Hi Board,

We all have seen prices drop for a few months now. We are looking for our first home and need some advice on how to deal with greedy Estate Agents and Home Owners.

Any Tips welcome!

Tip No1

There will always be someone lurking over your shoulder who is prepared to offer a higher price to your low offer.
Mel.

Thank you for your sarcastic answer, Melboy. Guess you are an EA

Not at all, you asked for tips and you got one!
I am NOT an EA
Mel.

here's another top tip.

Find a seller who's desperate to sell, make a derisory low offer then have a survey which you can use as an excuse to knock even more money off, finally keep them waiting for months and months before threatening to withdraw on the day of exchange unless they drop it further.

(at least thats what normally happens to me)

Mel an EA? Wash your mouth out

The OP asked the same question back in the autumn and got quite a few replies. I suspect an agenda.

quote:

Originally posted by velvet:
Mel an EA? Wash your mouth out

The OP asked the same question back in the autumn and got quite a few replies. I suspect an agenda.

I suspect a troll!!

Those trolls and their agendas....

Depends on how big a discount you want. IMO, if you want 5% off, then wait about 6-12 months.

If you want to go for about a 30% discount, you may have to wait 3 years.

I recommend you get a homebuyer survey, they are an excellent tool for negotiating price down as they identify issues with the house and property.

quote:

Originally posted by Og0tai:
Hi Board,

We all have seen prices drop for a few months now. We are looking for our first home and need some advice on how to deal with greedy Estate Agents and Home Owners.

Any Tips welcome!

How dare you link home owners and estate agents together. Will you become a greedy owner when you sell your first home. That's if you manage to buy with your low offer and not offend every home owner you view.

quote:

Originally posted by wendyc:

quote:

Originally posted by Og0tai:
Hi Board,

We all have seen prices drop for a few months now. We are looking for our first home and need some advice on how to deal with greedy Estate Agents and Home Owners.



Any Tips welcome!

How dare you link home owners and estate agents together. Will you become a greedy owner when you sell your first home. That's if you manage to buy with your low offer and not offend every home owner you view.

Calm down wendyc
This was a Troll posting probably intent on winding people up....posts something controversial then never to be seen again on the Forum. Ignore it.
Mel.

You guys are priceless.

I need to provide for my family and need to live in a reasonable distance to where I live. I cannot afford anything unless I can get a reasonable price, there are people out there that cannot afford a house.

I dont care if prices go up or down, I want a home for my family. I really cannot borrow more then 4 times my salary at the moment houses are at 5.5 times my salary and their owners want to make over a 100K profit. So give me a break!

Og, wait and save then mate. THings dont happen for free. I am saving 80% of take-home at the moment, I dont have much of a social life, I dont smoke, rarely drink.

If you want a home for your family, firstly wait, becuase this recession that is about to hit will wipe off a LOT of value from the uk housing market.

Secondly, get a deposit. I am not talking about some Cruddy 5K deposit like barratts would ask for, I am talking about 25% of your realistic purchase price. Banks would chew their arm off to get hold of you. Its not unrealistic. You have, in my estimation, 3 YEARS to achieve this before prices start going up again. (ignore this months rightmove figures, its got lots to do with lower volumes registered of new first time buyer homes and nothing to do with average asking prices, thats why they dont break down the changes in asking price by home type).

Batten down the hatches, get used to tesco/asda value (even if you earn 40k+) dont go on holiday, dont drive gthe car unless you have to. If you want to moan about not getting on the housing ladder thats fine. JUst make sure you are making the sacrifices that mean you have earned the right to moan.