First time buyers what to offer?

Crashy_Time

societys_child wrote: »

Much like an offer 17k below asking!

Better than 20k below which will probably be their next offer.

metrobus

Crashy_Time wrote: »

Better than 20k below which will probably be their next offer.

Haha

I see the forum idiot is back.

lookstraightahead

I don't know why a low offer isn't reasonable at the moment. I know lots of people who genuinely think a lot of places are overpriced, including me. I've had the experience of three estate agents valuing a property I used to own between 320000 and 390000 purely to win business. I've seen property sold prices way way below asking prices recently. Sellers do have the choice to say no, but I think buyers should also be extremely cautious.

metrobus

But the house in question has already had an offer accepted.

The only way the OP will get the house is if they go higher or wait and hope the present offer drops out for whatever reason.

The whole thread is hypothetical since the buyer may actually buy.

MysteryMe

Collecting masses of data is easy, being to analyse that data correctly is the difficult bit. As the saying goes, a little knowledge is a dangerous thing.

lookstraightahead

MysteryMe wrote: »

Collecting masses of data is easy, being to analyse that data correctly is the difficult bit. As the saying goes, a little knowledge is a dangerous thing.

Do estate agents analyse it properly then? It really isn't that difficult.

lookstraightahead

metrobus wrote: »

But the house in question has already had an offer accepted.

The only way the OP will get the house is if they go higher or wait and hope the present offer drops out for whatever reason.

The whole thread is hypothetical since the buyer may actually buy.

An offer that means nothing at the moment. If the people offering don't sell/don't get the price they expect, they will no doubt reduce the offer.

Crashy_Time

metrobus wrote: »

Haha

I see the forum idiot is back.

So believing that cheaper basic shelter makes for a better society and economy makes someone an idiot?

ReadingTim

Crashy_Time wrote: »

So believing that cheaper basic shelter makes for a better society and economy makes someone an idiot?

It's a noble ideal, but an unswerving belief that it will come about via some kind of catastrophic crash, despite nearly 20 years of evidence to the contrary, together with a constant need to redefine the argument when facts and events disprove previous predictions suggests a level of dogmatism which flies in the face of conventional notions of wisdom or even intelligence.

Crashy_Time

ReadingTim wrote: »

It's a noble ideal, but an unswerving belief that it will come about via some kind of catastrophic crash, despite nearly 20 years of evidence to the contrary, together with a constant need to redefine the argument when facts and events disprove previous predictions suggests a level of dogmatism which flies in the face of conventional notions of wisdom or even intelligence.

You would need to be pretty blind to recent economic and political developments to think it is just a "noble idea" I`m afraid, and no one is arguing that house prices were out of control 20 years ago, out of control in 1998? Not sure what you are on about here TBH, do you think stretching the time that we have had rampant HPI makes it somehow beyond change? They were out of control in 2008, the market crashed, the central banks stepped in to pump the market back up, and now the US is raising rates and the EU is in crisis, so they will be trying to save their precious project, not pump house prices to make more people vote for "Populist" parties. The only way it can come about now is due to a catastrophic crash, that is the whole point, the time to slowly deflate and avoid Brexit and all the other strife is long gone.