Cheeky offer?

inigma

MobileSaver said:

ReadySteadyPop said:

Herzlos said:

Interestingly, I've only seen one poster on here mention the property log extension, or gov yields (though you forgot to mention bonds?). 

That app and others get mentioned all the time, nearly all house buyers are using them now. 

Sorry but that's utter tosh. PropertyLog has been around for seven years and has something like 100,000 users. In the same timeframe there were around 7,000,000 property sales. You do the maths, only a relatively small number of buyers use such apps.

ReadySteadyPop said:

MobileSaver said:

Obviously there'll be a range of different sellers at any one time; some will be desperate and will bite your hands off even if taking a £40k haircut, some will compromise just so they can move on with their lives and some will be in no particular rush and wait as long as it takes to get top dollar. 

they are not guaranteed to get it, they may get less the longer they try to play the market and their buyers.

Agreed, that doesn't change the fact that as I said some will simply not sell if they can't get what they want.

I'm sure I must have posted before about my friend's dad having his house on the market for over ten years, wasting numerous buyer's time and money in the process. In that case the seller kept disappointing buyers because he couldn't find his perfect next property but the principle was the same; he was in no rush and was only going to sell on his terms, no-one else's.

Guess he wasn't behind on the payments at least, households are being stretched further and further.

inigma said:

Herzlos said:

inigma said:

Herzlos said:

inigma said:

MobileSaver said:

inigma said:

powerful_Rogue said:

Depends how much you love the property. 

When we viewed our current house we knew as soon as we walked in the door it was for us. Ticked all our boxes and more. We went straight it at asking price.

I'm holding on till next year or the year after when the flippers and landlords are desperate and you can offer a lower price.

One of the more infamous posters on this forum had the same idea and it backfired in spectacular fashion. 

Instead of their predicted property crash, fifteen years on they're still renting a flat and paying their landlord's mortgage while prices are now 66% higher than they were then...

Oh dear, well I got my property in 2011 for £170k and they wanted £240k.  Mortgage free for a couple of years now.  Like I said there is a lot lining up for prices to fall, unemployment rising, government debt rising...

... affordability checks tighting, banks being less likely to lend, etc. 

A drop in house prices doesn't actually mean that houses will become more affordable to most people who need to get a mortgage. 

Yes, agree which is why I say smart money will be buying bargains when prices fall.

The trick is to buy at the bottom. 

But for those without psychic abiliity, it's probably better to just buy when you find one you like. 

at the moment putting your deposit in a 1 year makes more sense, it will increase in value for the spring when prices will lower.

Do you have the cash right now to buy your next property or will you need a mortgage or need to sell your existing property first? 

Trying to time the market is a mug's game. Of course some people might get lucky but you're more likely to be on the wrong side of any price changes. Similarly, if there is a downturn, all other things being equal it's the not so good properties that take a haircut while the better ones are more likely to simply wait it out until the market improves again.

Mortgage free, had a decent insurance payout and already have a tidy lump sum to buy another property, the area i am looking is seeing a lot of panicked HMO Landlords reducing their prices and struggling to sell, as mentioned a lot of flippers reducing too.  E.surv stats out today say house prices are down 2.8% year on year, like i said I will start looking in 6 months or so, let those flippers sweat it out a bit more and see if they drop their prices a bit more.  Who knows maybe the BOE will strap on a pair and raise rates to flight the inflation problem we have had for 3 years that hasn't gone away.

inigma

From esurv

Month	Year	Property Price	Index	Monthly % change	Annual % change
Aug	2024	£363,131	371.2	0.60%	-0.60%
Sep	2024	£366,359	374.5	0.90%	-0.20%
Oct	2024	£367,951	376.1	0.40%	0.20%
Nov	2024	£367,142	375.3	-0.20%	0.40%
Dec	2024	£367,603	375.7	0.10%	0.40%
Jan	2025	£369,329	377.5	0.50%	0.90%
Feb	2025	£370,934	379.2	0.40%	1.00%
Mar	2025	£366,668	374.8	-1.20%	0.70%
Apr	2025	£362,463	370.5	-1.10%	-0.50%
May	2025	£356,830	364.7	-1.60%	-1.60%
Jun	2025	£354,911	362.8	-0.50%	-2.10%
Jul	2025	£352,942	360.8	-0.60%	-2.20%
Aug	2025	£352,930	360.7	0.00%	-2.80%

MobileSaver

inigma said:

MobileSaver said:

I'm sure I must have posted before about my friend's dad having his house on the market for over ten years, wasting numerous buyer's time and money in the process. In that case the seller kept disappointing buyers because he couldn't find his perfect next property but the principle was the same; he was in no rush and was only going to sell on his terms, no-one else's.

Guess he wasn't behind on the payments at least, 

Correct, as with most homeowners in the UK, he was mortgage-free so little pressure to sell.

inigma said:

inigma said:

Herzlos said:

But for those without psychic abiliity, it's probably better to just buy when you find one you like. 

at the moment putting your deposit in a 1 year makes more sense, it will increase in value for the spring when prices will lower.

Do you have the cash right now to buy your next property or will you need a mortgage or need to sell your existing property first? 

Mortgage free, had a decent insurance payout and already have a tidy lump sum to buy another property, the area i am looking is seeing a lot of panicked HMO Landlords reducing their prices and struggling to sell, as mentioned a lot of flippers reducing too.  

You talk about smart money and quote Warren Buffet, are you buying a home or an investment as the pricing strategy is obviously very different?

You don't actually clarify whether you'll need to sell your existing property first but regardless it sounds like you're talking about the lower end of the market so yes you could get lucky as that's typically where the bargains are to be had.

Albermarle

inigma said:

From esurv

Month	Year	Property Price	Index	Monthly % change	Annual % change
Aug	2024	£363,131	371.2	0.60%	-0.60%
Sep	2024	£366,359	374.5	0.90%	-0.20%
Oct	2024	£367,951	376.1	0.40%	0.20%
Nov	2024	£367,142	375.3	-0.20%	0.40%
Dec	2024	£367,603	375.7	0.10%	0.40%
Jan	2025	£369,329	377.5	0.50%	0.90%
Feb	2025	£370,934	379.2	0.40%	1.00%
Mar	2025	£366,668	374.8	-1.20%	0.70%
Apr	2025	£362,463	370.5	-1.10%	-0.50%
May	2025	£356,830	364.7	-1.60%	-1.60%
Jun	2025	£354,911	362.8	-0.50%	-2.10%
Jul	2025	£352,942	360.8	-0.60%	-2.20%
Aug	2025	£352,930	360.7	0.00%	-2.80%

According to the Land Registry figures, house prices were 3.7% up in the 12 months to June 2025.

Herzlos

inigma said:

Mortgage free, had a decent insurance payout and already have a tidy lump sum to buy another property

You appreciate that puts you in a relatively niche position, so your advice won't apply to most people on here?

ReadySteadyPop

MobileSaver said:

ReadySteadyPop said:

Herzlos said:

Interestingly, I've only seen one poster on here mention the property log extension, or gov yields (though you forgot to mention bonds?). 

That app and others get mentioned all the time, nearly all house buyers are using them now. 

Sorry but that's utter tosh. PropertyLog has been around for seven years and has something like 100,000 users. In the same timeframe there were around 7,000,000 property sales. You do the maths, only a relatively small number of buyers use such apps.

ReadySteadyPop said:

MobileSaver said:

Obviously there'll be a range of different sellers at any one time; some will be desperate and will bite your hands off even if taking a £40k haircut, some will compromise just so they can move on with their lives and some will be in no particular rush and wait as long as it takes to get top dollar. 

they are not guaranteed to get it, they may get less the longer they try to play the market and their buyers.

Agreed, that doesn't change the fact that as I said some will simply not sell if they can't get what they want.

I'm sure I must have posted before about my friend's dad having his house on the market for over ten years, wasting numerous buyer's time and money in the process. In that case the seller kept disappointing buyers because he couldn't find his perfect next property but the principle was the same; he was in no rush and was only going to sell on his terms, no-one else's.

There are many more than just one app to track price drops now, do you know how many people use all the other apps? Bit of a stretch don`t you think that in the smartphone era only 100,000 people out of 7 million sales knew about simple apps that can save them money on a house?

The average person selling, and that is "The Market" isn`t going to be able to play around for ten years if they have divorced or have a job to move to etc.? Your example has no bearing on the market for most people at all.

ReadySteadyPop

inigma said:

MobileSaver said:

ReadySteadyPop said:

Herzlos said:

Interestingly, I've only seen one poster on here mention the property log extension, or gov yields (though you forgot to mention bonds?). 

That app and others get mentioned all the time, nearly all house buyers are using them now. 

Sorry but that's utter tosh. PropertyLog has been around for seven years and has something like 100,000 users. In the same timeframe there were around 7,000,000 property sales. You do the maths, only a relatively small number of buyers use such apps.

ReadySteadyPop said:

MobileSaver said:

Obviously there'll be a range of different sellers at any one time; some will be desperate and will bite your hands off even if taking a £40k haircut, some will compromise just so they can move on with their lives and some will be in no particular rush and wait as long as it takes to get top dollar. 

they are not guaranteed to get it, they may get less the longer they try to play the market and their buyers.

Agreed, that doesn't change the fact that as I said some will simply not sell if they can't get what they want.

I'm sure I must have posted before about my friend's dad having his house on the market for over ten years, wasting numerous buyer's time and money in the process. In that case the seller kept disappointing buyers because he couldn't find his perfect next property but the principle was the same; he was in no rush and was only going to sell on his terms, no-one else's.

Guess he wasn't behind on the payments at least, households are being stretched further and further.

inigma said:

Herzlos said:

inigma said:

Herzlos said:

inigma said:

MobileSaver said:

inigma said:

powerful_Rogue said:

Depends how much you love the property. 

When we viewed our current house we knew as soon as we walked in the door it was for us. Ticked all our boxes and more. We went straight it at asking price.

I'm holding on till next year or the year after when the flippers and landlords are desperate and you can offer a lower price.

One of the more infamous posters on this forum had the same idea and it backfired in spectacular fashion. 

Instead of their predicted property crash, fifteen years on they're still renting a flat and paying their landlord's mortgage while prices are now 66% higher than they were then...

Oh dear, well I got my property in 2011 for £170k and they wanted £240k.  Mortgage free for a couple of years now.  Like I said there is a lot lining up for prices to fall, unemployment rising, government debt rising...

... affordability checks tighting, banks being less likely to lend, etc. 

A drop in house prices doesn't actually mean that houses will become more affordable to most people who need to get a mortgage. 

Yes, agree which is why I say smart money will be buying bargains when prices fall.

The trick is to buy at the bottom. 

But for those without psychic abiliity, it's probably better to just buy when you find one you like. 

at the moment putting your deposit in a 1 year makes more sense, it will increase in value for the spring when prices will lower.

Do you have the cash right now to buy your next property or will you need a mortgage or need to sell your existing property first? 

Trying to time the market is a mug's game. Of course some people might get lucky but you're more likely to be on the wrong side of any price changes. Similarly, if there is a downturn, all other things being equal it's the not so good properties that take a haircut while the better ones are more likely to simply wait it out until the market improves again.

Mortgage free, had a decent insurance payout and already have a tidy lump sum to buy another property, the area i am looking is seeing a lot of panicked HMO Landlords reducing their prices and struggling to sell, as mentioned a lot of flippers reducing too.  E.surv stats out today say house prices are down 2.8% year on year, like i said I will start looking in 6 months or so, let those flippers sweat it out a bit more and see if they drop their prices a bit more.  Who knows maybe the BOE will strap on a pair and raise rates to flight the inflation problem we have had for 3 years that hasn't gone away.

I think the BOE being forced to raise rates is definitely something to consider for people looking to take on big debt, if it happened a lot of those landlords trying to sell would be stuck as well.

MobileSaver

ReadySteadyPop said:

MobileSaver said:

ReadySteadyPop said:

Herzlos said:

Interestingly, I've only seen one poster on here mention the property log extension, or gov yields (though you forgot to mention bonds?). 

That app and others get mentioned all the time, nearly all house buyers are using them now. 

Sorry but that's utter tosh. PropertyLog has been around for seven years and has something like 100,000 users. In the same timeframe there were around 7,000,000 property sales. You do the maths, only a relatively small number of buyers use such apps.

There are many more than just one app to track price drops now, do you know how many people use all the other apps? Bit of a stretch don`t you think that in the smartphone era only 100,000 people out of 7 million sales knew about simple apps that can save them money on a house? 

So which UK house price change apps have millions of users that would support your claim that nearly all house buyers are using them now?

Of course that's a rhetorical question as the answer is there aren't any.

ReadySteadyPop said:

The average person selling, and that is "The Market" isn`t going to be able to play around for ten years if they have divorced or have a job to move to etc.? Your example has no bearing on the market for most people at all.

It's a good job I didn't refer to the "average person" or "most people" then isn't it? 

As I made crystal clear my example was of one person who firmly falls into the obviously not unique "no rush and was only going to sell on his terms" category of seller.

MeteredOut

ReadySteadyPop said:

inigma said:

MobileSaver said:

ReadySteadyPop said:

Herzlos said:

Interestingly, I've only seen one poster on here mention the property log extension, or gov yields (though you forgot to mention bonds?). 

That app and others get mentioned all the time, nearly all house buyers are using them now. 

Sorry but that's utter tosh. PropertyLog has been around for seven years and has something like 100,000 users. In the same timeframe there were around 7,000,000 property sales. You do the maths, only a relatively small number of buyers use such apps.

ReadySteadyPop said:

MobileSaver said:

Obviously there'll be a range of different sellers at any one time; some will be desperate and will bite your hands off even if taking a £40k haircut, some will compromise just so they can move on with their lives and some will be in no particular rush and wait as long as it takes to get top dollar. 

they are not guaranteed to get it, they may get less the longer they try to play the market and their buyers.

Agreed, that doesn't change the fact that as I said some will simply not sell if they can't get what they want.

I'm sure I must have posted before about my friend's dad having his house on the market for over ten years, wasting numerous buyer's time and money in the process. In that case the seller kept disappointing buyers because he couldn't find his perfect next property but the principle was the same; he was in no rush and was only going to sell on his terms, no-one else's.

Guess he wasn't behind on the payments at least, households are being stretched further and further.

inigma said:

Herzlos said:

inigma said:

Herzlos said:

inigma said:

MobileSaver said:

inigma said:

powerful_Rogue said:

Depends how much you love the property. 

When we viewed our current house we knew as soon as we walked in the door it was for us. Ticked all our boxes and more. We went straight it at asking price.

I'm holding on till next year or the year after when the flippers and landlords are desperate and you can offer a lower price.

One of the more infamous posters on this forum had the same idea and it backfired in spectacular fashion. 

Instead of their predicted property crash, fifteen years on they're still renting a flat and paying their landlord's mortgage while prices are now 66% higher than they were then...

Oh dear, well I got my property in 2011 for £170k and they wanted £240k.  Mortgage free for a couple of years now.  Like I said there is a lot lining up for prices to fall, unemployment rising, government debt rising...

... affordability checks tighting, banks being less likely to lend, etc. 

A drop in house prices doesn't actually mean that houses will become more affordable to most people who need to get a mortgage. 

Yes, agree which is why I say smart money will be buying bargains when prices fall.

The trick is to buy at the bottom. 

But for those without psychic abiliity, it's probably better to just buy when you find one you like. 

at the moment putting your deposit in a 1 year makes more sense, it will increase in value for the spring when prices will lower.

Do you have the cash right now to buy your next property or will you need a mortgage or need to sell your existing property first? 

Trying to time the market is a mug's game. Of course some people might get lucky but you're more likely to be on the wrong side of any price changes. Similarly, if there is a downturn, all other things being equal it's the not so good properties that take a haircut while the better ones are more likely to simply wait it out until the market improves again.

Mortgage free, had a decent insurance payout and already have a tidy lump sum to buy another property, the area i am looking is seeing a lot of panicked HMO Landlords reducing their prices and struggling to sell, as mentioned a lot of flippers reducing too.  E.surv stats out today say house prices are down 2.8% year on year, like i said I will start looking in 6 months or so, let those flippers sweat it out a bit more and see if they drop their prices a bit more.  Who knows maybe the BOE will strap on a pair and raise rates to flight the inflation problem we have had for 3 years that hasn't gone away.

I think the BOE being forced to raise rates is definitely something to consider for people looking to take on big debt, if it happened a lot of those landlords trying to sell would be stuck as well.

Who or what is going to "force" the BOE to raise rates?

Herzlos

Sheer CrashyTime willpower. 

Rates are dropping after a high and he's still adamant they are going to go up.