Home truths - Excuses to pull out of sales

[Green_Bear]

One agent I spoke to - who says a guy once told him he couldn’t buy a property because he was off to join the priesthood - maintains that he now expects 10-20 per cent of “sale agreeds” to fall through, but he knows of agents reporting 40-50 per cent fall-throughs, often in new homes developments where people get cold feet after putting down a deposit.

He believes there is a large pool of potential buyers around with mortgage approval but they are - understandably - a jittery bunch, influenced by media reports and speculation about falling prices and by the opinions of friends and family. “Nobody wants to be the eejit that paid the top price before the market falls further. People are afraid of paying too much. They are all waiting, waiting and panicking when they hear a report or are talking to a friend who says ‘what are you buying that for’,” he said.

Excuses to pull out of sales lead to tales of hard times for agents
ireland.com/newspaper/proper … 38300.html

[flash]

They are all waiting, waiting and panicking when they hear a report or are talking to a friend who says ‘what are you buying that for’," he said.

And that same friend would probably have told you it was “a great investment” just 12 months ago.

I’ve seen a massive change in sentiment amongst “friends”. Some of those that previously refused to entertain any notion of a fall in the market, now tell me it was always bound to happen, as if they knew it all along. Not one person (apart from Mrs flash) has acknowledged I was calling this over two years ago.

[jake76]

Not one person (apart from Mrs flash) has acknowledged I was calling this over two years ago.

That’s why you married her.

[johnboy]

Mrs. (always) Right? I think I married her sister.

[daltonr]

Not one person (apart from Mrs flash) has acknowledged I was calling this over two years ago.

Would validation from fools make you feel any better about yourself???

Just smile and nod and when the fools are at their most negative about property you’ll know the time has come to buy.

-Rd

[2Gaffs]

@flash

Not one person (apart from Mrs flash) has acknowledged I was calling this over two years ago.

mystic meg has nothing on you! a mere two years until your prediction came true … im whelmed …

[exiled]

@2Gaffs

@flash

Not one person (apart from Mrs flash) has acknowledged I was calling this over two years ago.

mystic meg has nothing on you! a mere two years until your prediction came true … im whelmed …

2Gaffs, you’re beginning to come across as angry about something Don’t bottle it up.

[BertieBasher]

@exiled

@2Gaffs

@flash

Not one person (apart from Mrs flash) has acknowledged I was calling this over two years ago.

mystic meg has nothing on you! a mere two years until your prediction came true … im whelmed …

2Gaffs, you’re beginning to come across as angry about something Don’t bottle it up.

He’s starting to turn, been hanging around the Pin too long.

[daveirl]

@2Gaffs

mystic meg has nothing on you! a mere two years until your prediction came true … im whelmed …

The length of time he had to wait is irrelevant if the fall means that any gains in the interim are wiped out. You don’t seem to understand this.

[daltonr]

a mere two years until your prediction came true … im whelmed …

Considering that there are some highly paid “experts” who are still having trouble predicting this even after it has happened, two years out isn’t bad at all.

-Rd