Originally posted by d000hg
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Reply to: Asking prices...
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Previously on "Asking prices..."
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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?
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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!
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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?
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Originally posted by russell View PostTo 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.
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Originally posted by russell View PostTo 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 london will get you an ex-council flat
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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.
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Originally posted by MarillionFan View PostNobody works up North, they all sign on.
http://www.dailymail.co.uk/femail/ar...es-luxury.htmlLast edited by Spacecadet; 17 October 2011, 14:20.
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