Ignore what you being told - definitely not everything is going for way over HR. And don’t chase nutters that do offer silly money.
We bought a house in Newton mearns last year - a real hot spot for house prices. I went back and checked how much each of the 25 odd houses we viewed over the course of a year actually sold for - the range was from 2-17% over the HR with the cast majority being between 5 and 10% over HR.
Interest rates are now going to start rising and global economic conditions are getting worse. This will put a cool (but prob not a drop) on the housing market. |