@CaptainRAVE has mentoned some properties have reduced in price and the area i am looking at has a couple of properties that have also reduced in price recently.
So it depends on a lot and you cant say the whole market is insane everywhere, else no property would go down in price?
It is in general crazy but it depends on the actual location and state of property i imagine.
Anyways yes it was just food for thought about offering again but as its above our budget(the asking price) i will wait if ever if that property gets reduced.
If that property doesnt sell in a months time, it may get reduced.
The thing is, i diddnt just look at the above issues it had, i also did research on current values of properties along that road and it was closer to what i offered then to what they asked for......
For instance, a property a few doors down was sold for 140k less almost 3 years ago