Rightmove -0.8%

pickles110564

beingjdc wrote: »

It is great news for buy-to-let investors.

See my previous post, loads of cash to reinvest when your huge crash happens, great i will buy three for this one I have sold.
Oh dear us poor BTL investors:rolleyes:

bigjoe

pickles110564 wrote: »

Put one of my one bed clipper's on market on friday, just had full asking price offer.
If it goes through £45K profit for two years renting out.
Not bad little earner worth putting up with a couple of lying lazy tenants.:rotfl:

You are da man! :rotfl:

tr3mor

merlinthehappypig wrote: »

Try convincing some of the sellers of houses we have been trying to get down in price.

It takes seconds to convince someone that their house has doubled in value. It takes months, maybe years, to convince them it has dropped by a couple of thousand!

:rolleyes:

Hoario54

pickles110564 wrote: »

...If it goes through...

:rolleyes:

Nenen

merlinthehappypig wrote: »

Try convincing some of the sellers of houses we have been trying to get down in price.

You would think prices were rocketing upwards the way some people have been approaching the price and possible completion dates. It's not as if buyers are queuing up.

It's certainly sorting out the serious sellers from those just playing around. Sadly we seem to be trying to negotiate with all the idiots.

Us too Merlin! We saw a house we thought was OK on Saturday... not wonderful mind you as its downsides included: built on an incline so back garden and front drive all slope; it is a semi but has no side access and the room layouts are slightly unusual... but enough space for our family and in a fairly nice area (although not the best by any means).

This house has been on the market for at least 3 or 4 months (probably a lot longer but I'm losing track) so it didn't make anything acceptably near asking price when prices were higher and the outlook more positive! It is advertised at £298,00 and we offered 248K (about 18% below asking price). Obviously, we're trying to get it for under 250K to save ourselves another 5K stamp duty! EA rang this morning and I put the offer forward (I'd sat on my hands hoping he'd ring me as I didn't want to look too keen). He's just rang back (couple of hours later) to say offer has been rejected and they are looking for 'nearer the asking price'. Wouldn't be more specific! I said I'd speak to my dh and get back to him.

Now.. do I ring back with an increased offer this afternoon or wait until tomorrow to up my offer? Is it worth me offering 250K or will an increase of just 2K make them irritated?

We saw another house we didn't like nearly as much, particularly as the village (while lovely) makes my dh's journeys to work much longer. However, this house was on at 268K and I know the vendor is desperate to sell (their sale fell through recently and they have bought a house in Spain already and desperate to move there asap). This 2nd house is smaller (2 less rooms too) but has some potential to improve/extend etc. I'm thinking about offering 220K on this one (18% below asking price). However, my dilema is, should I wait to offer on this one until after I have increased my offer on the first one? I have already told the 2nd EA that we are offering on one and, should this offer not be accepted, we will offer on this one. It would make it so much easier if I had 'fallen in love' with either of them but, to be honest, they are both simply OK in my eyes... but then maybe I am being unrealistic in my requirements given our finances! *sigh*

The third option I know is to wait in the hope that prices will drop... but (a) I'm fed up of being in limbo and (b) I'm frightened that is never going to happen and I'm putting my life on hold for nothing!

merlinthehappypig

Nenen wrote: »

Us too Merlin! We saw a house we thought was OK on Saturday... not wonderful mind you as its downsides included: built on an incline so back garden and front drive all slope; it is a semi but has no side access and the room layouts are slightly unusual... but enough space for our family and in a fairly nice area (although not the best by any means).

This house has been on the market for at least 3 or 4 months (probably a lot longer but I'm losing track) so it didn't make anything acceptably near asking price when prices were higher and the outlook more positive! It is advertised at £298,00 and we offered 248K (about 18% below asking price). Obviously, we're trying to get it for under 250K to save ourselves another 5K stamp duty! EA rang this morning and I put the offer forward (I'd sat on my hands hoping he'd ring me as I didn't want to look too keen). He's just rang back (couple of hours later) to say offer has been rejected and they are looking for 'nearer the asking price'. Wouldn't be more specific! I said I'd speak to my dh and get back to him.

Now.. do I ring back with an increased offer this afternoon or wait until tomorrow to up my offer? Is it worth me offering 250K or will an increase of just 2K make them irritated?

We saw another house we didn't like nearly as much, particularly as the village (while lovely) makes my dh's journeys to work much longer. However, this house was on at 268K and I know the vendor is desperate to sell (their sale fell through recently and they have bought a house in Spain already and desperate to move there asap). This 2nd house is smaller (2 less rooms too) but has some potential to improve/extend etc. I'm thinking about offering 220K on this one (18% below asking price). However, my dilema is, should I wait to offer on this one until after I have increased my offer on the first one? I have already told the 2nd EA that we are offering on one and, should this offer not be accepted, we will offer on this one. It would make it so much easier if I had 'fallen in love' with either of them but, to be honest, they are both simply OK in my eyes... but then maybe I am being unrealistic in my requirements given our finances! *sigh*

The third option I know is to wait in the hope that prices will drop... but (a) I'm fed up of being in limbo and (b) I'm frightened that is never going to happen and I'm putting my life on hold for nothing!

That's exactly where we are. Word for word almost!

I have one woman sticking out for £450000 on an asking price of.......£450000 and she 'can't possibly make a completion date of mid-April' as' she has no-where to go'.

Another couple of pillocks have rejected an offer of 5% under the asking price and won't give us a figure, just want 'nearer the asking price'.

Gut feeling is to tell them both to get stuffed, but when you have looked for as long and as hard as we (both) have, the thought of starting again is so stressful.

To compound matter the agents for the sellers of houses we aren't as keen on seem to be ringing daily with reduced prices!

Sisyphus

``Further cuts in interest rates are critical to continued
improvements in affordability and the recovery of the housing
market from a difficult year-end position,'' Rightmove said in
an e-mailed statement.

This made me laugh out loud. In what way do falling house prices make them less affordable, the muppets!
I think a rate hike would make houses a damn sight more affordable than a rate cut and quickly.

jonewer

Nenen wrote: »

Now.. do I ring back with an increased offer this afternoon or wait until tomorrow to up my offer? Is it worth me offering 250K or will an increase of just 2K make them irritated?

Of course, you run a risk when you wait, but my advice would be to sweat them for a while. Definately dont offer again the same day, makes you look desperate.