Buyer has asked for £20k off sales price

Angela_D_3

Strange times,  ours went to sealed bids,  one £15,000 over asking price,  accepted the one that was £11,000 over.  £5,000 over the price achieved in August.  

I don’t see prices dropping here.  

GDB2222

I don’t think it makes any difference just why the buyer wants £20k off. The question is whether anyone else will offer more. None of us here can answer that. Also, of course, how keen are you to sell? Do you have your purchase lined up?

lookstraightahead

For whatever reason, whether logical to you or not, that's what the buyer is offering. It's whether you want to accept or risk it - take the money or hold out for a better offer. Also some people's time is more valuable than money, so maybe they don't want the hassle of any work and the money off compensates?

Crashy_Time

Does the OP have someone potentially offering more?

Crashy_Time

Angela_D_3 said:

Strange times,  ours went to sealed bids,  one £15,000 over asking price,  accepted the one that was £11,000 over.  £5,000 over the price achieved in August.  

I don’t see prices dropping here.  

Everyone thinks that, until they drop.

csgohan4

Crashy_Time said:

Angela_D_3 said:

Strange times,  ours went to sealed bids,  one £15,000 over asking price,  accepted the one that was £11,000 over.  £5,000 over the price achieved in August.  

I don’t see prices dropping here.  

Everyone thinks that, until they drop.

you predict rain every day, eventually it will, doesn't mean it was you,

Covid is certainly not the cause of financial mishandling like it was in 2008, no one could predict covid. No amount of financial modelling could have, 

Crashy_Time

csgohan4 said:

Crashy_Time said:

Angela_D_3 said:

Strange times,  ours went to sealed bids,  one £15,000 over asking price,  accepted the one that was £11,000 over.  £5,000 over the price achieved in August.  

I don’t see prices dropping here.  

Everyone thinks that, until they drop.

you predict rain every day, eventually it will, doesn't mean it was you,

Covid is certainly not the cause of financial mishandling like it was in 2008, no one could predict covid. No amount of financial modelling could have, 

Covid or similar was well predicted for years, even the ex-trader guy who wrote the Black Swan book was on Bloomberg etc. when it all kicked off saying no way was Covid anything even approaching a "Black Swan" event, and the fact that the property/debt bubble would end badly, and wouldn`t respond well to any downturn in the economy, has also been well flagged up for years as well.

GDB2222

csgohan4 said:

Crashy_Time said:

Angela_D_3 said:

Strange times,  ours went to sealed bids,  one £15,000 over asking price,  accepted the one that was £11,000 over.  £5,000 over the price achieved in August.  

I don’t see prices dropping here.  

Everyone thinks that, until they drop.

you predict rain every day, eventually it will, doesn't mean it was you,

Covid is certainly not the cause of financial mishandling like it was in 2008, no one could predict covid. No amount of financial modelling could have, 

There’s a lot of commentary suggesting that prices may tank, so it’s not just Crashy.

Crashy_Time

The media is packed with talk about "bubbles" and all the doom and gloom "crashist" noises now, they love pumping it up and then cheerleading the negativity on the way down as well, sells papers and gets people watching the telly I suppose?

Angela_D_3

except much as they did after 9/11 and 2008 people become numb to it and just get on with living their lives.  We’ve just sold to two NHS staff,  I can’t imagine they are too concerned about being furloughed and probably signed up for a bit of overtime between now and March.  

There’s winners and losers in every market but you have to be in it to win it and it always comes down to you make money when you buy not when you sell.  Hence the £20,000 squeeze.  But pressumably that’ll be passed up or down the chain anyway.