Just before the last budget, we went to view a house that has been reduced from 350K to 320K. EA spoke about the value for money this house was and how an offer of 280K had been rejected. This was followed by a little tale about how the vendor was under no pressure to sell, but she had a feeling that 300K would secure and advised us to place a quick offer to avoid getting into a "potential bidding war" with the other buyer. The house was too over looked so we passed, but was interesting to watch the asking proce on Daft drop below 275K before it went Sale Agreed. Recently went to view a second house with the same EA - in 9 months, the Sales pitch except the reason why the Vendor was in no rush to sell, was word for word to what I was given for the previous house, including the rejected 280K offer. Asking price now @ 280K and the "other bidder" appears to have lost interest - I think I will wait a little while longer