Is it reasonable for us to drop our asking price given current climate?

abanksee

graphs said:

Completely reasonable.

What you are hearing on here is selfish home-owners and landlords with portfolios telling you to overpay. They are desperate for house prices not to fall.

They have zero interest in giving you money saving advice on this money saving website. Bear this in mind. This is your money going down the drain, not theirs.

This should be a sticky comment on the forum header!

markin

We had an offer on a home accepted before the coronavirus lockdown and think house prices will now fall, should we reduce our offer?

https://www.thisismoney.co.uk/money/mortgageshome/article-8288951/Should-drop-offer-house-coronavirus.html

eidand

abanksee said:

graphs said:

Completely reasonable.

What you are hearing on here is selfish home-owners and landlords with portfolios telling you to overpay. They are desperate for house prices not to fall.

They have zero interest in giving you money saving advice on this money saving website. Bear this in mind. This is your money going down the drain, not theirs.

This should be a sticky comment on the forum header!

as opposed to desperate renters who think their dream house will simply fall into their lap at a huge discount, because the world owes them something?
Sure, stick both of these up there

abanksee

eidand said:

abanksee said:

graphs said:

Completely reasonable.

What you are hearing on here is selfish home-owners and landlords with portfolios telling you to overpay. They are desperate for house prices not to fall.

They have zero interest in giving you money saving advice on this money saving website. Bear this in mind. This is your money going down the drain, not theirs.

This should be a sticky comment on the forum header!

as opposed to desperate renters who think their dream house will simply fall into their lap at a huge discount, because the world owes them something?
Sure, stick both of these up there

That's equally as silly. But you have to admit, its ludicrous to say those prices wont fall or one above even said rise! 

blue_max_3

This was an interesting listen. Obviously the States and may not be reflected here, but paints a bleak future.
https://www.youtube.com/watch?v=N-SG-n-C5IE

Or this for the uk
https://www.youtube.com/watch?v=HlUyCuYGj-A

Certainly can't see it rising!

societys_child

graphs said:

Completely reasonable.
What you are hearing on here is selfish home-owners and landlords with portfolios telling you to overpay. They are desperate for house prices not to fall.
They have zero interest in giving you money saving advice on this money saving website. Bear this in mind. This is your money going down the drain, not theirs.

What a load of balloux.

If you want to buy a house, buy it.

 If not, listen to 'experts' like graphs * . . 

* Think crashy has found a soulmate.

Peony2016

OP, have you decided what you’re going to do yet? We haven’t heard back from our vendor since we have her the option to reduce our respective prices to try for for a quick sale or wait it out. Suspect she is waiting for the PM’s announcement this evening before deciding.

abanksee

Peony2016 said:

OP, have you decided what you’re going to do yet? We haven’t heard back from our vendor since we have her the option to reduce our respective prices to try for for a quick sale or wait it out. Suspect she is waiting for the PM’s announcement this evening before deciding.

How much did you lower?

Crashy_Time

societys_child said:

graphs said:

Completely reasonable.
What you are hearing on here is selfish home-owners and landlords with portfolios telling you to overpay. They are desperate for house prices not to fall.
They have zero interest in giving you money saving advice on this money saving website. Bear this in mind. This is your money going down the drain, not theirs.

What a load of balloux.

If you want to buy a house, buy it.

 If not, listen to 'experts' like graphs * . . 

* Think crashy has found a soulmate.

Has anyone got a good reason for why expensive housing benefits ordinary people? I don`t think I have heard anything vaguely plausible so far......

MobileSaver

Crashy_Time said:

Has anyone got a good reason for why expensive housing benefits ordinary people? I don`t think I have heard anything vaguely plausible so far......

What an odd question to ask! We live in a market economy so the price is what it is based on fundamental supply and demand factors; whether it is a benefit or detriment to "ordinary people" doesn't come in to it.