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i hope they drop 50% even 20%!!!!!!!!
confused31_2
Posts: 1,272 Forumite
My house is currently on the market for 155,000, i have dropped mine over 15000 pound but no one else seems to be dropping the prices of their houses, and they have been on the market for about 10 months.
I was hoping for these big drops but they just havent happened, i bought my house in 1999 for 70,000 pound and to be honest i couldnt afford much more than that if i was going to buy now.
I was really hoping the houses by me were going to drop about 50% but they just havent, is it going to happen???
confused
I was hoping for these big drops but they just havent happened, i bought my house in 1999 for 70,000 pound and to be honest i couldnt afford much more than that if i was going to buy now.
I was really hoping the houses by me were going to drop about 50% but they just havent, is it going to happen???
confused
I am not a Mortgage Adviser
You should note that this site doesn't check my status as not being a Mortgage Adviser, so you need to take my word for it. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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confused!!!
Simple, drop your asking price to £85,000 I'm quite sure others will follow.:rolleyes:
I still believe in the tooth fairy, do you?0 -
Get yours sold. Wait. Take your pick.0
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Well its a catch 22 situation. if your house is on the market you surely do not want the market to drop as even your house price will drop by similar %ages. So if the house you want drops by 50% then your house price wil drop 50% or so which means you will get more nearer to your purchase price.
The only way would be to drop ur price and sell and then wait for prices to come down, but then no one can predict that with a gaurantee that they will drop.
my view is it will drop another 15% or so.:beer::beer::beer:0 -
Try posting in the HPC forum at the top of the page? They're a bunch of whingers too.Been away for a while.0
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Nothing like a good old whinge, im just surprised that with all the posting and the news about house prices dropping, that nothing is happening by me.
Oh well, nothing gained nothing lost, ill just keep my fingers crossed, maybe its just that the people who have got their houses up for sale just dont need to sell that desperately.
confusedI am not a Mortgage AdviserYou should note that this site doesn't check my status as not being a Mortgage Adviser, so you need to take my word for it. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Dont know if it will happen confused. If it does, you will be back to where you were wont you? So if thats the price you can afford, I cant see it will benefit you personally anyway?0
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so you want everyones houses around you to drop by 50%
But your only dropping yours by less than 10%
Do what eco friendly said.........If you find yourself in a fair fight, then you have failed to plan properly
I've only ever been wrong once! and that was when I thought I was wrong but I was right0 -
so you want everyones houses around you to drop by 50%
But your only dropping yours by less than 10%
Do what eco friendly said.........
That would be a wise move i could sell my 3 bed roomed house for 85,000 and then buy a 1 bedroom flat for me the missus and the three kids for 90,000
Like i said whats the point in me dropping mine when no one else is????
I will drop mine in proportion to what other houses do in the area,but to be serious it would be very silly, unless i was desperate, surely even someone of your limited intelligence can figure that out????
confusedI am not a Mortgage AdviserYou should note that this site doesn't check my status as not being a Mortgage Adviser, so you need to take my word for it. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Confused31,
If you've dropped your price to less than others of the same ilk and you still havent had a bite, it's probably that your potential buyers are holding off buying for the obvious reasons or mortgage difficulties.
It's a bit odd that you're wanting a 50% drop when you're selling.
What's your plan if you sell - are you going to rent a while and see how things go?
Other than that, drop a bit more. Good luck.0 -
Dont know if it will happen confused. If it does, you will be back to where you were wont you? So if thats the price you can afford, I cant see it will benefit you personally anyway?
of course it will benefit me, if house prices fall 50%, i was looking to buy in 2007 a house worth 200,000 pound, i was hoping to get 150,000 for mine and borrow about 50,000 pound.
now if my house fell 50% it would be worth 75,000 pound and likewise the one for 200,000 pound would go down to 100,000, which would mean me having to borrow less.
In fact it would mean me having to borrow 25000 pounds instead of 50000 pounds
my mortgage if houses fall for 50% will be for the additional 25,000 will be 159 pound a month, if i was borrowing a additional 50,000 it would be 318 pound a month over 25 years.
So no i wont be back where i was i would be a lot better off, in fact quite a bit better off.
Here just for you if house prices dont come down and i have to borrow 50,000 i would have to pay the bank back 95400 pound.
now if the houses do come down and i have to borrow 25000 pound i will pay back 47700 pound.
So if houses fall 50% i will in fact have saved 47700 pound.
do you understand now?????
I just dont think houses will drop 50%, thats why i cant believe all the people on here saying they will, i hope they do but its not happening now and it hasnt happened by me in the last year.
Im sure i could sell my house if i dropped it 50%, but if no one else drops the price if theirs i will have to move into a caravan.
I could also drop mine another 20% hope to sell, and rent and then hope they fall to this so called 50% that cat695 and hethmar post about in everyone of their posts, but i thinks its just wishful thinking on their part.
confusedI am not a Mortgage AdviserYou should note that this site doesn't check my status as not being a Mortgage Adviser, so you need to take my word for it. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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