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

rozeepozee

Biggie wrote: »

What ridicules answers to what was a very simple question from the OP.

These DooM Mongers are ruining this forum.

I have just accepted 6% below the asking price, I may have got slightly more if I had waited but I'm also purchasing another property chain free. So if my current property was sitting empty for a couple of months I would be back to square one so decided to accept.

When I originally posted the usual Doom Mongers were suggesting drop by 10%-15% now rather then chase the market down.

my advice is that research what sold in the summer for an equal house and expect to get slightly less because of the time of year and current market sentiment.

If you decide to hold out for a while then you may get closer to the asking price during the spring....

Also depends on which area and part of the country of course.

I don't have a property for sale but understand from the local estate agent that "nothing" is selling in my area (South Yorkshire). This compares significantly to last year when buyers could expect to get 10% plus on top of their asking price. This might sound like a stagnant market rather than a falling one but if nothing is selling, I'm assuming that in order to sell, those sellers are going to have to lower their asking price or accept a lower offer, no?

mr.broderick

rozeepozee wrote: »

I don't have a property for sale but understand from the local estate agent that "nothing" is selling in my area (South Yorkshire). This compares significantly to last year when buyers could expect to get 10% plus on top of their asking price. This might sound like a stagnant market rather than a falling one but if nothing is selling, I'm assuming that in order to sell, those sellers are going to have to lower their asking price or accept a lower offer, no?

Only the ones that have to sell.

martinbuckley

mr.broderick wrote: »

Only the ones that have to sell.

I thought that was the whole idea of putting your house up for sale - ie to SELL IT.

mr.broderick

martinbuckley wrote: »

I thought that was the whole idea of putting your house up for sale - ie to SELL IT.

Yeah you'd think so wouldn't you martin.

martinbuckley

LizzieandThomas wrote: »

I have taken on board everything that has been said, i appreciate all advice but i still wont be changing my mind. I will keep you all updated and hope for a better offer in new year. x

......Update?

yummy_mummy_of_3

Our house is up for sale at the moment. We put it up in september. Was valued 3 times at 120k we wanted a quick sale as it is vacant, so put it up for 112,950 expecting a near asking price offer. No such luck! we had an offer of 95K which we refused then 97,500 which we also refused not long ago, we are now worried about the fragile state of the market and are considering accepting the offer.

LizzieandThomas

Hi just to update i took an offer £4000 off the asking price from an investment buyer a couple of weeks ago.

BettiePage

LizzieandThomas wrote: »

Hi just to update i took an offer £4000 off the asking price from an investment buyer a couple of weeks ago.

Well done!..........................................................

500Triumph650

500Triumph650 wrote: »

I put my house on the market in May at £289,000. We had 4+ viewings per week but no offers. After 6 weeks or so we dropped to 279. The viewings dried up. First week of August we got a 267 offer and I said I was after 275. They came back with 272 and I accepted. The sale completes on the 11th of January.

I had the house valued and stressed 'quick sale price' last January. The EA said 275. We tried it a bit higher when we put it on because A: we didn't need a quick sale and B: the market was meant to have gone up.

We ended up taking 3 grand less than the quick sale price of last January. I live on the south coast near Christchurch. A nice area with the long range London commuter factor.

The conclusions that I draw are that the price stagnation has already happened where I live and it's downhill from now on. I am going into a rented place for a while and feel that I may well have sold at the peak.

Sorry for dragging up an old thread, But how silly do those offers look now:p

As for me, I'm feeling pretty smug. Particularly about that last line;)

The guy who bought my house holds the dubious title of 'owner of the most expensive house in Oakwood Avenue'. It's not a title he is in any danger of losing for at least 10 years :doh:

500Triumph650

LizzieandThomas wrote: »

Hi just to update i took an offer £4000 off the asking price from an investment buyer a couple of weeks ago.

An investment buyer:rotfl: There's a blast from the past!

I wonder how much they have lost so far.