Overpriced by £35K?

Running_Horse

Then your senses need fine tuning.

RoxieW

Excuse me! Maybe I was having a bit of a moan but I wasn't !!!!!ing! I admitted it was a cheeky offer but it was all we could afford. They might have accepted it - stranger things have happened. And while our offer was low, evidence suggests that the house if overpriced by a fair bit!

I agree with Rover - if no one wants to pay anything for the house, then the house isnt worth anything to the builder. Not that that would happen but if no one offers more than say 190K then surely thats what the house is worth? Otherwise whats the builder going to do? Let it sit empty forevermore?

I don't think I've antagonised the vendor? Why would they be offering other houses if they thought I was a time waster? Maybe not everyone takes offers as personally as you, Running Horse. Its not a slight on the vendor or the house - just a low offer reflecting what we can afford. Yes, the house was nice but there was nothing special about it. They're a million other new builds like it and if we cant find one at the price we can afford then we'll wait until we can afford it - simple.

Why turn it into such a battle?

boinging_2

Running_Horse wrote: »

It takes two to agree a contract. It is not valued at a rejected offer. It would not be worth a bag of magic beans if that was what I offered and they rejected it.

It does indeed, but it doesn't have to happen instantly. When have both parties in a sales negotiation ever started with their final offers. There is always a zone of agreement, which can also move a lot over time for either party.

If I was a builder and in 6 months no one met my original zone of agreement, the zone would get a little bigger as the cost of having an empty property starts to mount up.

space_rider

Hang on a year and I bet you`ll be able to get a bargain. On my new estate there are bargains to be add. unfortunately alot have been repossed because they were probably bought at inflated prices with 100% mortgages and now with no equity they can`t remortgage. For me, it would have to be a real bargain to buy brand new. My house is almost new and I bought it for 45,000 less than the first owner just over a year later..

Rover

RoxieW wrote: »

Why turn it into such a battle?

Because that's what buying and selling houses is currently. Vendors wanting yesterdays prices and buyers wanting tomorrows.
Surplus/distressed sellers will accelerate the inevitable. See my sig (again )

Rover

RoxieW wrote: »

Excuse me! Maybe I was having a bit of a moan but I wasn't !!!!!ing! I admitted it was a cheeky offer but it was all we could afford.

I have a friend who offered a 'cheeky amount' for the same genuine reasons as yourself. And guess what, he lives in it now - he moved about 3 months ago.

Builders are one of the more susceptible sellers at the moment. Others include inherited estates and those unfortunates who were extremely stretched by their expiring deals. Houses always have to be sold, irrespective of the market turmoil.

hearts

Rover wrote: »

Because that's what buying and selling houses is currently. Vendors wanting yesterdays prices and buyers wanting tomorrows.
Surplus/distressed sellers will accelerate the inevitable. See my sig (again )

You really make me laugh. ;-) Hope springs eternal as they say. There is no sign where I am of any crash, and from what I read I see no sign of a crash anywhere else. I see small falls in certain areas, mostly at the higher end of the market. I see some large falls on what were overpriced New Build flats. But other than that the market appears to be quite stable.

Good luck to you though. I hope you get what you are looking for. ;-)

Rover

hearts wrote: »

You really make me laugh. ;-)

I'm pleased I've brightened up your day. The economy needs people blessed with your outlook and acumen.

subjecttocontract

mr.broderick wrote: »

I have yet to see a new car customer drive their brand new car out of the showroom

I almost did !

My new Porsche was IN the showroom and was driven just outside by the sales executive (Porsche don't have salesmen) and the keys were then handed to me and I drove it away..........with a big smile on my face.

mr.broderick

subjecttocontract wrote: »

I almost did !

My new Porsche was IN the showroom and was driven just outside by the sales executive (Porsche don't have salesmen) and the keys were then handed to me and I drove it away..........with a big smile on my face.

Like I said i am still to see a new car customer drive their new car out of the showroom