chriseast wrote: »

Shaz. Sorry about your problems. There might be light at the end of the tunnel.

We put in an offer on a house three weeks ago which was rejected. They wanted £15000 more than the offer we made, so we walked away as we didn't think it was worth it. Just over a week ago they came back and said they would take the offer after all, but we told them that the offer was no longer on the table (we felt that the original offer was also a little high by then after daily news reports on falling house prices). Last Friday the agent rang saying they would take £15000 less than our original offer. Yesterday the agent rang again saying they would take a further £30000 less. We may or not go ahead with this purchase, but by sitting tight have already saved £60000 from the original price they wanted and £45000 from our original offer. Some people simply have a vastly over-inflated ideas about how much their houses are worth and the agents need to take some of the blame as well. It's really satisfying when it turns round and bites them! Looking forward to the next phone call!

I agree. I've just been looking at rightmove, & a property a friend & I went to see well over a year ago in Brighton is still for sale, & is now at £60,000 less than it was when we saw it. It's still ambitiously described too. :rolleyes: Brighton is a very popular part of the country, the property has been modernised, yet it isn't selling. My friend put in an offer £20,000 below asking price, but the sellers were immovable - she was at the top of her budget & couldn't go higher, so she looked at other properties & found somewhere far nicer a few weeks later at a much more reasonable price.

I don't totally blame the sellers, as if you're selling your first home you do tend to rely on what agents tell you. However, some of the sellers do have to take some of the blame, because if they looked at what properties actually go for (rather than what agents tell them they go for), they'd realise their property was over-priced for the current market. If you're not in a rush to sell, then you might be able to afford to wait for the right buyer to come along however long that takes. But if you need to sell & sell within a couple of months, you have to be prepared for a bit of negotiation on both sides.

Sugarplumfairy_2

budget_counsellor_shaz wrote: »

Sorry I always start with a blank canvas I can see the potential. I've spent most of my life living in building sites. Not everyones ideal I know:rotfl:

Me too, the house that I am buying is like that. New Kitchen, Bathroom, Windows etc etc. But the house feels so right inside. Went to view a few houses which needed no work but the feeling wasn't right. Think you know when you find the right one, no matter what mess it is in. You can always buy new fittings etc but you can't buy the 'feeling'.

sm9ai

Terry_Tibs wrote: »

Dont believe the HPC doomers, they are all bitter because they have been waiting for 4 years for a crash when they should have bought, dont fall into the same trap, there will be no HPC.

haven't you got a bridge you should be guarding?

wherediditallgo

Sugarplumfairy wrote: »

Me too, the house that I am buying is like that. New Kitchen, Bathroom, Windows etc etc. But the house feels so right inside. Went to view a few houses which needed no work but the feeling wasn't right. Think you know when you find the right one, no matter what mess it is in. You can always buy new fittings etc but you can't buy the 'feeling'.

I agree. I had no particular interest in the two properties I saw before the one I'm in now - they'd been modernised, & looked OK inside, but they held no attraction for me. From the moment I walked into my current home, my heart was racing, & I knew I had to have it. Nearly 2 years on, there's still a lot to do to it, but I haven't regretted moving here for a second. There's something about the 'right' place.

Kez100

They will be soooooo mad when you pull out and they can't buy their over priced dream home. LOL!

No way would I go up.

budget_counsellor_shaz

wherediditallgo wrote: »

......... If you're not in a rush to sell, then you might be able to afford to wait for the right buyer to come along however long that takes. But if you need to sell & sell within a couple of months, you have to be prepared for a bit of negotiation on both sides.

We don't have anything to sell so we are lucky..... our savings are slowly growing:T

budget_counsellor_shaz

Sugarplumfairy wrote: »

Me too, the house that I am buying is like that. New Kitchen, Bathroom, Windows etc etc. But the house feels so right inside. Went to view a few houses which needed no work but the feeling wasn't right. Think you know when you find the right one, no matter what mess it is in. You can always buy new fittings etc but you can't buy the 'feeling'.

You are right you can't buy the 'feeling' but I'll find somewhere else and get all excited again when the time is right.

budget_counsellor_shaz

Kez100 wrote: »

They will be soooooo mad when you pull out and they can't buy their over priced dream home. LOL!

No way would I go up.

The estate agents rang me this morning to see if I'd changed my mind......

I guess she'll have to pay out for a HIPS soon too as it is a 3 bedroom house:rolleyes:

telfordwhite

Sugarplumfairy wrote: »

Think you know when you find the right one, no matter what mess it is in. You can always buy new fittings etc but you can't buy the 'feeling'.

Typical bloody woman...:p

I know when I've found the one, it's when it's 2 minutes walk from the pub,:beer: close to work, schools and the shops..... Sod the "feeling"

Rover

Stick it out Shaz, you know 'how the winds are blowing'.
Tell them you'll revisit it in the new year. If it goes, it goes.