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West End Fantasy House Prices


snickers
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http://www.s1homes.com/buying/search/2007091114384529.shtml

After offers and competitive counter offers at o/o 265, the avaricious sellers have settled on FP 345... (ha ha!)

May they wait many moons to accept a bid lower than those they rejected. Maybe a new table cloth would help with the valuation ;-)

Big heads up to sellers: it's not 2007 any more. The question is are Glasgow owners a bit slow in accepting the new economic reality, or is this just my impression?

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http://www.s1homes.com/buying/search/2007091114384529.shtml

After offers and competitive counter offers at o/o 265, the avaricious sellers have settled on FP 345... (ha ha!)

May they wait many moons to accept a bid lower than those they rejected. Maybe a new table cloth would help with the valuation ;-)

Big heads up to sellers: it's not 2007 any more. The question is are Glasgow owners a bit slow in accepting the new economic reality, or is this just my impression?

Ah but Corum are a "quality" EA. Their offices are so nice - it's worth paying over the odds just for the honour of being allowed to cross their door step

;)

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http://www.s1homes.com/buying/search/2007091114384529.shtml

After offers and competitive counter offers at o/o 265, the avaricious sellers have settled on FP 345... (ha ha!)

May they wait many moons to accept a bid lower than those they rejected. Maybe a new table cloth would help with the valuation ;-)

Big heads up to sellers: it's not 2007 any more. The question is are Glasgow owners a bit slow in accepting the new economic reality, or is this just my impression?

So just go and buy another house then.

If the "economic reality" has changed as much as you think, then they should be lining up to take advantage of all the generous offers at 25% to 35% below peak.

Of course, if they are not, then the "economic reality" is very different to the one you seem to think exists.

For prices to fall, both buyers and sellers have to agree to a sale at a low price. Without a seller agreeing, it's not economic reality at all, just fantasy......

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This is a house price chart that compares various areas throughout the UK, Scotland seems to have peaked about 6 months after Greater London for example so it makes sense that at least initially the drops are not going to be as large. If they are going to happen then it will be this year.

http://www.marketoracle.co.uk/Article8858.html

I think the property you are looking at is being sold by vendors waiting for, ahem, someone with more money than sense, to put it politely. There are some estate agents that appear to use this as a founding principle of their business model. Of course there will also be those out there with so much money that they simply don't care whether they are paying too much or not.

Edited by Perishabull
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