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Casual Observer

Buyers Are Haggling More

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http://uk.biz.yahoo.com//22072006/140/firs...s-haggling.html

I think my thread title is a bit more accurate than Realist Bear's. According to the article, more buyers are offering less than the full asking price initially. If their offer is refused some of them then increase it. Presumably some don't.

Yawn

Edited by Casual Observer

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http://uk.biz.yahoo.com//22072006/140/firs...s-haggling.html

I think my thread title is a bit more accurate than Realist Bear's. According to the article, more buyers are offering less than the full asking price initially. If their offer is refused some of them then increase it. Presumably some don't.

Yawn

An ASKING PRICE is just that! It phucks me off when knobheads go straight in with asking price! Shows how STUPID a lot of people are!!!

This part of the article amazes me!!!!

At the same time, it said only 27% of people taking their first step on to the property ladder were considering taking out a 35- or even 40-year mortgage in order to be able to afford their first home.

ONLY 27% as if they are disappointed!!! That's Frightening!!!

TB

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Does anyone know at what % on avearage below current asking prices sales are being agreed at?

Its an ever changing average.

Cut Cut Cut away at it.

Star at 50% and work towards something you can both live with.

Enjoy yourself and make a "silly" offer.

Edited by expatowner

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From first hand experience and from my own research in my area it appears that higher value properties (i.e. over £250,000) in the most desirable are still achieving on average 97% of asking price.

Smaller properties in the same areas 94% of asking price and properties in the less desirable areas 92% of asking.

All on average of course.

Not one single offer of 10 - 15% below has been accepted.

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Guest Alright Jack

"Buyers are haggling more"

Yeah, upwards! :lol:

We need to get that guy from Monty Python's Life of Brian on one of these property porn shows to play the estate agent with a difference.

"250 grand for that you must be mad..." etc

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http://uk.biz.yahoo.com//22072006/140/firs...s-haggling.html

I think my thread title is a bit more accurate than Realist Bear's. According to the article, more buyers are offering less than the full asking price initially. If their offer is refused some of them then increase it. Presumably some don't.

Yawn

Could you not translate it as FTBs getting wiser and therefore offering much less than asking prices? Also, where are the BTLers snapping everything up in sight at this entry level? Those with 10 properties in their portfolios may be subsiding losses around 1K a month. With arla reporting a 6 months ago that at any given time 50% of rental properties are vacant, the sitaution could be going quickly sour for newbie BTL ers..those that bought in to the madness over the past 3 years (the majority).

The amount of FTBs offering below asking has risen from 19% to 43%, that's a massive swing IMHO..

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The difference between average asking price and average selling price on home.co.uk is ALOT higher, try it for yourself. There is alot of aspirational pricing out there...

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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