I'm a FTB , started house searching since last Dec, feel frustrated. So difficult, thought I'm extremely bad on this, wondered why people is willing to get new home every few years with this level of stress... Now I understand why, wish I found this topic earlier. Nevertheless, better late than never! Thanks @Momniscient
Before searching, I did my homework online : offer 10-15% below asking price, promo strong point such as no chain,cash buy...etc.Non of these advices worked for 2022🙃
No chance if you offer £1 lower than asking price.
Here is a recent example in london --A house on rightmove description : viewing from 10Feb. 5 days before 10Feb, I phoned EA to book viewing, EA said: we already got 20 viewers booked in coming Sat, most likely we'll have an offer, I doubt I can book you in another date (I requested 14Feb).
20 viewers in same day! I hope the EA got time for lunch break🙄
Only take 3-5 days for a nice propety to get STC on Rightmove since it first published.
On the other hand, there are some properties reduce price a lot or few times! I saw one reduced twice, total dropped £70k within few weeks...Alao a lot got "reduced" label (not sure if some are EA strategy)
Many posts on EA website or Rightmove/Zoopla doesn't show under offer or STC, but most of them are more likely to be gone already. I learnt, if EA doesn't get in touch soon after I request, 99% the property is under offer.I wish they update the label then I don't need to have false hope!!
So, Into March, still tough for buyers. I just pulled out from a property tonight because of a bad survey. I don't take this decision light as I know how hard to get this stage.
I start to convince myself renting is not too bad at all 🙂