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Glasgow South Housing Market

We want to buy a house in the Southside of Glasgow. I feel that the market has somewhat become less crazy in the last few weeks.


Does anyone agree?


We want to buy a house that has been on the market for almost 3 weeks and has only had two viewings (including us!).


It's offers over but I think prices will go down soon so I was thinking of going below the prices over. What do you guys think?

Comments

  • hazyjo
    hazyjo Posts: 15,475 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Three weeks isn't very long.


    Nothing to stop you putting in a note of interest or making a lower offer. Depends how keen they are to sell I suppose.
    2024 wins: *must start comping again!*
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Your solicitor is probably best-placed to advise. No reason why you can't negotiate a price if there are no other notes of interest. Will probably depend on exactly where and what type of property you're talking about.
  • DoaM
    DoaM Posts: 11,863 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    What area do you mean by "Southside"? The actual Scottish Parliament constituency of Glasgow Southside, or the south side of Glasgow? If the latter, which area(s)?
  • Neither the solicitor nor the mortgage broker want to advice. They say things like - pay what it’s worth to you, etc but it’s hard to get a definitive response. 😂
  • Sorry, I’m not from Glasgow. Shawlands, Newlands, Cathcart, Muirend and Kings Park - area.
  • hazyjo
    hazyjo Posts: 15,475 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Neither the solicitor nor the mortgage broker want to advice. They say things like - pay what it’s worth to you, etc but it’s hard to get a definitive response. 😂
    Offer lower. They will say yes or no, or come back with a counteroffer. Are you worried about offending? Are you a FTB?
    2024 wins: *must start comping again!*
  • What value does the home report say? The asking price is irrelevant, my guess is the O/O is less than the value. The home report is a guide to what you should offer based on any work needing done.


    I personally would not pay more than the valuation. I have done this in the past & been successful with a few purchases. If you want to offer less it's up to you, depends how much you want the house.




    Moneysaver
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Indeed, no point in offering more then HR valuation unless it's actually a closing date, or you're sure that it would have gone to a closing date were it not for your early generous offer.
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