20k on a 395k reduction house sounds like an absolute tiny percentage in this market.
Most people seem to be pushing for closer to 20% or 100k in your case
crazy to think of buying now!
Thanks guys-half thinking that I would be mad to buy
Thanks guys-half thinking thats I would be mad to buy but then I just really want place but ask me this time next year and il prob say thank god i didnt buy...hopefully
A friend last week put in a bid for 8% (35K) less than asking price for a new house in a new developemnt and got declined. What chance is there if develpers and not willing to drop that little amount now
Herd Instinct, you can tell 100,000 buyers to hold off. Prices will naturally drop as demand falls, when they do eventually decide to buy prices will rise again as demand rises. There are plenty of overpriced places out there but there are also bargains,And you would be fully right
Herd Instinct, you can tell 100,000 buyers to hold off. Prices will naturally drop as demand falls, when they do eventually decide to buy prices will rise again as demand rises. There are plenty of overpriced places out there but there are also bargains,
maybe Thomas you're snapping up all the forced sales as there's no other bidders and you'd like to keep it that way.
So what you are advising? Should people forget the haggling and offer the full price asked?
If you are saying I hope that I have the sense to not buy now, then why are you even looking at houses? A lot of posters here continue to post about getting huge money knocked off and that ina years time it will be even lower again (it must be only predicting rises thats banned), One poster says your mad to buy yet is trying to buy a house herself and another thinks comparing apartments in Derry with houses in Dublin makes sense.
The best advice that I can give is to buy for the right reasons at a time that suits you. If taking a step forward in your life entails having a home to call your own and you can well afford it I don't see the madness in pursuing that goal, by all means knock as much as you can off the price but don't be swayed by those that would make you feel like a moron for making up your own mind.
Thomas 22 is on dozens of other threads encouraging everyone who'll listen not to bid within 100k of an asking price. On many of those he admits he's buying himself.
Here's an example from last April. Nobody should take his views seriously
http://www.askaboutmoney.com/showthread.php?t=79889
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