When is the time to buy a house?
When is the time to buy a house?
14 October 2008, 11:40 PM
#4
They say prices are falling, I know one thats been for sale about a year and same price (my old house)
i'd say anytime in the next 6 months and at auction, that said I was at one recently and of the 30 on offer only 8 sold, sellers reserve prices too high even tho they had a low guide!
i'd say anytime in the next 6 months and at auction, that said I was at one recently and of the 30 on offer only 8 sold, sellers reserve prices too high even tho they had a low guide!
14 October 2008, 11:54 PM
#5
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I get the feeling that there is something of a 'stand-off' - buyers refusing to pay the silly asking prices and sellers not dropping prices to gain a sale.
What we lack is enough forced sales to depress prices
What we lack is enough forced sales to depress prices
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15 October 2008, 08:33 AM
#8
That report says houses down 13% on the year..
I have seen many houses go 20%+ in the last year,i have been keeping an eye on them as we were thinking of moving.
A friend has been trying to sell his 2up,2down for around 12 months now.Started at £159,000,now at £134,995. Still not sold.
Another friend,same style house but different area..House up for £150,000 for 14 months.. had 2 viewings,but wont drop his price..
Think there worth about £120k a piece...
If you go on property snake,some house have dropped 30%+,and in some cases over 50%.......
Do you think that by issuing figures of 13% the government are giving false figures,so we think "it aint that bad"..?
I have seen many houses go 20%+ in the last year,i have been keeping an eye on them as we were thinking of moving.
A friend has been trying to sell his 2up,2down for around 12 months now.Started at £159,000,now at £134,995. Still not sold.
Another friend,same style house but different area..House up for £150,000 for 14 months.. had 2 viewings,but wont drop his price..
Think there worth about £120k a piece...
If you go on property snake,some house have dropped 30%+,and in some cases over 50%.......
Do you think that by issuing figures of 13% the government are giving false figures,so we think "it aint that bad"..?
Last edited by fatscoobfella1; 15 October 2008 at 08:35 AM.
15 October 2008, 10:06 AM
#9
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The 13% Drop is seasonally adjusted and is an average, I too have seen falls of 25% in just 6 months of looking - it's very regional.
David Wilson Homes advert states, "We’ll help you move into a beautiful new home without waiting for a buyer for your old one with our Part Exchange* offer. Plus, we’ll also give you up to £1,000 every month to wards your mortgage until January 2010*. So you can sell your old home and buy a new one, stress free"
Why don't David Wilson Homes just DROP THEIR PRICES!?
In a lot of cases, it's typical of what we are seeing, sellers not dropping prices - doing anything but - there is a mini being given away with a house round here. Everything has its price, we need more distressed sales to pull the rest to realistic levels.
David Wilson Homes advert states, "We’ll help you move into a beautiful new home without waiting for a buyer for your old one with our Part Exchange* offer. Plus, we’ll also give you up to £1,000 every month to wards your mortgage until January 2010*. So you can sell your old home and buy a new one, stress free"
Why don't David Wilson Homes just DROP THEIR PRICES!?
In a lot of cases, it's typical of what we are seeing, sellers not dropping prices - doing anything but - there is a mini being given away with a house round here. Everything has its price, we need more distressed sales to pull the rest to realistic levels.
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