Help with offering on property

ReadySteadyPop

GDB2222 said:

ReadySteadyPop said:

ReadingTim said:

ReadySteadyPop said:
 

I think it suggests that they are overpriced and out of touch with market reality, and like a lot of sellers stuck in the mindset that they MUST make a profit and are entitled to re-coup money spent on "having work done", neither of these expectations are realistic in this market.

https://propertyindustryeye.com/uk-house-price-currently-out-of-sync-with-economic-reality-as-budget-cracks-start-to-appear/

You can think what you like about the seller and their view of the market and their property's value, but if you want to buy their house then you're going to have to come to a deal with them, whether you like it or not.  

The OP needs to decide if he or she wants to buy an actual house, or "win" a partly imaginary game.  

The "game" is not imaginary, we are dealing with very powerful forces in debt/credit markets that dictate borrowing/spending power for most people, any way we look at this I`m afraid the seller is out of touch with the market, they won`t get the price they paid for the house if the OP backs out in my opinion, and the OP is absolutely correct to trust their innate sense about overpaying.

https://www.ft.com/content/6b9daf91-1968-4d14-8de0-7857229ef688

Way past Truss levels and no big fanfare in the media that I can see? Strange world we live in.

That's not relevant to the OP. He wants to buy the property, but he just doesn't want to pay more than he has to. 

It is relevant because they have already said they are anxious about overpaying, and I suspect these latest developments will make them consider a much lower offer (as they should)