Incentives for users to buy my property

Dithering_Dad

brit1234 wrote: »

Looky like Competition

Sloth from Goonies

Dithering Dad

Repeat after me Dithering Dad "Hey you guys"

Now stop distracting me from intelligent argument, back to the thread.

Are you a prepubescent teenage boy? :rotfl:

Dithering_Dad

brit1234 wrote: »

No he bought about 18 months ago in and had to use parents as guarantor, they also provided the deposit. Far too risky for me.

Unfortunately I wasn't in a position to buy 5 years ago. The cheapest London properties has just gone over £160,000 which was the maximum key workers were allowed to buy with the £50,000 key worker grant. At that point it was clear this was a unsustainable bubble which kept getting bigger to last year.

So, to recap, the reason you don't own your own home isn't because of some prescient housemarket skill that you have, it is simply because you cannot afford one in London and like everyone else, you were hoping that the house market bubble would burst.

I understand now why you covet your friend's homes, they could afford to buy and you couldn't. Anyone else would just shrug their shoulders and think "oh well, it's great that my mates are settled, but I just wish I was too". You, on the other hand seem to resent your friend's status as home owners and take delight in their worries. I name thee Schadenfreund.

Life is hard enough at the moment for a lot of people, including for your 'friends', I think that unless you put away your petty jealousy and start providing emotional support to your pals, you'll come out of the housing price correction with enough money to buy a flat, but with no friends to visit it.

dhassen

lee_d_m wrote: »

Hi,

I've decided to try and sell my property as soon as I can. I've been trying to think of ways to encourage users to buy, and would like to know if it's possible for me to .........

Why would you want drug addicts to buy your property?

mikeyknight

Vendor paid deposits are allowed by a few lenders as long as disclosed on the sales particulars. Two charge a higher lending charge (HLC) if the vendor paid deposit is less than 10% of the purchase price, two have no HLC at all. The only caveat is that the property MUST value up to the full purchase price so there's no point in inflating the price to create a deposit. The main benefit is that the loan to value for the purchaser is deemed to be the net mortgage against the market value of the property. As there are no true 100% mortgages now (with the exception of some 'firststart' products) this means vendors have access to mainstream products without the need for a deposit. The downside for the purchaser is they have to pay stamp duty on the full purchase price (if applicable).

Contrary to some comments above, this is totally legal and not 'spivvy'. If you are selling through an agent, make sure they refer to a whole of market broker for advice. Any questions on this, I'm happy to explain further.

neas

Why is it peopl eare concerned about FTBers now? Last 8 years they been getting shafted sideways by every home owner pushing up house prices.

Now... when they realise FTBers are key.... they want to 'help'... really they only care about selling their house and passing on their overpriced hovel onto some young naive kid.

Wonderful world we live in eh?

carolt

Well done, OP, for taking the hard decision to sell up now.

Out of interest, since the mortgage broker on here - who ought to know - claims this is technically possible, how would you go about doing it? Only tell people who come on and see it? Put it on the particulars? I've never, ever seen a private home sale ad with this on - only on ads from developers.

It would strike me - as a potential FTB - as rather strange and a bit dodgy. I'd wonder why you didn't just reduce the price.

Still, I'm not your target market, as I'm actively waiting till prices fall further and NOT looking to buy now.

Maybe for someone who's 'desperate' to buy, it might appeal? (Do these people exist? Or in sufficient numbers to buy off all the 'desperate' sellers? Just a thought.)

Good luck.

Lotus-eater

neas wrote: »

Why is it peopl eare concerned about FTBers now? Last 8 years they been getting shafted sideways by every home owner pushing up house prices.

Now... when they realise FTBers are key.... they want to 'help'... really they only care about selling their house and passing on their overpriced hovel onto some young naive kid.

Wonderful world we live in eh?

Wow, I've been shafting you sideways for the last 8 years just by living in my house. All while starting a business and a family.
Of course if I'd had known I was royally doing you from behind, I wouldn't have cared, because we all have to take our chances with the system.
Grow up neas.

mr.broderick

carolt wrote: »

Well done, OP, for taking the hard decision to sell up now.

Out of interest, since the mortgage broker on here - who ought to know - claims this is technically possible, how would you go about doing it? Only tell people who come on and see it? Put it on the particulars? I've never, ever seen a private home sale ad with this on - only on ads from developers.

It would strike me - as a potential FTB - as rather strange and a bit dodgy. I'd wonder why you didn't just reduce the price.

Still, I'm not your target market, as I'm actively waiting till prices fall further and NOT looking to buy now.

Maybe for someone who's 'desperate' to buy, it might appeal? (Do these people exist? Or in sufficient numbers to buy off all the 'desperate' sellers? Just a thought.)

Good luck.

Good heavens...I'd say there were a hell of a lot of desperate buyers on here, not saying they can afford to buy at todays prices but believe me they are desperate buyers, i would include you with them..Have a nice evening...I am back...

m00m00

the 'only' sales incentive which works time after time, is selling at the right price for the market/area.

pickles110564

carolt wrote: »

Maybe for someone who's 'desperate' to buy, it might appeal?

What is that saying..................The lady doth protest too much.

Carolt you are the desperate one.:rotfl: