House Price Dilema

Snooze

If he insists with going ahead with it, I personally think he should revise his offer 20% lower. The vendor can moan and grumble all they want, but it's fact that the market is on a downturn and if they don't like it then tough - find another buyer.

To be brutally honest, I think he should pull out altogether, save his deposit for a few years and then buy, because all the houses will be worth £2.50 then anyway.

2p..

Rob

mrstinchcombe

Tassotti wrote: »

Okay, not everybody, but a recession USUALLY isn't good for most people. It actually helps me in my main business...So Agreed

Are you Jeremey Kyle?

neverdespairgirl

chickmug wrote: »

Sorry but I never saw this except on the very rare occassion. On what basis do you feel it did happen?

I've seen it happen in WC1 several times. Gazumping is a well-known word!

chickmug

neverdespairgirl wrote: »

I've seen it happen in WC1 several times. Gazumping is a well-known word!

I guess it must be a regional thing because it really is something that has been only the odd time in the areas I have been involved. Midlands & South West. But London is a place of which I have no statistics.

brummybloke

is he buying it as a place to live in? to sleep, relax and set up his own space?

or is he looking to make loads of money in 3 months and move somewhere else?

if he is looking to buy to live in then i dont see a problem, he valued the house accordingly and out in his offer, the mortgage compny were happy also with the value.

i am tempted to put my house on the market and then wait for some muppet to try and offer 20% less, i dont need to sell and would purely be doing it to take the p1ss so i could then tell the 'buyer' what to do with their offer.

in fact i have some holiday coming up, i may do it and take photos of their reactions when i tell them to f off and dont come back.

maybe that will then make these people who make supposed 'cheeky' offers which are almost insulting to house owners have a proper think.

it is all from people desperate to get on the housing ladder, they bleet on about the morals of people buying up houses to let, yet think nothing of a family being repossessed just so they can get a house.

JF77

brummybloke

could be a problem with LTV when he comes to re-mortgage especially in the case of a 2 year fix (not sure what OP has in place)

and they talk about buyers being time wasters. You may not need to sell but the fact of the matter is IF YOU DID then accepting an offer up to 20% less after 6 months could become a reality but, hey lucky you for not needing to move but that does not give you the right to muck potential buyers about who are looking to make a very serious lifetime decision and don't want to get it wrong.

The house owner could make a proportionate offer on the house they want.

Ron2256

brummybloke wrote: »

i am tempted to put my house on the market and then wait for some muppet to try and offer 20% less, i dont need to sell and would purely be doing it to take the p1ss so i could then tell the 'buyer' what to do with their offer...

maybe that will then make these people who make supposed 'cheeky' offers which are almost insulting to house owners have a proper think.

I wonder who is the 'cheeky' one here.
Is it the buyer who put an offer at 20% less than 2007 asking price or is it the seller who want a 180% increase on the 1998 price.
I think I know which one is insulting and taking the 'p1ss'.
The house owners should have a 'proper think' imho.

Snooze

Ron2256 wrote: »

I wonder who is the 'cheeky' one here.
Is it the buyer who put an offer at 20% less than 2007 asking price or is it the seller who want a 180% increase on the 1998 price.
I think I know which one is insulting and taking the 'p1ss'.
The house owners should have a 'proper think' imho.

Ron, I'm glad you said that before I did! :T

Rob