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Original poster

It's a Buyer's Market: experiences in 2023/2024 ?

503 replies

wheretolivehelp · 14/09/2023 19:26

Just wondering what other buyer's experiences have been like on this side of 2023? Any horror stories? Issues with sellers? Guzumping? Guzundering? Problems with EA?

There's a few threads with Seller's experiences on MN (many saying their buyer can't afford the mortgage for their (overpriced?) property and so re marketing them).

What good and bad experiences have you had as a buyer?

Hope this thread will be useful to the buyers of 2023 and 2024!

OP posts:
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12
CrashyTime · 19/03/2024 14:37

dzungf5 · 18/03/2024 20:27

I'm a FTB looking to make purchase, made two offers recently, both marketed as 'offers in region of' first i offered the offers in region of figure, and they went with higher offer, second i offered the offers in region figure but they declined offer as they want 10k over offers in region price. It's frustrating as i filter on right move for the upper limit, and generally dismiss overs in excess of, i didn't realise offers in region of meant they wanted well over. These are basic 2 bed terraced houses, that haven't had much internal change since sellers initially bought 3-4 years ago but seen to be wanting 30-40% greater than initial purchase.

Don"t fall for this B.S from sellers, did your lender (if you have one) value the properties?

dzungf5 · 19/03/2024 15:53

CrashyTime · 19/03/2024 14:37

Don"t fall for this B.S from sellers, did your lender (if you have one) value the properties?

Show quote history

No, thankfully both didn't get pass initial offer stage.
One had pushy estate agent who suggested I should meet with their in house mortgage advisor to see if I can increase offer and even when I said it was my max budget she said take this evening to think about it and I'll give you a ring in the morning! It's put me off looking at anymore with that particular agent.

CrashyTime · 19/03/2024 16:49

dzungf5 · 19/03/2024 15:53

No, thankfully both didn't get pass initial offer stage.
One had pushy estate agent who suggested I should meet with their in house mortgage advisor to see if I can increase offer and even when I said it was my max budget she said take this evening to think about it and I'll give you a ring in the morning! It's put me off looking at anymore with that particular agent.

Show quote history

EA sounds clueless, they should be trying to wake the seller up to a price drop not get you to offer an amount that your lender will just dismiss when they value.

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