We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Another what to offer (splitting up couple!)
TBeckett100
Posts: 4,732 Forumite
going to look at a house tomorrow which I must say ticks all the boxes and would be a serious consideration. its on at 210k, reduced from 230k
i thought of starting at 190 hoping to get it for 200k, what are your thoughts?
i thought of starting at 190 hoping to get it for 200k, what are your thoughts?
0
Comments
-
They do say if you're not embarrassed by your offer you've offered too much.
What it was on for, how much it has been reduced by, what it is on for now are all arbitrary figures.
I presume you've compared it to other similar properties
I presume you've compared it to everything else you've seen
I presum you've checked land registry to see how much other houses have sold for over the last 2 years
Then offer what it's worth to you.
There really isn't a science to this. You've no idea how much they owe, how desperate they are to move on, how positivie/negative they feel about their chances of selling at that price, how many others are interested or might become interested or what their personal and financial situations are.
I'm not being very helpful am I
0 -
i am looking at 7 houses tomorrow, since this has been on the market since November, i would hope for a deal0
-
am looking at 7 houses tomorrow
Take a camera with you as you will suffer from information overload!0 -
It's best to offer as little as possible so you can benefit most from increasing their misery and pushing them into unmanagable debt.
As a benefit, you'll be buying an overpriced asset at the peak of a bubble and taking on unmanagable debt yourself.
So hugs all round, you're all f*cked.Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.0 -
That wasn't, I should add, in any way intended as slight towards the poster, it was intended to point out that the current housing market is hurting everyone.Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.0
-
It's best to offer as little as possible so you can benefit most from increasing their misery and pushing them into unmanagable debt.
As a benefit, you'll be buying an overpriced asset at the peak of a bubble and taking on unmanagable debt yourself.
So hugs all round, you're all f*cked.
Don't be mean.0 -
Don't be mean.
I wasn't, in fact I was being very nice... I didn't lower the tone by saying that the OP is a stupid gormless idiot for buying at the peak of a boom when anyone with a brain would be sitting on their cash and buying after the crash rather than buying now and falling into negative equity in a matter of months.
There's also a little advice for the OP in that denial somewhere...Bankruptcy isn't the worst that can happen to you. The worst that can happen is your forced to live the rest of your life in abject poverty trying to repay the debts.0 -
I wasn't, in fact I was being very nice... I didn't lower the tone by saying that the OP is a stupid gormless idiot for buying at the peak of a boom when anyone with a brain would be sitting on their cash and buying after the crash rather than buying now and falling into negative equity in a matter of months.
There's also a little advice for the OP in that denial somewhere...
How do you know for sure?
Do you know his situation? What makes you so all knowing what the market is going to do for the property that he is going to buy? Have you seen it?
You presume too much me thinks0 -
How do you know for sure?
Do you know his situation? What makes you so all knowing what the market is going to do for the property that he is going to buy?
He seems to be aware of cyclic markets and the obvious impending recession/credit crunch/house price massacre.
We are all screwed.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards