AteMoose Posted June 13, 2014 Report Share Posted June 13, 2014 Just wonderin Quote Link to post Share on other sites
Bruce Banner Posted June 13, 2014 Report Share Posted June 13, 2014 That would depend on the asking price. Could be anywhere between asking price and -60%. Quote Link to post Share on other sites
Corruption Posted June 13, 2014 Report Share Posted June 13, 2014 (edited) I put 20% some of the crap im seeing at 210K, id pay 170-175K just to end this saga and get my life back. Effectively 2004 prices which were a national disgrace. Edited June 13, 2014 by Corruption Quote Link to post Share on other sites
Maynardgravy Posted June 13, 2014 Report Share Posted June 13, 2014 Like Bruce said. It's pointless though trying to offer 40% off a price for someone who's 'not going to give it away'. In all reality 20%, but it would have to have already been reduced 20% in asking price. Quote Link to post Share on other sites
John The Pessimist Posted June 13, 2014 Report Share Posted June 13, 2014 I said 10%. It's still probably vulgarly overpriced, but in this corner of SE, I'd be surprised if anything less would result in a house being sold. Now if we were in the 'fear phase'..... Quote Link to post Share on other sites
Dorkins Posted June 14, 2014 Report Share Posted June 14, 2014 Houses in London/SE are at around 15x local incomes at the moment, so -80% Quote Link to post Share on other sites
singlemalt Posted June 14, 2014 Report Share Posted June 14, 2014 Chose -20% Up North the prices in the bracket I'm looking at are still 15-20% top heavy. Quote Link to post Share on other sites
bomberbrown Posted June 14, 2014 Report Share Posted June 14, 2014 -60% for the same reason as Dorkins. 1 bed flats are ridiculously overpriced here. Quote Link to post Share on other sites
Saving For a Space Ship Posted June 14, 2014 Report Share Posted June 14, 2014 How much would they pay me ? Quote Link to post Share on other sites
thombleached Posted June 14, 2014 Report Share Posted June 14, 2014 30% for me. Which I did (repo). PP + spend on work is still c15% below asking. I've only got access to the same trade rates as most, so I'm guessing this house I'm in was c15% overpriced (even if it was in good condition - which it definately wasn't). When I was looking around last year, I couldn't get anyone to budge more than 10% so I went down the repo route, as banks seemed to be less detatched from the emotional value of what's on their books and take a more pragmatic view of "value". Quote Link to post Share on other sites
jasonpistol Posted June 14, 2014 Report Share Posted June 14, 2014 20% i feel prices are around 40% overvalued but i need somewhere to live Quote Link to post Share on other sites
renting til I die Posted June 15, 2014 Report Share Posted June 15, 2014 Outside London, at least certain areas, where prices fell 20-25% from the 2007 peak. I would be offering 10-20% below the asking price which wouldn't be cheap but would seem like a fair price. In London however some places seem to be 60 or 70% overpriced from fair value! Not that anyone would be interested in taking my offers....yet! Quote Link to post Share on other sites
cybernoid Posted June 15, 2014 Report Share Posted June 15, 2014 Some sellers think buyers think like this, so they up their asking price by the percentage amount they expect the seller to offer under by. Then they change estate agent when they get no viewings. Quote Link to post Share on other sites
Renewed Investor Posted June 15, 2014 Report Share Posted June 15, 2014 50% drop. I plan to pick up a foreclosure if I can. Quote Link to post Share on other sites
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