newmac78

Very true, and I think they assume we're so very desperate to get in the market, we'll do whatever it takes. I will admit though it's been a steep learning curve to be able to cut through the **** the EA's are pedaling at the moment. Had a look at another repo, in Cambourne - but this had also been accepted at virtually the asking price (a not so subtle hint from the EA, should I want to trump the offer). Sod this, I'm hunkering down for a few months to see what's going to happen!

Have been interested in this place for a while: http://www.rightmove.co.uk/property-for-sale/property-16394340.html It's a repo, and has been on the market for ~6 months now in one form or another (owner tried to sell --> repo --> 5.5 weeks on with the bank). It needs some major work, and is full of previous owners stuff i.e. looks a bomb site (there's a reason there's no internal photos ). Anyway, my offer of 10% under asking price was met with some 'interesting' comments from the EA... (bearing in mind I'm a FTB with 30% deposit - everything ready to go) "Yeah... the bank has said that's just not going to work. They were very curious why you were even putting in an offer so low? We've had the property valued, and it's clearly worth more than that. They think you shoud offer the full asking price if you actually want it" There was me thinking things were on the slide in SG19 ?! I guess not yet...

Hello all, Long time reader of the site, and now thought I should do the decent thing and get involved... 31 yr old single guy, living with parents (the two may be connected but they only live 10 miles from work). Have been accumulating a deposit since finishing university in 2005, but really upset about the thought of me having to spend 50k to get in the game. My sallary's ok and pretty secure, and at a stretch I could get something - but frustration is starting to turn to anger about those who bought beyond their means and are being kept afloat. Perhaps I'm old fasioned in that "if you can't afford something, don't buy it". One can only hope me biding my time will pay off eventually - but I just don't see it at the moment Anyway... love the site for the wealth of knowledge about the housing market and economy - and hope to contribute in the future...