House buying news...

[Mich the Tester]

I offered £5k less and it wasn't accepted, I am still 5% lower than their original asking price ...

a discount of nearly 5 whole pounds!

[AtW]

Gazunder them at the last minute by another £15K.

Put your stuff into storage now and live in a B&B, keep putting silly offers in, go to auctions etc.

You need to pick up a real bargain or be trapped in negative equity for a long long time....well until BoE prints another £1trn, so that could be weeks away......

Feck off - I am planning to order proper sofa even if I have to wait few months to get it delivered.

[DimPrawn]

House prices to fall 10% by 2013 | News | Mortgage Strategy
http://www.home.co.uk/asking_price_i...ndex_OCT11.pdf


Good luck AtW.

[AtW]

Good luck AtW.

Look, it's like this - I like the place and I would not mind to spend in it few more years whilst I pay off mortgage in full: nice quiet area, lots of pubs and female nurses who work for local hospital funded by Nu Liebor PPI, what's not to like?

[DimPrawn]

You'll be fine.

Just keep watching re-runs of Location Location Location from 2005 where Kirsty and Phil shout at everyone "property only ever goes up! Qweeeeek, this won't be on the market for long! What do you expect for £500K? A bedroom? Tut."

[AtW]

Tut.

[TimberWolf]

House prices to fall 10% by 2013 | News | Mortgage Strategy
http://www.home.co.uk/asking_price_i...ndex_OCT11.pdf


Good luck AtW.

Much more than a 10% fall in real terms though?

they suggest that housing is overvalued by up to 20% relative to historical norms.

Wtf, only 20%. But house prices have been going up and up in double digits for a decade. Or so it seems.

[centurian]

I offered £5k less and it wasn't accepted, I am still 5% lower than their original asking price ...

The agent probably told them to inflate the asking price by 10% to give them some bargaining space.

[TiroFijo]

The agent probably told them to inflate the asking price by 10% to give them some bargaining space.

In AtW case it was 50%...

[shaunbhoy]

Look, it's like this - I like the place and I would not mind to spend in it few more years whilst I pay off mortgage in full: nice quiet area, lots of pubs and female nurses who work for local hospital funded by Nu Liebor PPI, what's not to like?

It is still in Birmingham?

HTH