for those with there house for sale how low are the silly offers coming in at ?

ruggedtoast

Its horrible getting an offer lower than you need and not knowing when you'll get another one. I think a lot of people on these kind of sites lose track of the fact that selling is as stressful as buying, just for different reasons.

If I were you Lizzie I would speak to the agent and say that while youre willing to negotiate on price it is a bit low and can the buyer make a better offer?

If theyre serious then theyll probably come back with another offer. If not then an unreliable buyer isnt worth the grey hairs in my experience.

While you work through your negotiations instruct your agent to continue marketing the property. Make it very clear to them that you want £140,000 and theyre not to back pedal because you have a low offer. See if you can list with another agency as well to keep them on their toes. Theyre willing to settle for a bit less commission if you get a low offer but if they think theyll get NO commission they often start working a lot harder.

Good luck with it.

andysstuff_2

johnny_storm wrote: »

I agree with you, but the prices that were achieved 6 months ago for a similiar property in the area is now less relevant in a falling market than the prices others are struggling to achieve now.

I agree but often, as another poster has said, sellers will start high in the hope of someone biting, doesn't mean its the right price.

Coming out of a long period of rapid growth its hard to shift mindsets into asking realistic prices, its been a case os think of a number and add 10% or 15% in recent years, now times MAY have changed, a lot of re-education - of estate agents as well as sellers is going to be needed.

TheCountOfNowhere_2

Doozergirl wrote: »

I can only see the OP asking for what offers have been made on other properties It would have made interesting reading for anyone interested in the market but it's turned into a ridiculous slating of the OP and of course, another HPC thread.

I've noticed that happening on a lot of forums...perhaps it's a sign that the general public opinion has turned and that a HPC is underway!!!! It cant really be ignored anymore and talk of it is spreading.

As several people have pointed out...its a good thing if you play the game properly and offer lower on the place you are buying. Forget asking prices/selling prices, if you are moving up the chain it's the price differentials on actually buying/selling prices that count. PLAY THE GAME.

Doozergirl

Merton wrote: »

What about all those who are put out by excessive asking prices?

Well, sod the vendors too I'm not fussy.

Merton

Doozergirl wrote: »

Well, sod the vendors too I'm not fussy.

Lol! Very funny!

sirhan_sirhan

Sorry to interupt. I haven't really got much to add, other than to say that it was easier to find a Rightmove link to your property than I thought it would be.

I won't paste a link here, that would be an infringement upon your privacy.

Having established the postcode, I did a search on:

http://www.nethouseprices.com

..and found that a terraced house on the same road sold for 115k at the end of September (number 43).

I don't know the area, let alone the street, so couldn't possibly comment upon any differences between the two properties; but I would imagine that it is this figure that the prospective buyers have based their offer upon.

Of course, I might be wrong, and you may not be listed on Rightmove at all.

Good luck.

johnny_storm

andysstuff wrote: »

I agree but often, as another poster has said, sellers will start high in the hope of someone biting, doesn't mean its the right price.

Coming out of a long period of rapid growth its hard to shift mindsets into asking realistic prices, its been a case os think of a number and add 10% or 15% in recent years, now times MAY have changed, a lot of re-education - of estate agents as well as sellers is going to be needed.

Yes, a lot of people still seem to think prices only go in one direction. Its remarkable that people hate inflation in all things except property, and want low interest rates despite the fact it devalues money (savings, pensions etc) during high inflation.

Merton

johnny_storm wrote: »

Yes, a lot of people still seem to think prices only go in one direction. Its remarkable that people hate inflation in all things except property, and want low interest rates despite the fact it devalues money (savings, pensions etc) during high inflation.

In this respect, the masses truly are asses.

caveatvenditor

Oh dear looks like you're going to be chasing the market down.

The times are changing.

See you in a few years at 90K.

Merton

sirhan_sirhan wrote: »

Sorry to interupt. I haven't really got much to add, other than to say that it was easier to find a Rightmove link to your property than I thought it would be.

I won't paste a link here, that would be an infringement upon your privacy.

Having established the postcode, I did a search on:

http://www.nethouseprices.com

..and found that a terraced house on the same road sold for 115k at the end of September (number 43).

I don't know the area, let alone the street, so couldn't possibly comment upon any differences between the two properties; but I would imagine that it is this figure that the prospective buyers have based their offer upon.

Of course, I might be wrong, and you may not be listed on Rightmove at all.

Good luck.

Considering this is a falling market, it looks like the offer might well be a very generous one.