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

pickledpink

wii_man1 wrote: »

20% are you sure

Nearer 10% isn't it?;)

Needs to brush up on his maths before deciding that the property market needs correcting!!:rotfl: Funniest thing I've read in ages!!!!!!!!!!!!!!

Wonder if his decision to correct the property market had any influence?!?!:rotfl:

wii_man1

pickledpink wrote: »

Nearer 10% isn't it?;)

Needs to brush up on his maths before deciding that the property market needs correcting!!:rotfl: Funniest thing I've read in ages!!!!!!!!!!!!!!

Wonder if his decision to correct the property market had any influence?!?!:rotfl:

sadly the housing market needs correcting, as prices are a joke now, i sold a house for 880k last year and i know the buyer had trouble finding the cash so hopefully it will be back on the market soon rising mortgage costs and all, so i can pick it back up for less than they paid me for it, bonus if they have fitted a nice kitchen and bathroom ready for me :rotfl:

IveSeenTheLight

wii_man1 wrote: »

sadly the housing market needs correcting, as prices are a joke now, i sold a house for 880k last year and i know the buyer had trouble finding the cash so hopefully it will be back on the market soon rising mortgage costs and all, so i can pick it back up for less than they paid me for it, bonus if they have fitted a nice kitchen and bathroom ready for me :rotfl:

So you are looking to benefit for someone misfortune if they have overstretched themselves.
Not very in line with the HPC wishers on here.

I hope that even if there is a market correction that they are happy in their home, can afford the mortgage payments and do not have to sell.

Out of interest, did you sell last year to rent hoping to capatalise on a HPC?

wii_man1

IveSeenTheLight wrote: »

So you are looking to benefit for someone misfortune if they have overstretched themselves.
Not very in line with the HPC wishers on here.

I hope that even if there is a market correction that they are happy in their home, can afford the mortgage payments and do not have to sell.

Out of interest, did you sell last year to rent hoping to capatalise on a HPC?

i sold to move to surrey, but i own another house which was rented out so we moved in there when we sold. no luck with finding the house in surrey as yet too many people want top dollar for houses that have not been touced for 50 years :rotfl: god it is late

ruggedtoast

IveSeenTheLight wrote: »

So you are looking to benefit for someone misfortune if they have overstretched themselves.
Not very in line with the HPC wishers on here.

I hope that even if there is a market correction that they are happy in their home, can afford the mortgage payments and do not have to sell.

Out of interest, did you sell last year to rent hoping to capatalise on a HPC?

wii_,mans sentiment is as ugly as they come and reveals a lot more about his personality than I think he realised. However people have to be taken to account for their own decisions. If you take an enormous loan out for a property you cant afford and then cant pay it back then youre responsible for that.

I dont want to see odd legislation attempting to force lenders to keep rates artificially low to rescue sub prime like they now have in the states.

Turnbull2000

wii_,mans sentiment is no worse than that of the media, the lenders, EAs, and the millions who 'celebrated' and 'enjoyed' double digit price inflation at the expense of first-time-buyers. In fact, wii_,mans wishes will be for the long-term good of the country, unlike the latter.

Just like these buyers self-congratulated themselves for their 'wise investment' in a rising bubble, they should also take the flak for poor investment choices. After all, a house has been regarded as an investment since this all started. It's only when it all falters that we're reminded it's actually a home and falling or rising values don't matter. There's a lot of hypocrisy going round...

nickj_2

it has been a sellers market over the last 10 years ,
demand has outstripped supply and forced prices up with banks giving higher multiples of lending to enable people to buy .
they are not doing that now . the supply is getting higher than the demand as more people are not able to get the mortgages required to buy . this will force prices down sooner or later .

wii_man1

ruggedtoast wrote: »

wii_,mans sentiment is as ugly as they come and reveals a lot more about his personality than I think he realised. However people have to be taken to account for their own decisions. If you take an enormous loan out for a property you cant afford and then cant pay it back then youre responsible for that.

I dont want to see odd legislation attempting to force lenders to keep rates artificially low to rescue sub prime like they now have in the states.

my personality has nothing to do with the arguement i am a business man sell high buy cheap that is the economics of the world sadly, if purchasers are so desperate to put themselves it to debt to the tune of hundreds of thousands of pounds for a home they can barely afford more fool them, i have no sympathy at all , people are in charge of their own destiny when are they going to realise that , buying flashy lcd tv`s on credit cards and having kids they can`t afford to bring up properly

Lips

I listed my house in September at offers over £175k, as my agent advised that £200k - £205k was achievable.

After almost four weeks and no offers, I went to a fixed price of £198k (agent was back-peddling by this point and starting to suggest that anything over £190k should be considered.)

A week later, I did a viewing with a couple, who were both almost wetting themselves with excitement at the house and giving off major buying signals. I knew straight away they were buyers. They immediately offered £195k subject to survey but I held out for the asking price. The agent told me I was mad, the couple were going to walk, I should absolutely take their offer, but I held out because, unlike the agent, I had actually qualified the couple and I knew how much they wanted the house.

The next day they offered the asking price. The house surveyed fine, and the deal was done and dusted in 4 weeks. All parties happy.

According to nethouseprices.com I have exceeded the ceiling price for the estate by some £10k. Do I think I was unbelievably lucky? Absolutely.
Would I have taken £190k from someone who hadn't shown their hand and looked super-keen? Probably.

It's not all good news and rejoicing, though. Last month, I viewed a house priced at offers over £159k. I checked nethouseprices.com and saw that the vendors had purchased the house two years ago for £140k. There had only been one other subsequent sale in the street since then, and it was £149k (last March). The vendors had completely re-decorated and floored the house, which was in walk-in condition, so I pitched in an offer of £172k, which I was half-thinking was mental. It was rejected immediately, but I was quietly confident that I could hold out and they'd eventually come back to me. After all, I was a chain-free buyer with the money in the bank to move immediately. However, the next day the house sold for £185k. I felt like I'd been spanked.

It seems that, here in Scotland, the market is still fairly robust, even given the time of year.


- Lips

ruggedtoast

wii_man1 wrote: »

my personality has nothing to do with the arguement i am a business man sell high buy cheap that is the economics of the world sadly, if purchasers are so desperate to put themselves it to debt to the tune of hundreds of thousands of pounds for a home they can barely afford more fool them, i have no sympathy at all , people are in charge of their own destiny when are they going to realise that , buying flashy lcd tv`s on credit cards and having kids they can`t afford to bring up properly

If your personality has nothing to do with it then you can surely turn off the self righteous indignation. To be honest you and your ilk contribute the sum total of nothing to civilisation except hopefully, the eventual understanding that parasitical property flippers should be legislated out of existence.