How far will house prices fall [volume 4]
Discussion
That's all a bit clumsy, isn't it - why not just tell you it's sold?
We had people call us directly having got our contact details from neighbours and complain they'd offered more but the EA was refusing to pass on offers saying the house was sold. However in each case they weren't ready to proceed. It was bought cash by a local building family who snap up everything that's right for them.
We had people call us directly having got our contact details from neighbours and complain they'd offered more but the EA was refusing to pass on offers saying the house was sold. However in each case they weren't ready to proceed. It was bought cash by a local building family who snap up everything that's right for them.
House pricing around my local area is causing me a real headache at the moment, we sold our little 3 bed semi 2 months ago and are nearing completion but there is nothing to buy, there are 2 half decent houses in a 50K price range in a 1 mile radius and both of them have refused offers of around 96 - 97% of asking price. According to all the local EA's we have viewed with, buyers who actually have a good chance of proceeding are scarce, a lot of sales seem to be falling through with houses returning to market in less than a month from a deal being agreed.
Why are the houses i want to buy owned by retards......If i had a can of red bull i could throw it into orbit i'm so frustrated.
Why are the houses i want to buy owned by retards......If i had a can of red bull i could throw it into orbit i'm so frustrated.
pat_y said:
Why are the houses i want to buy owned by retards......If i had a can of red bull i could throw it into orbit i'm so frustrated.
They don't need to sell and want more money or their house? Doesn't make them a retard - if anything they have managed to obtain a property that you want to purchase! 
fido said:
pat_y said:
Why are the houses i want to buy owned by retards......If i had a can of red bull i could throw it into orbit i'm so frustrated.
They don't need to sell and want more money or their house? Doesn't make them a retard - if anything they have managed to obtain a property that you want to purchase! Yes they are still retards.
Sorry to be found gulity of beating the same drum over and over again. Every property and very vendor are different, each vendor has their own circumstance and attitude. As a company we try very hard to market properties at realistic asking prices. Other agents take the view of either voluntarily or under presure from the vendor marketing at high prices expecting to be knocked down. Guess what? Those houses aren't attractive to the market and for various reasons don't generate sufficient interest to solicit "good offers" and often stick around smelling badly. Thus, we sell a lot of houses at near, bang on or above the advertised "price".
I have no problem whatsoever with a vendor declining an offer only four or five per cent below the headline price if a better offer is warranted. Even at the asking price if the conditions are there to support it.
I really don't know why I read so frequently on this thread and other similar threads that somehow all asking prices should be treated as if they were 110% or higher of any true value.
Incidentally on that point I was interested in the recent "how much did you pay for your house?" thread that seemed to indicate most people paid very close to the asking price. Obviously the odd goattee wearer knocked 'em 'til they bled, but most didn't.
I have no problem whatsoever with a vendor declining an offer only four or five per cent below the headline price if a better offer is warranted. Even at the asking price if the conditions are there to support it.
I really don't know why I read so frequently on this thread and other similar threads that somehow all asking prices should be treated as if they were 110% or higher of any true value.
Incidentally on that point I was interested in the recent "how much did you pay for your house?" thread that seemed to indicate most people paid very close to the asking price. Obviously the odd goattee wearer knocked 'em 'til they bled, but most didn't.
anonymous said:
[redacted]
As ever, I'm left wondering where all these "sold it to mate for a braan envelope o' cash" agenices are. I know I've never been involved in a dodgy deal and I don't remember knowing of one either. I'm sure they happen, though.I'm doing this job wrong (as my boss keeps telling me).
scenario8 said:
I'm doing this job wrong (as my boss keeps telling me).
We know it happens and they don't advertise it when it happens. It might not be to a cousin or their mate, but heck you must be naive to think that agents always works for the seller. I think most of the time they do, but ultimately it's for their own commision. This is more an observation that a criticism. Edited by fido on Thursday 8th November 17:28
scenario8 said:
As ever, I'm left wondering where all these "sold it to mate for a braan envelope o' cash" agenices are. I know I've never been involved in a dodgy deal and I don't remember knowing of one either.
A few years ago: http://www.standard.co.uk/news/rogue-agent-caught-...Deva Link said:
scenario8 said:
As ever, I'm left wondering where all these "sold it to mate for a braan envelope o' cash" agenices are. I know I've never been involved in a dodgy deal and I don't remember knowing of one either.
A few years ago: http://www.standard.co.uk/news/rogue-agent-caught-...Scenario8 said:
As ever, I'm left wondering where all these "sold it to mate for a braan envelope o' cash" agenices are. I know I've never been involved in a dodgy deal and I don't remember knowing of one either. I'm sure they happen, though.
To quote myself fully. I'm not naive to think these things don't go on. I was just trying to remind people that in the vast majority of transactions nothing particularly untoward happens. (General unprofessionalism from all parties - to include agents, buyers, sellers and solicitors - notwithstanding). As I said above I've never known of a deal like this myself. Tonker's example was from some years ago and that link was first printed in 2004. Maybe if I were to supply my own manilla envelopes..?
Deva Link said:
pat_y said:
... a lot of sales seem to be falling through with houses returning to market in less than a month from a deal being agreed.
Any idea why they're falling through?Round here (New Forest area) we tend to have low population migration, people stay local so this builds housing sale chains in the local area, when a chain fails you tend to see more than 1 house return to the market at the same time. I guess this is partly why we seem to have such a high local return to market rate.
scenario8 said:
Sorry to be found gulity of beating the same drum over and over again. Every property and very vendor are different, each vendor has their own circumstance and attitude. As a company we try very hard to market properties at realistic asking prices. Other agents take the view of either voluntarily or under presure from the vendor marketing at high prices expecting to be knocked down. Guess what? Those houses aren't attractive to the market and for various reasons don't generate sufficient interest to solicit "good offers" and often stick around smelling badly. Thus, we sell a lot of houses at near, bang on or above the advertised "price".
I have no problem whatsoever with a vendor declining an offer only four or five per cent below the headline price if a better offer is warranted. Even at the asking price if the conditions are there to support it.
I really don't know why I read so frequently on this thread and other similar threads that somehow all asking prices should be treated as if they were 110% or higher of any true value.
Incidentally on that point I was interested in the recent "how much did you pay for your house?" thread that seemed to indicate most people paid very close to the asking price. Obviously the odd goattee wearer knocked 'em 'til they bled, but most didn't.
i must admit to being quite suprised you sell many at 'above advertised price'. It must be like running a Range Rover dealership in Cheshire around your office I have no problem whatsoever with a vendor declining an offer only four or five per cent below the headline price if a better offer is warranted. Even at the asking price if the conditions are there to support it.
I really don't know why I read so frequently on this thread and other similar threads that somehow all asking prices should be treated as if they were 110% or higher of any true value.
Incidentally on that point I was interested in the recent "how much did you pay for your house?" thread that seemed to indicate most people paid very close to the asking price. Obviously the odd goattee wearer knocked 'em 'til they bled, but most didn't.
While i understand your point about the balance between realistic asking prices and real selling prices, it just seems to be a national trait and and expected practice in my brief and limited experience that the asking price is rarely met. I suppose it's all about local market tolerance, some high demand areas it will happen.
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff