|
Post by Sasha on Jun 30, 2006 19:06:31 GMT 1
I agree with: the prices are bound to fall soon.
|
|
|
Post by capio on Jun 30, 2006 20:26:33 GMT 1
I am not an expert on this, but i really wouldn't be so sure. In England just like croatia prices are inflated and bare no relation to the average income potential yet they keep going up despite very short lived falls.
|
|
|
Post by lojalnost on Jul 1, 2006 8:10:38 GMT 1
...no expert either, but I know that the recent rise in house prices in the UK was due to first time buyers finding new ways of raising money and an increase in company bonuses. BUT how would this transfer to the Croatian situation where there is definitely a lot of speculation based on future demand. Croatians can now get mortgages but they are based on extremely high rates. Well if you've got the money to gamble then gamble, if not stick to a more established market. Or something like that! Blur! www.bloomberg.com/apps/news?pid=20601086&sid=a9KQ1Duvx.5E&refer=latin_americaCroatian economy growing! A rise in housing loans....
|
|
|
Post by bear42 on Jul 1, 2006 8:24:56 GMT 1
We made an offer on a property on the island of brac.The price was €153k and when we made the offer the agent told us that the price was moving up,so we asked the new price and were told €188k....I asked the agent about logic of this action by the owner as the property was not selling at the previous price and was nearly a year and a half on the market.
She looked at me as though I was mad.................am I?
|
|
|
Post by lojalnost on Jul 1, 2006 8:44:08 GMT 1
...you should have socked the agent...hard!
|
|
|
Post by Ribaric on Jul 1, 2006 11:50:08 GMT 1
I know this position well (bear42). I have developed another tactic which isn't working but it does give the sellers/agents a shock. When it comes to the asking price I tell them.....
"I have no interest in the asking price, I will decide what it is worth to me and what I would be willing to pay - if this is not enough then there won't be a deal - End of..."
This has one advantage, it makes it clear that you are clear about what you are doing and what you will / will not pay. There is one disadvantage, you may decide to pay more than they would have asked (unlikely) so you need to put your money where your mouth is.
I short, you decide, not the seller. I call it "rule No 1".
|
|
|
Post by capio on Jul 1, 2006 12:28:48 GMT 1
Ribaric, you'll beat eating sarma 5 times a day and driving a yugo soon. They're balkanising you.
|
|
|
Post by lojalnost on Jul 1, 2006 12:47:23 GMT 1
yes, what happened to bear, would surely fall under the Misrepresentation of Prices Act in the UK.
|
|
|
Post by Ribaric on Jul 1, 2006 12:53:26 GMT 1
Pa Neh!!!!! I will nekad become Hrvat!!!!!
Moj Yugo je odlican, starts first time........every Sunday.... in summertime.
Maybe imas pravu. Oh Boze! What's happening mi je?
|
|
|
Post by lojalnost on Jul 1, 2006 14:24:25 GMT 1
Don't worry Rib, we're here for you.
|
|
|
Post by Ribaric on Jul 2, 2006 9:53:55 GMT 1
Hvala! ;D
|
|
|
Post by irac on Jul 2, 2006 13:32:04 GMT 1
I think a lot of the mess here is clear from the owners. If you want to sell, you'll sell (within reason). My colleagues had an awful experience with 2 clients who came in, decided to buy together and found a lovely farmhouse. The price was ˆ65,000 so they were advised to bid around ˆ55,000 to see if they might bargain. The bid was semi-accepted, the clients had a handshake agreement and began organising finance. Within 24hours the ˆ62,000 price suddenly leapt to "at least ˆ100,000", I got dragged into it to explain to the clients, so I sought an answer, it was....."My friends told me the house is worth this so I won't accept less." I told the clients the truth and they walked away v disappointed. The house was dropped like a hot rock.
I began to wonder why was this? I can only figure that one of two things: 1. Locals are stupid and greedy, 2. that they don't really want to sell but want to see what they can make.
Or maybe I'm reading all this wrong?
|
|
|
Post by lojalnost on Jul 2, 2006 14:22:07 GMT 1
Is it just the Croatian way. You put your house up for sale in the UK, the buyer puts in an offer under the asking price, you ask for a bit more, they give you a bit more, everyone's happy.
I think the RIB METHOD is the right one then. Put in an offer, walk away. May be this will bring prices down a bit.
|
|
|
Post by irac on Jul 2, 2006 17:37:57 GMT 1
I wonder if it's something to do withthe over riding arrogance of people here, that they are of virgin born? I'm tarring here, and it's not fair, but just try coaching teens/adults and they begin telling you what is a better way to coach and play (when they've only just begun the sport), it's always good to explain that only putting 7 into a scrum can cause the odd broken back, but at least it's not as bad as "tradesmen", if that's not a horrible description of beer-breathed shirkers.
|
|
|
Post by lojalnost on Jul 2, 2006 18:06:50 GMT 1
That's it then, the house isn't really worth 600 000 euros, its just that the owner wants everyone to know that THEIR house is worth 600 000 euros. Yes that's very Croatian, everything is always worth thousands of euros more than it actually is. In Jamaica if you buy an expensive item of clothing it is important not to remove the price tag so everyone else can see how much it is worth.
|
|