Reply to: Asking prices...

[TimberWolf]

You can certainly get a big semi with garden or a house in the country, but living in a town or nice village is still expensive....

Oh-er.

[d000hg]

£250K in the north will get you 4-5 bedrooms and a large enough garden to keep a horse in

You can certainly get a big semi with garden or a house in the country, but living in a town or nice village is still expensive....

[DimPrawn]

What we have now: stalemate.
Until people have to sell as happened in the last recession.
45% fall in 3 years.

Banks won't reposses, so no one has to sell. Paying your mortgage is optional and the banks don't care.

[sasguru]

So, if we have some sellers prepared to sell at a reduced price and some that don't, what happens next?

What we have now: stalemate.
Until people have to sell as happened in the last recession.
45% fall in 3 years.

[sasguru]

We all end up living in Wandsworth?

You couldn't. You'd have to fight off all the people who want to buy.
And they're all considerably richer than yau.

HTH

[DimPrawn]

So, if we have some sellers prepared to sell at a reduced price and some that don't, what happens next?

We all end up living in Wandsworth?

[conned tractor]

Asking prices are not sale prices.

Trying to go through this at the moment as I would like to move. The agent that is advertising our house was straight, as they can be , with us that if we wanted to sell then we're looking at around 20% less (than 2008) with a view of possibly going lower. I'm ok with a 25% hit, there's no way house prices could stay that high forever.

Anyhow, the boss-lady has seen a house she likes, great location, 3 double beds, great bathroom, kitchen needs doing but ok in the short term. So, it doesn't tick all of the boxes (my wants are a bit extreme fo the type of house we're looking at - double garage/workshop in a 3 bed semi), but we could make do.

Turns out we sort of indirectly know the owner, and the house has been empty for 6 years (following a separation) , on the market for sale for over 2 years and not reduced in this time. So, by my thinking, and has mine has reduced in value by 20-25%, I thought an offer of 25% off asking was reasonable. Estate agent didn't even take my wifes name, but said she'd pass the offer on.

So, if we have some sellers prepared to sell at a reduced price and some that don't, what happens next?

[Churchill]

Times must be hard, there's a house not far from where we live (it's less than a mile away) that's been reduced by £650k!

[northernladuk]

Lets be clear, when they say North South divide are they talking about North and South London? No one gives a toss about house prices anywhere else are they are peanuts in comparison?

[chef]

Nurse, bring the meds, the fishy one is speaking all confuddled again

[DimPrawn]

To generalise North and South is a bit silly, there are house in areas in the North that cost a lot more than some houses in London.

I know I lived in one. Got fed up having to walk for 5 minutes to get from the 1000 sq foot kitchen, down the giant long hallway to reach the front door.

[Spacecadet]

To generalise North and South is a bit silly, there are house in areas in the North that cost a lot more than some houses in London.

£250K in the north will get you 4-5 bedrooms and a large enough garden to keep a horse in

£250K in london will get you an ex-council flat

[russell]

To generalise North and South is a bit silly, there are house in areas in the North that cost a lot more than some houses in London.

[Troll]

If your ooop North can you do this with your property of just keep pigeons?

pack em all in

[Spacecadet]

Nobody works up North, they all sign on.

I'm working up North, getting the same rate as I get when I work down south but twice the house

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