How many viewings are sellers getting?

axel rose

hi there,

Just wondering how other peoples houses sales are going? We've been (trying) to sell our house since February. Its by far the cheapest house of its type in my area and is good value. (in my opinion;)).
After a dead summer we've been getting viewings every couple of weeks since the end of the summer. We got a few mad offers that really couldn't be considered and fingers crossed we may be close to a deal.
What I really want to know is are other sellers experiencing a similar pattern? Is there a small pick up in the market?
Lets face it none of us trust our agents-mine is just sooo busy :rolleyes: every time I ask him about the general state of things he tells me that he just collected X amount of deposits that week!

Treehouse72

axel rose wrote: »

Is there a small pick up in the market?

No.

The property crash is about 2 years old now and still has another 5 or 6 to go. So the market should pick up sometime around Christmas 2014.

So at present, we are in whatever the opposite of a small pick up is.

And there's also an off-chance that the catastrophic and unprecedented meltdown of the international financial system today might make things a tad worse. As will the swinging cutbacks to be announced in the budget. Not to mention the rocketing numbers on the dole and impending flight of several multinationals. As will rising emigration (fewer people to rent those BLT's to. Yummy). As would a possible bank failure (if Fortis and Lehman can go...). As will rising general inflation and stagnant real wages.

Yeah, all in all I'd say there is more chance of a small pick up in Eamon de Valera's pecker than there is in the Irish property morkesh.

axel rose

oooookaaaaay....... just let me grab my prozac.

I havent been in a hole for the past year or so. I know all of that. however people still need to move houses and for reasons other than financial. people can downsize or move closer to work for one thing. I am aware that it is harder to get a mortage but its far from impossible... people can only put our lives on hold for so long. Ive noticed that since the schools opened again there has been increased interest in my house, and Im wondering if other sellers have noticed anything similiar?

god your post makes it sound that we've all lost our jobs and we should be sitting around a candle shivering in our winter coats.
treehouse are you a selling a house?

ronbyrne2005

If your house ain't selling it's priced too high. I'd sell for whatevr you can get before the huge stock of unsold new houses start to sell at huge reductions.

The_Conductor

axel rose wrote: »

however people still need to move houses and for reasons other than financial. people can downsize or move closer to work for one thing. I am aware that it is harder to get a mortage but its far from impossible... people can only put our lives on hold for so long. Ive noticed that since the schools opened again there has been increased interest in my house, and Im wondering if other sellers have noticed anything similiar?

I've colleagues who are resigned to weekly commutes of almost 800 miles by car because they are unable to sell their house in order to move closer to where they need to be. People may need to move houses for reasons other than financial- but it does not mean that that its feasible for them to do so. Its not impossible to get a mortgage- but its increasingly difficult- and with a severe tightening of the rules governing what institutions are willing to lend, and who they are willing to lend to, there has to be a massive further correction between what people are capable of raising and what the house they wish to purchase costs.

The biggest problem at the moment is ironically for people who purchased over the past few years totally unsuitable properties with the intention of moving to a more appropriate property presently. They are now stuck, totally stuck, they cannot sell their ridiculous property, and they cannot raise finance to purchase elsewhere in the absence of a sale. If they bit the bullet and priced the property to sell- admitting that they would have to take a significant hit on it, possibly a large loss, then they just might extricate themselves from the mess.

Regarding how deep or how long the property slump will last- I don't have a crystal ball- but sellers still have totally unreasonable and unrealistic expectations of what they are going to achieve for their property. If you want to sell- price it accordingly. Being the cheapest around is meaningless- if its still beyond the means of the limited number of people who are genuinely interested. Annoying potential buyers by disregarding what you consider to be lowball offers- isn't helpful either. Today's lowball offer, may very well seem like a reasonable target in a years time when your property is still on the market.

People are going to get badly hurt in the market- its a sad fact of life. People became used to the "only way is up" mentality of the last few years, and the stark change in sentiment has not yet made its effects felt on the property market, 9% falls year to date notwithstanding.

S.

Morrisseeee

My next door neighbour has had his house on sale for a year, he has dropped €50k from last years price & still no viewings !!! There are also loads of houses lying idle in different housing estates !!

axel rose

ok folks maybe I didnt make myself clear here. In the nicest way I didnt ask for a lecture in the current state of the economy, greed of the vendor etc etc.
I asked if other vendors have noticed an increase in viewings. I dont want to be rude but I object to the implication that my house is overpriced.
smccarrick you have absolutely no idea what offers were made to us.

I resent the implication that anyone selling a house is somehow a greedy smug profiteer. Whats the point in putting in an asking price if that is the case? Are vendors supposed to be grateful because some buyers feel entitled to buying a house at 1991 prices? and yes it in the region of some of the offers made.
maybe folks just maybe Im recieving more realistic offers bacause my house is prices accurately

The_Conductor

In response to your first question- estate agents will tell you that viewing increased slightly in July, accelerated in August with a small increase in the number of sales, but then dried up again in September when it was announced that the budget was being brought forward.

Ps- I wasn't suggesting that vendors are smug profiteers by any means. I'm in the same boat as you are- the biggest problem that I see is the massive overhang of property, both new and secondhand, on the market- rather than price per se (though obviously supply and demand have to be in kilter with each other- which plainly is not the case).

axel rose

Thanks smccarrick that was more like the info I was looking for. It kind of gets my back up when Im accused of being unrealistic about my asking price when no one here has seen either my house or my price- I just want to cut my commute not move into a mansion......yet

I agree that the massive stock is a huge problem in getting the turnover of houses moving again.
how is your sale going?

The_Conductor

axel rose wrote: »

Thanks smccarrick that was more like the info I was looking for. It kind of gets my back up when Im accused of being unrealistic about my asking price when no one here has seen either my house or my price- I just want to cut my commute not move into a mansion......yet

Ditto.
Driving for 12-14 hours a week without any public transport options are my reason for wanting to move.

Re: prices- where I am there are 23 units, of which 5 are for sale. They range in price from 360 up to 460 and 2 of the 5 have been on the market for almost 18 months. None have had any viewings whatsoever since May (and prior to May a lot of the viewings were by other owners trying to sell and interested in seeing what people were doing to their properties to make them more presentable).

axel rose

ouch! well best of luck in the quest.

punchestown

axel rose wrote: »

Thanks smccarrick that was more like the info I was looking for. It kind of gets my back up when Im accused of being unrealistic about my asking price when no one here has seen either my house or my price- I just want to cut my commute not move into a mansion......yet

I agree that the massive stock is a huge problem in getting the turnover of houses moving again.
how is your sale going?

Is it up on any of the websites? Stick it up here so and people can tell you if the price is right. Might even get yourself a buyer out of it aswell!

the_syco

Get a mate to ring up and enquire about the hose, to see what the estate agent says. They may be trying to sell another (mates) property nearby.

mrgaa1

it would seem that people may take their savings and buy a cheap house - in this way at least you can see your money rather then letting the banks do away with it.
Viewings, from my own experience, are very slow. People seem to want more for their money due to public perception. House prices will not nose dive - a 500k house will not become 200k - maybe 380k or something like that. There are an awful lot of buyers out there at the moment waiting to jump on. When the signal comes to buy I just hope the banks will lend.
If the banks won't lend the money - will the government?

Weyhey

House on market for 3 months. One price drop, one viewing, one offer which I accepted and currently waiting on contracts to be signed. House was cheapest house of its type in the area. With 2 out of 3 house sales falling through I won't believe house is sold until deal is fully closed. Then I will start looking for a house to buy nearer to work and family/friends.

As far as i can remember according to the Sunday Times property market review sales and viewings over the summer were non-existent (my estate agent agrees). The Dublin estate agents they interviewed said viewings were great after summer and then took a battering again when the bank issue arose. They also reckon no one esp FTB's are is doing anything until after the Budget.

axel rose

hi punchestown
The house is on daft but I dont want to post the link as my mammy tells me that I shouldnt put my address out there for the big wierdos to kill me in my bed!:D
mr gaa-thats exactly the problem! some buyers out there seem to think that we should be grateful for really off the wall offers. I spent the flipping day scrubbing the house at least give me something realistic!

weyhey congrats
I dont want to hex things but there has been 'serious interest'....fingers crossed

Tigger

mrgaa1 wrote: »

it would seem that people may take their savings and buy a cheap house - in this way at least you can see your money rather then letting the banks do away with it.
Viewings, from my own experience, are very slow. People seem to want more for their money due to public perception. House prices will not nose dive - a 500k house will not become 200k - maybe 380k or something like that. There are an awful lot of buyers out there at the moment waiting to jump on. When the signal comes to buy I just hope the banks will lend.
If the banks won't lend the money - will the government?

if i bought something for €500,000 and suddenly it was only worth €380,000
then i would call it a nosedive

what would you call it
a bit unfortunate

20goto10

Tigger wrote: »

if i bought something for €500,000 and suddenly it was only worth €380,000
then i would call it a nosedive

what would you call it
a bit unfortunate

A nose dive of what? Imaginary profit printed on Celtic Tiger patterned paper? If you had bought a house for 500K and sold it for 380K then it would be a nose dive. I don't think anyone in the country is willingly selling their homes for less than they paid for them.

As people like Axel are looking for a home for the long term its not really a deciding factor.

20goto10

ronbyrne2005 wrote: »

If your house ain't selling it's priced too high. I'd sell for whatevr you can get before the huge stock of unsold new houses start to sell at huge reductions.

Advice like that deserves a banning imo. If not it certainly deserves a beating :mad:

I'm sure you don't need me pointing this out but beware the would be first time buyers with a vested interest in driving prices down.

bangersandmash

axel rose wrote: »

mr gaa-thats exactly the problem! some buyers out there seem to think that we should be grateful for really off the wall offers. I spent the flipping day scrubbing the house at least give me something realistic!

Given the current state of the market and the events of the last three months, it's quite possible that your buyers consider their offers to be realistic. Have you considered the possibility that your asking price is unrealistic?

20goto10 wrote: »

Advice like that deserves a banning imo. If not it certainly deserves a beating :mad:.

Apparently the property is not selling. Suggesting a price decrease is not unreasonable advice if the OP wants to increase the number of viewings and potentially achieve a sale.

gurramok

20goto10 wrote: »

A nose dive of what? Imaginary profit printed on Celtic Tiger patterned paper? If you had bought a house for 500K and sold it for 380K then it would be a nose dive. I don't think anyone in the country is willingly selling their homes for less than they paid for them.

A myth. The market decides the price, the seller can decide if they want to sell or not at that price. Unless the country's sellers all joined a cartel, your dreaming.

20goto10 wrote: »

Advice like that deserves a banning imo. If not it certainly deserves a beating :mad:

I'm sure you don't need me pointing this out but beware the would be first time buyers with a vested interest in driving prices down.

No it doesn't. Ronbyrne speaks the truth and you say its a banning!:rolleyes:

FTB's are the bad boys now, a vested interest in not overpaying, thats new!

Tigger

20goto10 wrote: »

A nose dive of what? Imaginary profit printed on Celtic Tiger patterned paper? If you had bought a house for 500K and sold it for 380K then it would be a nose dive. I don't think anyone in the country is willingly selling their homes for less than they paid for them.

As people like Axel are looking for a home for the long term its not really a deciding factor.

it is if they want to move

i assume you own yer own home?

Tigger

20goto10 wrote: »

Advice like that deserves a banning imo. If not it certainly deserves a beating :mad:

I'm sure you don't need me pointing this out but beware the would be first time buyers with a vested interest in driving prices down.

market forces are vested intrests

you should not be advocating violence (a beating) in either a public forum or in the real world

1st time buyers didn't cause the issues here

The_Conductor

Behave guys......

Any personal comments or advice such as 20goto10's above will result in a banning.

Official warning to 20goto10.

Please be civil to each other.

Tigger

i had gone sale agreed on a house deposit paid waiting for contracts
but due to some of the things that teh ea said being either lies or severe miscommunications between him and the seller (a builder pretending to be not a builder by using his mother as a seller it turmns out) we decided not to go ahead

now the price i saw was 275k the price i offered was 210k take it or leave it and they jumped at it

got the brief to ask for everything back yesterday and the ea hasn't stopped ringing all day

dollars to doughnuts they'll offer a dscount

Weyhey

axel rose wrote: »

weyhey congrats
I dont want to hex things but there has been 'serious interest'....fingers crossed

Thanks and fingers crossed for you.
I reckon very few sellers or hopeful buyers come any way near boards anymore due the amount of negative comments or comments not directly related to questions asked, it's just not worth the hassle.

jetski

at the end of the day, someone who bought a house for 500k at the height of the boom will loose some money..... those amounts are varied but wages wont go down. Some people might loose their jobs but not everyone. so i think there will be some horror stories but most people will be quietly content.

axel rose

bangers and mash , Do you own a house? If you do I doubt its for sale. As I run the risk of repeating myself Im not interested in ignorant speculation about my house price or the offers made.
My question was directed at people in my situation-and to make it clear to you I mean vendors. How do you know that my house is overpriced? How do you know that previous offers were reasonable? please explain how I have been getting viewings if the price is so unrealistic?

I cant understand why people on this site are so quick to make assumptions and be so negative toward people trying to sell their home.

Thanks to all the other contributers that stayed on topic

Senna

Axel Rose, try not to take comments too personal, but the advice that has been given to you is probably relevent to 95% of sellers out there, even through you didn't ask for most of the advise.

As for viewing, we have viewed a few more houses this month than last month, but thats just because i have more free time in sept rather than aug. But most of the EA's are saying they are quite and are blaming the budget for no FTB acitivity.

Climate Expert

Your house is overpriced.

If a house doesn't sell in 2 months then it is overpriced. Price is dictated by supply and demand. If there is very little demand then your price has to match this.

Obviously there is a price which you will not sell below which is whats happening here. Therefore you will not sell your house unless
a. price gets lower
b. supply decreases and/or demand increases.

bangersandmash

axel rose wrote: »

How do you know that my house is overpriced? How do you know that previous offers were reasonable? please explain how I have been getting viewings if the price is so unrealistic?

No need to go on the offensive Axel. The fact your house is still for sale suggests you might want to consider the possibility. You complain about viewers making low offers in one comment. Yet in the next you use these viewers as evidence that your pricing is realistic? That's unusual logic.

I was simply suggesting that perhaps those offers you previously received might not have been as unreasonable as you believe. I know several acquaintances currently trying to sell who rejected apparently unrealistic offers in 2007 and early 2008 who would now be very glad of those offers. Many people seem to be reacting to changes in the market too slowly.

Houses are selling (or were until the last two weeks of turmoil) if they're keenly priced. But if a house is lingering on the market for any significant amount of time that indicates a price cut may be in order. If yours is priced as keenly as you say, I'm sure you'll get a realistic offer soon.

Treehouse72

axel rose wrote: »

I cant understand why people on this site are so quick to make assumptions and be so negative toward people trying to sell their home. Thanks to all the other contributers that stayed on topic

You are now lecturing us on staying on topic? From your original post:

axel rose wrote: »

Is there a small pick up in the market?

I'm confused - did you want that question answered or not? Please clarify, because it strikes me as unspeakably ignorant to seek opinions and then demean and belittle those opinions with a sanctimonious, dismissive tone simply because you don't like them. Makes my skin crawl in fact.

20goto10 wrote: »

I'm sure you don't need me pointing this out but beware the would be first time buyers with a vested interest in driving prices down.

I see. So people looking to buy a house are being craven in seeking lower prices? Some would call that the free market, but obviously not in magic Ireland where notional increases in house prices make us all millionaires. Good times. And I'd presume that all those who drove the market up are pure-as-the-driven snow go-getters with nothing but altruistic "interests"? Your post is a glorified damn-de-begrudgers job and is not a serious effort to address the issues.

axel rose

bangers and tree house you clearly dont have houses to sell so why are you still posting on this thread? my question was about viewings and my assumption is that if there are viewings then people are considering buying houses. I dont think that logic is too crazy.

The house price may well be decided by the vendor but its a naive vendor that disregards the advise of their estate agent-We are in addition to considering the goings on of the economy

Tree house I advise you to look through this thread as I believe you were the first to stray off the thread with the 1st reply.
And seriously trust me some offers are really really off the wall. anyway enough of the meandering Im off

Theboinkmaster

axel rose wrote: »

bangers and tree house you clearly dont have houses to sell so why are you still posting on this thread? my question was about viewings and my assumption is that if there are viewings then people are considering buying houses. I dont think that logic is too crazy.

The house price may well be decided by the vendor but its a naive vendor that disregards the advise of their estate agent-We are in addition to considering the goings on of the economy

Tree house I advise you to look through this thread as I believe you were the first to stray off the thread with the 1st reply.
And seriously trust me some offers are really really off the wall. anyway enough of the meandering Im off

No offence axel rose but you appear to be quite ignorant of what's going on in the Irish property market.

Your house is only worth what someone else is able/willing to pay - it is obviously overpriced if it has not sold yet, as you've been told several times on this thread.

And what do you mean offers off the wall?! Any offer is better than nothing and perhaps you have unrealistic expectations as to the value of your property.

For example:

Lets say in 2005 your house was worth €600k - now you have it on the market for €500k and your highest "off the wall" offer is €350k.

You think it's crazy but the problem is your house was never really worth €600k or €500k - it's only worth what someone is willing to pay so if the highest someone is willing to pay is €350k then that simply is the value of your house, currently.

Maybe in 2005 it was worth €600k if someone would pay that then but in the current circumstances there's every chance that the most you'd get for the same house over the next 2/3 years could be as low as €300k.

Do some research here, and especially on the propertypin - IMHO the property drops seen so far are only the beginning and I (along with many well researched folks) can see another 20-40% coming off over the next few years

ZYX

Theboinkmaster wrote: »

I (along with many well researched folks) can see another 20-40% coming off over the next few years

Would you mind showing us this research. I am interested and not trying to argue with you. A couple of links may well back up your opinion. You see a fall of 80% or so in real prices from their high? This seems quite a lot and implies property was overpriced before the boom even started.

bobbysands81

axel rose wrote: »

hi there,

Just wondering how other peoples houses sales are going? We've been (trying) to sell our house since February. Its by far the cheapest house of its type in my area and is good value. (in my opinion;)).
After a dead summer we've been getting viewings every couple of weeks since the end of the summer. We got a few mad offers that really couldn't be considered and fingers crossed we may be close to a deal.
What I really want to know is are other sellers experiencing a similar pattern? Is there a small pick up in the market?
Lets face it none of us trust our agents-mine is just sooo busy :rolleyes: every time I ask him about the general state of things he tells me that he just collected X amount of deposits that week!

Just gone sale agreed myself, and not for the first time...

Fingers crossed it goes through, if it doesn't go smoothly I'll be pulling out of the deal.

Regulation of estate agents is so badly needed in the country, the sooner the better. I think there'll be quite a big increase in sales in the coming weeks.

As we speak there's emergency legislation going through the Dail with regard to the financial predicament we're in. With the Govt agreeing to guarantee money on deposit in banks there will have to be a reciprocal act by the banks... imo this will be more readily avalable credit to kickstart the housing market.

We would not be in recession if it wasn't for the slow down in house sales over the past 12/15 months, this is not my opinion, this is a fact (10k house sales = 1% of our economic intake, we will be down probably circa 40k in house sales from last year). The start of the slow down can be traced all the way to comments made by Michael McDowell a couple of yars ago (please note I am not blaming him for the slow down, I'm blaming him for it starting when it did).

latenia

bobbysands81 wrote: »

Just gone sale agreed myself, and not for the first time...

Fingers crossed it goes through, if it doesn't go smoothly I'll be pulling out of the deal.

Regulation of estate agents is so badly needed in the country, the sooner the better. I think there'll be quite a big increase in sales in the coming weeks.

As we speak there's emergency legislation going through the Dail with regard to the financial predicament we're in. With the Govt agreeing to guarantee money on deposit in banks there will have to be a reciprocal act by the banks... imo this will be more readily avalable credit to kickstart the housing market.

We would not be in recession if it wasn't for the slow down in house sales over the past 12/15 months, this is not my opinion, this is a fact (10k house sales = 1% of our economic intake, we will be down probably circa 40k in house sales from last year). The start of the slow down can be traced all the way to comments made by Michael McDowell a couple of yars ago (please note I am not blaming him for the slow down, I'm blaming him for it starting when it did).

So what you're saying is that McDowell did a good thing then? If (and you're totally incorrect btw) he popped the bubble then he saved us from an even worse comedown. If the banks do decide to use this credit guarantee to facilitate loans for more of the overpriced junk housing stock I'll personally attempt to storm the Dail.

punchestown

bobbysands81 wrote: »

ar). The start of the slow down can be traced all the way to comments made by Michael McDowell a couple of yars ago (please note I am not blaming him for the slow down, I'm blaming him for it starting when it did).

It would be unfair to label McDowell as the little boy in the crowd who called out that the emperor had no clothing. It was apparent to many that the gravy train had run off the tracks!

bobbysands81

punchestown wrote: »

It would be unfair to label McDowell as the little boy in the crowd who called out that the emperor had no clothing. It was apparent to many that the gravy train had run off the tracks!

McDowell stalled the market unintentionally though, by pure accident rather than design.

Jamar

We put our property on the market April 2007. We priced lower than any comparable property, and tried to drop the asking price ahead of the curve.

After a number of viewings when we went for sale, there was nothing all summer. In September the number of viewings picked up. We went sale agreed 3 times; on the third time it went through. This was at the start of November.

That's what we found last year. As everyone has advise, I'd say drop the price about two weeks before the budget to get noticed.

Best of luck. As potential buyers, however, we are sitting and waiting.

Treehouse72

axel rose wrote: »

bangers and tree house you clearly dont have houses to sell so why are you still posting on this thread?

I don't have a spaceship either but I still have an opinion on space exploration (it's a jolly good thing, leading to the intellectual and moral advancement of all humanity). If we need some kind of spaceship to participate in your threads in future, could you please specify that from the outset so we can all save ourselves the bother of expressing an opinion.

Axel, I know you now want to pretend that you didn't ask the question about the state of the market, but those of us in the reality-based community know you did. Maybe in future you shouldn't ask questions if you don't want answers to them. It's pretty damned simple I would have thought.

axel rose wrote: »

my question was about viewings

No, one of your questions was about viewings. The other was about whether there was a pick-up in the market. This was the question I responded to, clearly quoting your question to avoid confusion. Everyone reading this thread knows this apart from you. You appear deeply confused, so my suggestion to you is that you read your own posts before posting them in future.

axel rose wrote: »

and my assumption is that if there are viewings then people are considering buying houses.

Ok, so let me get your own logic straight: No viewings = no sales.

Is that right? Good, so let's try this little game of Blankety-Blank, using this self-same logic:

No viewings = No sales.

....ergo....

No viewings of OP's house = No ________ of OP's ________.

Answers on a postcard.

axel rose wrote: »

The house price may well be decided by the vendor

And so, at long last, the rub. House prices are decided by the vendor.

One more time everyone: House prices are decided by the vendor.

No, actually, we need it one more time because it is almost impossible to believe that anyone could have said it, so here we go: House prices are decided by the vendor.

And I presume you mean vendors like, for example, you, who have their house on the market for 8 months? If that's the case, why don't you just tell all those pesky buyers that you have "decided" on the price and tell them to jolly well get on with meeting it!?

axel rose wrote: »

but its a naive vendor that disregards the advise of their estate agent

Yes. Yes it is.

axel rose wrote: »

We are in addition to considering the goings on of the economy

The "goings on"? You mean the half dozen "goings on" I mentioned in the second post in this thread, which you chose to ridicule? It's odd, but when I mentioned them, you sneered at these "goings on", but now it appears you are paying close attention to them! I see. Totally consistent position there mate.

axel rose wrote: »

Tree house I advise you to look through this thread as I believe you were the first to stray off the thread with the 1st reply.

Firstly, the day I accept advice from someone who I]personal abuse self-censored, but it was really, really unpleasant[/I will be a cold day in hell.

Secondly, from your OP: "Is there a small pick up in the market?". Mods, could I ask why this poster is being allowed get away with the utter bull**** he/she is talking in this thread? People get banned for personal abuse here (which I agree with) and yet OP comes on here, asks a question and then rags on the answers they get in the most patronising tones? The moral and intellectual dishonesty is shocking. It is just too much to stomach this level of crassness.

axel rose wrote: »

And seriously trust me some offers are really really off the wall.

"Seriously"? lol. I don't think so.

axel rose wrote: »

Im off

And Im Spartacus.

axel rose

treehouse- are you serious? you are ragging on me about being patronising and abusive?
how many times do I have to mention that I was just asking for advise from other vendors. you clearly are not. If anything judging by the way you twist my posts and the bizzare way you cannot stay on topic you act more like a troll. Frankly Im done.

The_Conductor

Guys- calm down everyone.
Forum rules are if you disagree with what someone posts, you refute the post, but do not attack the poster.......
There are several people on this thread borderline attacking each other.
While its entirely understandable that property is a particularly emotive subject- that gives noone the right to question the personal motives of other posters, or attempt to start an online fight.

Be civil to each other if you want to post in the Accommodation and Property Forum, or you will have your rights to post here withdrawn.

Regards,

SMcCarrick

mathie

mrgaa1 wrote: »

it would seem that people may take their savings and buy a cheap house - in this way at least you can see your money rather then letting the banks do away with it.
Viewings, from my own experience, are very slow. People seem to want more for their money due to public perception. House prices will not nose dive - a 500k house will not become 200k - maybe 380k or something like that. There are an awful lot of buyers out there at the moment waiting to jump on. When the signal comes to buy I just hope the banks will lend.
If the banks won't lend the money - will the government?

In denial much?
The Japanese bubble knoced up to 80% off the 'value' of some properties.
M

axel rose

wow! guess what folks. had a viewing Yesterday...... and got an offer of 5k off the asking price!!!! (not the origional asking price but who gets that thesse days). They have even paid the deposit already this morning!!! I know its early days but looking positive yes?

The_Conductor

axel rose wrote: »

wow! guess what folks. had a viewing Yesterday...... and got an offer of 5k off the asking price!!!! (not the origional asking price but who gets that thesse days). They have even paid the deposit already this morning!!! I know its early days but looking positive yes?

Nice one!
Make sure they are pre-approved mortgage wise (thats the major stumbling block these days).
Well done though!

S.

axel rose

I know. As far as I am aware they are approved but I dont know how recent the approval was given. All going well how long should this take to complete? is 8 to 12 weeks realistic?

Weyhey

axel rose wrote: »

How many viewings are sellers getting?

hi there,
Just wondering how other peoples houses sales are going? We've been (trying) to sell our house since February. Its by far the cheapest house of its type in my area and is good value. (in my opinion;)).
After a dead summer we've been getting viewings every couple of weeks since the end of the summer. We got a few mad offers that really couldn't be considered and fingers crossed we may be close to a deal.
What I really want to know is are other sellers experiencing a similar pattern? Is there a small pick up in the market?
Lets face it none of us trust our agents-mine is just sooo busy :rolleyes: every time I ask him about the general state of things he tells me that he just collected X amount of deposits that week!

Seems obvious to me that these questions were aimed at sellers.

Again another thread that has turned out nasty. Sellers and buyers rarely bother to come near Boards anymore because of similar experiences.

Weyhey

axel rose wrote: »

I know. As far as I am aware they are approved but I dont know how recent the approval was given. All going well how long should this take to complete? is 8 to 12 weeks realistic?

Congrats on going sale agreed axel.

I was told that my purchasers had approval but they still had delays getting full approval after survey was done and took six weeks to come through after first deposit was paid.

axel rose

thanks weyhey. Yea I cant understand the antagonism of some posters. Ill not be asking any more questions on this section for fear of being accused of profiteering from homelessness :rolleyes:

groom

How far off percentagewise were the offers you got that you found silly