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Property/DIY

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Original poster

What is your opinion of the market?

90 replies

alliwant · 19/07/2011 12:58

Is it going up or down in your area? Is much moving? Move buyers or sellers out there? What percentage below asking price is average? DOes anyone actually get the asking price?? Don't want to turn down an offer that might be the best we'll get at the moment! TIA

OP posts:

SybilBeddows · 21/07/2011 10:47

York is such a nice place it has always surprised me a bit that it wasn't a Harrogate/posh bits of Leeds-style little island of high prices in the north. If prices hold here while dropping in the rest of the north, as predicted in the Sunday Times for instance, I wouldn't be surprised.

We're between York and Hull (and Hull is going to hell in a handcart, obv) and wanting to move to somewhere like Ryedale which is more expensive but slipping down. The interesting thing for us is going to be how far the local shifts in prices at York and Hull diffuse into the surrounding countryside, which I suppose depends on how far people are prepared to commute.

munstersmum · 21/07/2011 11:29

Agree with Sybil about Hull n hell just now but have a watchful eye to future. Vince Cable was there yesterday to lend presence to the green manufacturing plans. If that actually takes off ...... If it doesn't all fingers will be pointing at the Labour council as things were going apace with the Lib Dems.

feckwit · 21/07/2011 11:40

I am in warwickshire and houses seem to be selling quite quickly as long as they are not overpriced. The ones sticking are those refusing to budge on price at all. That said, we have ours up for sale, went on this week, but can't find anything we want in our preferred locations. Looking for another renovation but they are all finished!

NerfHerder · 21/07/2011 12:16

Am fairly near you feckwit, and prices are just stupid here.

We are looking to move up a size -currently in ftb heaven- 2 bed, beautiful condition, close to commuter routes and shops/work but need much more room after children have arrived. But sellers are asking ridiculous prices on completely overpriced tat stock, and then wondering why their home isn't selling after 6, 8, 10 months

My BIL just put his house up for sale a fortnight ago (as they had found something they fancied moving to). We thought it was underpriced for his area and condition (utterly gorgeous house, smack in the catchment for LAs best school) and they had 3 full price offers within 4 days. (though they have pulled it off the market as they're not going ahead with their purchase )

I think there are buyers out there for sellers who are being realistic, but sellers are in a crazy mindset atm, and refuse to budge on price.
As a prospective buyer though, we are cash rich and multiple poor. As noddy said- the multiples are just stupid now- who do sellers think will be buying their property? Fine if you live in stock-broker belt, but my neighbours are nurses, teachers, musicians, arts admins, PAs etc

SybilBeddows · 21/07/2011 12:37

It will be great if Hull takes off again Munstersmum.

Thromdimbulator · 22/07/2011 17:03

At the risk of having said too much already on this thread, I've just posted this on another thread and thought it would be of interest here too.

Rightmove tells sellers to get real on prices

I live in hope.

mylovelymonster · 22/07/2011 19:06

Very very very depressed now. Have seen a new instruction - a cottage, been developed with an extension so decent living space - even so, I wouldn't say it warranted the new price tag of £775k - it was bought three years ago for £365k.

I would so love to buy somewhere for £400k and fix it up myself....off to sob quietly.......

mylovelymonster · 22/07/2011 19:07

I guess the fixer-uppers go straight to developers because they are 'in' with the agents, and the agent has the benefit of two lots of fees in fairly quick succession.

Do you think I should/could advertise here for someone to sell me their house???

mylovelymonster · 22/07/2011 19:08

Sorry to rant/hijack but I am so frustrated......

SkelleyBones · 22/07/2011 19:32

Rightmove can run and jump with their campaign, as can the agents to a degree, they have for the last 10 years been order takers, showing people around a house do you want it or not there's another buyer if you don't.
Now they actually have to do some work and SELL the houses for their 2.5% they want the sellers to drop into neg equity if they bought in the past 5 years.
Who is going to willing do that.

Pinkjenny · 22/07/2011 19:40

I think the expectations of buyers are ludicrous. We are selling our house for a 10k loss after reducing it three times. Two very minor issues have come up on the survey and we have been at a standstill with the buyer for two weeks now. Our house was valued up by the surveyor and still we are being messed about. It infuriates me. Meanwhile we are waiting to instruct survey on the property we want. What does he want, blood??

nikos · 22/07/2011 19:47

You know, I try to treat estate agents as fellow human beings but what a way to earn a living. They just want price reductions so they can keep properties churning thru. They really deserve no respect whatsoever. No skill involved in the job at all

SkelleyBones · 22/07/2011 21:24

The biggest purchase anyone makes in their life and there is no professional qualifications or accountability, EA's should be surveyors IMO or solicitors.

mylovelymonster · 25/07/2011 19:56

Some sense being talked openly at last here Estate Agent Today

shoots · 25/07/2011 20:36

Agree with others as larger houses seem to be sticking and family ones still shifting quite fast around here. We did manage to get £15k off our new house as needs quite a bit of work but we still had to pay a fair price or we would have lost it. Still a bit of a sellers market for certain houses in certain areas!

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