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advice needed,offers rejected, are we expecting too much?

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Comments

  • dolce_vita
    dolce_vita Posts: 1,031 Forumite
    Go for it mr.b
    dolce vita's stock reply templates

    #1. The people that run these "sell your house and rent back" companies are generally lying thieves and are best avoided

    #2. This time next year house prices in general will be lower than they are now

    #3. Cheap houses are a good thing not a bad thing
  • Doozergirl
    Doozergirl Posts: 34,078 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    mr.broderick wrote: »
    A house recently near us up for £229500 which I enquired about at the time and told the estate agent it was overpriced and would consider offering £195000 at the death has just been reduced to offers around £189500. This has happened in a 12 week timespan. This is a beautifully presented 3 bedroom semi detached house in a desirable area for schools etc. Might go and view again and offer £160k !!:confused:

    I don't mind if you do it on the house I'm looking at. I don't even know where to begin. :confused:
    Everything that is supposed to be in heaven is already here on earth.
  • SquatNow
    SquatNow Posts: 2,285 Forumite
    House prices are twice as high vs wages as they were during the 80s.

    Thus, house prices can fall 50% and be no lower that at the last PEAK before the last crash. (Inflation Adjusted).
    Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.
  • missimaxo
    missimaxo Posts: 393 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Sorry to sound like a duffer - on net house prices how do you find out the average difference between sold price and the for sale price - I can only find the actual prices they sold for.
  • Doozergirl
    Doozergirl Posts: 34,078 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    missimaxo wrote: »
    Sorry to sound like a duffer - on net house prices how do you find out the average difference between sold price and the for sale price - I can only find the actual prices they sold for.

    www.hometrack.co.uk

    Put in the postcode and there are three, easy to bypass, little boxes. After the list of selling prices. Sale to asking price ratio is one of them.
    Everything that is supposed to be in heaven is already here on earth.
  • emmamc252
    emmamc252 Posts: 114 Forumite
    just wanted to say thanks to everyone for all of your replies. we do want a house to live in, not to sell on in a couple of years but we would also like to think we were getting value for money! i guess we just have to keep plodding on and trying, guess its just frustrating!!!! we have put the offers in very nicely and have explained our position is as good as anyone is going to get. guess its just a case of wait and see. the main one we like, the owners will be moving into their new home on the 13th that is ages away from the town we liv ein now so the house will be empty. houses that are empty never tend to sell as well, certinly not for a s high a price round our way so we are just keeping our fingers crossed that they might change their mind once they move away and they have the overheads of having two homes, one of which they aren't going to live in or even see!!! wish me luck!!!! sure i'll have more questions to ask soon enough!!!!
  • Running_Horse
    Running_Horse Posts: 11,809 Forumite
    Part of the Furniture Combo Breaker
    I think there is an etiquette involved in making offers, in so much as the vendor will usually reject the first one, expecting a second offer to come. Work out what you are willing to pay for the house, and offer below that initially. When (if) that is rejected, try to guage from the agent what they are expecting, and go in with a "full and final" bid. You never know, you might strike lucky with the first lower offer.
    Been away for a while.
  • Running_Horse
    Running_Horse Posts: 11,809 Forumite
    Part of the Furniture Combo Breaker
    SquatNow wrote: »
    House prices are twice as high vs wages as they were during the 80s.
    Alan. The OP didn't ask about the wages versus prices ratio 20 years ago.:confused:
    SquatNow wrote: »
    Thus, house prices can fall 50% and be no lower that at the last PEAK before the last crash. (Inflation Adjusted).
    Alan. How does this nonsense help the OP?:confused:
    Been away for a while.
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    chriseast wrote: »
    Whilst some areas will always hold up better than others a true 30% drop in average house prices will affect all houses. In the late 80's/early 90's when we had the last real crash all houses dropped significantly in value - it wasn't selective, some dropped by more than others, yes, but the whole market went down.

    That's simply not true.Some areas went up in price.The entire market didn't drop as much as 30% over 10 years.

    I feel very sorry for novice FTBs being misled by people trying to talk the market down in this way.They will simply waste their time and get nowhere. Very few sellers are forced to move, so if they can't get what they want for their property, they will just stay put.

    The max reduction you should expect is a few thousand pounds.
    Trying to keep it simple...;)
  • reformedEffortMaker_2
    reformedEffortMaker_2 Posts: 392 Forumite
    EdInvestor wrote: »
    That's simply not true.Some areas went up in price.

    I'm not being funny, but have you got any examples?
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