John, I hope you time it right for your next purchase just so you can prove us all wrong

 

Looks like valuers are helping push prices down to a realistic level too

BBC NEWS | Programmes | Moneybox | Buyers blocked by low valuations

 

Edited for accuracy.

 

I also noticed that Valuations are coming in at less that the agreed price ..... thats not to say it is a low valuation, maybe just an accurate valuation which appears low to the disillusioned seller?

 

 

Sir Stelios Haji-Ioannou, the founder of easyJet, is calling the bottom of the property market.

House prices: Is it time to go back into property? - Telegraph

 

In London, and for commercial properties.

Let's hope he doesn't lose too much

 

Stelios the property expert?! Nope.

He has so much cash than he can afford to make errors - and he hasn't put his money where his mouth is yet.

 

Other than Mr Righmove.com, or maybe Mr Foxton!!!

 

As far as I know Mr Foxton sold his company for approx £600 million just prior to the property crash, so quite savvy actually

 

Finally got my mortgage sorted out so me and the girlfriend have just exchanged contracts on a brand new 2 bedroom flat

Got a great deal in the end as well

 

Congrats. Glad you got a deal you were happy with.

 

because ,thats all that really matters .!

A place you will hopefully get a lot of pleasure out of .At a price your happy with .

Enjoy .

 

Have I ever said anything different?

Whilst I think, quite rightly IMHO, that property is stupidly priced, anyone who buys a home they like, at a price they're happy to pay, has done well in my book.

 

A house should be a home, if that is the purpose for which it has been bought.

For those looking for some capital gain, however, things are a little different ..... hitting the bottom of the market is the goal, is it at the bottom? no-one really knows!

 

Just bought my first home at an absolute bargain price. Chuffed to bits with it and it's my home, not an investment !

 

Not saying I disagree with you ,just saying he has done well if hes happy with the price ,the property etc.For him that should be all that matters .Which is what your saying .

I think .

 

I'm looking for my next home.

A 10 year + place. I still won't pay an inflated price.

I've been putting the agents through their paces today and they're all saying I won't get the house I want in the area I want with my budget.

I like a challenge and will rent until I win!

 

Well done Avi .
Where have you purchased in Manchester ?


Looks like the bottom has arrived SSU .

 

I'm very pleased about that - I have been hunting for a second property for 9 months now - I have yet to see a 'Bargain' ....... simply a few 'well priced' properties.

Flats and Apartments 'look' like bargains at the moment ... that's just because very few people will consider them.

In such a transparent market it is hard to land a bargain ... the only way would be to buy privately at well below market price.

 

Haven't you been doing the auction rounds?

 

NO, I want to buy something that everyone else wants too ..... a lesson I learned many years ago is not to buy something which needs to be sold cheap or in a hurry.

 

Lots of last minute repsossessions going at auction. They never got on the open market to be snapped up.

 

Not sure I really understand that. Yes, often quite a lot of the property at auctions is rubbish, but there is plenty of good stuff in there aswell. Stuff I would describe as 'prime'
Prime property needs to be disposed of quickly aswell for many reasons.

 

Prime property, priced right, will sell within a day on the open market. I know, I would buy it!

I have bought a property (over 20 years ago now) which I thought was a bargain as I knocked the price low and ignored the gut feeling which yelled DON'T BUY!!! ...................... result? hated the place from day one, took 8 years to get out of it!

Bought other properties where I had to beat others to buy and they have been the best places I have owned .... and, been the ones which have a queue to buy when I sold (to a point where you go to sealed bids).

Been buying and selling since way back and the rule has held true on every single occassion ... buy what others want, but beat them to it.

 

I remember an estate agent telling me years ago "its easier to sell a dump in a good area that a palace is a bad area"

I live in a very good area