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House Price Crash Forum

Nokidding

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About Nokidding

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    HPC Newbie
  1. Yes, possibly the best strategy to beat those people is to wait, maybe also occasionally throw some very aggressive offers to remind sellers of the reality. Now I am pretty happy to walk away from anything with heavilly inappropriate price.
  2. Was interested in one property, but still come cross some idiots (sorry for the language) making stupid offering as competition (i.e., only £20k below a asking price set 6 months ago). No wonder there are a lot deal fall through at the end. Is my valuation too low or some people really just do not get it. Research does show sometime irrational players make the life of the rational ones more difficult.
  3. I agree with £500k benchmark, because the area is swaped with detached houses.
  4. Some houses are cut £100K off the asking price. I have to ask how low is low? what should be reasonable price range for a detached 4-bed house? Looks like things are really falling more speedy now.
  5. There have been a couple of recent reductions in the area. ALso I found that properties for sale are most from other old people downsizing or an renovation projects from an unfortunate investor in the past 2 years. Look at gasgoin-pees websites, they just have two recent price smashing in HW.
  6. Thanks for all advices, bosh and bobthe. It all makes sense and I totally agree that the price will go down for a year more or so. However, we do want a home. The other point, not sure the social housing will overflow the area though.
  7. Given what you said, worries 1, hinchleywood is possibly a compromise option, which might work for me. I like Surbiton very much (we lived by the river) but there are just not detached houses at all, don't even think of a reasonable sized garden. So hinchleywood might be as far as I want to go away from where I am now.
  8. Thanks, Bosh: that is quite valuable. Many of my friends suggested to wait for 6-12 months when things (economy etc.) become more settled. However, as you said there, if we can get a relatively good price then possibly worth giving a go. The worst senario is the price go downhill and never come back again and the medium scenario is that we are at loss first for 2-3 years then see it up in value afterwards; the best of couse is that we buy it at bottom. My personal guess is the second scenario if we buy now. I will change the setting to receive PM. NK
  9. We sold our apartment in Surbiton and now looking for a detached house to buy in surrounding area. We found that Hinchleywood is resonably priced and also has rail way link to the City, though the infrequence requires one well organised in everyday's commute. Can anybody give some advice whether HW is a good place to live. Also, I read Elmbridge council report for climate change, which mentioned subsidence risks in the whole borough. Have anybody heard of such risks in HW or Claygate? I also read some message here about the government housing planned to build in HW. Has it been granted or still in plan? Many thanks. Thanks, Bosh: I notice you are looking for sth. to buy in this area as well? Are you familiar with HW?
  10. We sold our apartment in Surbiton and now looking for a detached house to buy in surrounding area. We found that Hinchleywood is resonably priced and also has rail way link to the City, though the infrequence requires one well organised in everyday's commute. Can anybody give some advice whether HW is a good place to live. Also, I read Elmbridge council report for climate change, which mentioned subsidence risks in the whole borough. Have anybody heard of such risks in HW or Claygate? I also read some message here about the government housing planned to build in HW. Has it been granted or still in plan? Many thanks.
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