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Property/DIY

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Original poster

Vendors deluding themselves!

61 replies

NorthernLurker · 01/04/2008 13:57

Title says it all really - some people are totally out to lunch when it comes to setting the price aren't they? I've just seen a house on rightmove new onto the market. There is a house on the same development which has been on the market for a year I think. Not sold despite the vendor offering to pay the higher rate of stamp duty. The new on the market house looks to be very similar - but is on the market for 8000 more - with no stamp duty offered! How in the world do they think they are ever going to achieve anything close?

OP posts:

clam · 01/04/2008 17:28

Depends on the rental property. I've rented twice before, and both times managed to get somewhere really nice.

Fizzylemonade · 01/04/2008 17:30

Ah Cushioncover you are in lovely Cheshire. I was born in Lancashire, I married a Lancashire boy but we live in Yorkshire. Hence why housing here is much cheaper (don't flame me oh people of Yorkshire)

We are definitely going to have to move so we will just have to go with it. I love walking to school with DS1 so we want to live close enough that I can still do that. Even when it pours with rain we just pop on our waterproofs and off we go.

Fortunately we live in a 3 bed on a nice estate and we want a 4 bed. The majority of the houses are 4 beds so we have a lot of choice. Our 3 bed is quite large compared to others and hasn't been extended, so no box room for bedroom 3 it's almost a double, hopefully that will make it appealing over the others that are currently on the market.

southutsire · 01/04/2008 21:18

One of the places I'm watching on Rightmove has been on for 9 months at 479k, and they've just reduced it to 475k. Oh yes, that'll do it.

Am LMAO at fizzylemonade's post about a house having been reduced 'for a limited time only'. So they'll put the price up again if it doesn't sell? Another sure-fire winning strategy...

cushioncover · 01/04/2008 21:48

It's not that our rented house isn't nice, it's just that it isn't ours. I can't do anything or change anything. I can't put pictures of my kids up or shelves in their rooms. I'm also constantly worrying about handprints on the wall or spills on the carpet.

I just want to be settled.

WideWebWitch · 01/04/2008 21:50

ooh HELLOOOO!
Yes, I agree. We made an offer on somewhere last year at 16% below asking and it's STILL on.

Original poster

NorthernLurker · 01/04/2008 21:52

I remember you making that offer! Bet the vendor wishes he'd taken it now

OP posts:

WideWebWitch · 01/04/2008 22:01

I BET he does too. The estate agents came back to us you know, six weeks after he'd turned us down and said could we go another £5k as he reckoned it would swing it. But by then I'd posted " on here would you buy a house that had been flooded?" and had SUCH a resounding NO that there was nfw!

expatinscotland · 01/04/2008 22:01

unless he's one of those vendors who finds any offer under than 20%+ over what he paid for it within the last two years 'insulting', Northern.

Twinklemegan · 01/04/2008 22:01

Cushioncover - we've just bought again after renting for six months following a relocation. Renting a place, however nice, really makes you appreciate owning your own home, warts and all. I'm over the moon about it.

mistlethrush · 01/04/2008 22:26

Fizzylemonade prices in Yorkshire are very variable aren't they? Even in a single town/city, and even two streets apart... Its something that surprised me coming from down south to up north was how 'mixed up' cities were with properties worth £50k just a street or two away from properties worth £400k plus.

I'm in it for the long run here - although house next door, smaller on ground floor, was sold for £85k more than we paid 4 yrs ago - they decided not to sell in the end and pulled out of their sale. We would need to do a bit on internal decoration to meet the interior quality, but the extra space downstairs is considerable. So I hope we've got a reasonable cushion - as long as it doesn't go down too much from the level we bought it at we'll be happy.

BrummieOnTheRun · 02/04/2008 14:34

I reckon these people just like seeing pictures of their kitchens on the internet

This week there has been ONE price reduction on rightmove in the property 'bracket' we're looking at. Maybe two if you include the 5k someone knocked off their 430k house (that'll sell it then!).

What, oh what, are these vendors expecting to happen in the next few months that will magically deliver a wave of fresh new buyers to the market desperate for their house?

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