James
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Registered: 1st Jun 02
Location: Surrey
User status: Offline
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Not really looking to purchase any time soon until the market has calmed down a bit.
But i've just seen a place up at £185k.....how much do people think could be a good offer to go in at in the current climate?
You reckon 10% under the asking price is taking the piss a bit?
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Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
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If you don't ask, you don't get.
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AndyKent
Member
Registered: 3rd Sep 05
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If you really want a bargain, bung one in at 15% under - can only say no can't they.
But, I'd not be making any offers at the moment - this situation is only going to get worse and you'd be buying before the market hit rock bottom.
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Colin
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Registered: 4th Apr 02
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Why wait until the markets calmed down?? If your not in a chain & have cash your laughing just now!!!
As for offers it works differently in scotland but I dont see why not to offer 10% less, its very much a buyers market. Mortgage approvals are down like from hundreds of thousands a month to 20k or something daft. If someone needs to sell they'll take any decent offer going!!
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James
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Registered: 1st Jun 02
Location: Surrey
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Well I think i'm going to wait a bit as i'm 99% sure house prices are going to keep dropping. The same house might be up for £170k in 6 months!
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Aaron
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Registered: 9th Aug 04
Location: Cottingham, East Riding
User status: Offline
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quote:
Originally posted by James
The same house might be up for £170k in 6 months!
It might get bought in the mean time too 
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James
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Registered: 1st Jun 02
Location: Surrey
User status: Offline
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Well yeah it probably will, but I didn't mean the same actual house, I just meant a similar size and location house.
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daymoon
Premium Member
Registered: 1st Aug 08
Location: Selby, North Yorkshire
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look up how much other houses in the area were sold for..
www.upmystreet.com
and offer lower than lowest price similar house was sold for.
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AndyKent
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Registered: 3rd Sep 05
User status: Offline
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quote:
Originally posted by Colin
Why wait until the markets calmed down?? If your not in a chain & have cash your laughing just now!!!
I didn't say calmed down, I said hit rock bottom 
By the sound of it, if he misses out on buying he'll not be that bothered, if he does buy it needs to be a real bargain - no point buying while prices are still falling is there......
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RichR
Premium Member
Registered: 17th Oct 01
Location: Waterhouses, Staffordshire
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I went in 20% under and settled at 15% under iirc, That was before the "Credit Crunch"; everyone said I was a twat for trying at 20% but at the end of the day if you don't ask you don't get
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stubbsy05
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Registered: 23rd Oct 02
User status: Offline
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If your buying it to live in long term then just go for it. House prices will eventually go back up
I'd offer 15-20% below asking if your in a position to proceed.
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Colin
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Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by aPk
quote:
Originally posted by Colin
Why wait until the markets calmed down?? If your not in a chain & have cash your laughing just now!!!
I didn't say calmed down
Hi, I was focusing my post towards the OP not you.
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Colin
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Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by James
Well I think i'm going to wait a bit as i'm 99% sure house prices are going to keep dropping. The same house might be up for £170k in 6 months!
It might do, or people might just stay where they are & not try to sell at all I know I would also banks have now stepped in to help avoid repo's aswell so there soon might not be as much as that going on as you'd have thought!
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luke85
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Registered: 26th Nov 07
Location: Chesterfield
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An offer of 150K isnt unreasonable IMO, do you have property bee installed?
At least another 30% to go down with house prices from here Im afraid so either wait and rent or get in with a low offer
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VegasPhil
Premium Member
Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
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2010 will be the year to buy a bargain 
What sort of house you looking for? Bournemouth?
Corsa 2.0 16v Vegas - Sold
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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quote:
Originally posted by VegasPhil
2010 will be the year to buy a bargain
What sort of house you looking for? Bournemouth?
Nope - Surrey. Not enough well paying jobs down on the south coast 
Something exactly like this, but hopefully cheaper. Around £155k would be ideal.
http://www.findaproperty.com/displayprop.aspx?edid=00&salerent=0&pid=2991228
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VegasPhil
Premium Member
Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
User status: Offline
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ooo.... pricey over there.
Done much about your mortgage? 
Corsa 2.0 16v Vegas - Sold
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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Tell me about it.
Still saving @ the mo........would be easier if my car didn't keep going wrong 
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