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Right time to buy????????

Hi my girlfriend and i are currently renting and are looking to buy. Can anyone give me some advice on when they think the best time to buy will be??? Thanks
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Comments

  • nickj_2
    nickj_2 Posts: 7,052 Forumite
    not yet , wait until next year at the earliest and see how the situation is
    mean while ask your landlord for a rate reduction or tell them you're off
    there's plenty more houses to rent
  • poppysarah
    poppysarah Posts: 11,522 Forumite
    How much deposit you got saved? Cleared all debt?
  • JamesRees wrote: »
    Hi my girlfriend and i are currently renting and are looking to buy. Can anyone give me some advice on when they think the best time to buy will be??? Thanks

    See how things are looking in 12 months, but definately not before.
  • brit1234
    brit1234 Posts: 5,385 Forumite
    I still reckon I can get 50% off peak by Christmas 2009. I've already seen 50% off some property already in the area around London where I live

    Hold out for as long as possible and save. Prices are going to fall for sometime yet and won't rise again for years.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • ad9898_3
    ad9898_3 Posts: 3,858 Forumite
    Not now, surf the net. HPC.co.uk and the house forum on here. Should give you enough info to not buy for at least 18 months.
  • if you feel the time is right for you then do it.
    we are in the midst of buying a house and as we got it for £23k under asking price and we are happy with mortgage payments then now is a good time for us
    You got to get through what you've got to go through to get what you want but you got to know what you want to get through what you got to go through.
  • ktuludays wrote: »
    if you feel the time is right for you then do it.
    we are in the midst of buying a house and as we got it for £23k under asking price and we are happy with mortgage payments then now is a good time for us

    Asking prices are meaningless. If I had a one bed flat and put it up for a million quid, would you think you'd got a bargain because you got 23k knocked off?

    You're happy with it which is the main thing but I fear you overpaid.
  • wymondham
    wymondham Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    Buy in a year or so and your mortgage payments each month will be considerably less than now plus you'll be paying far less in interest over the term ...... for the same type of house .. have patience

    plus, the state of the economy will be much clearer and possibly improving so improved job security might be on the horizon...

    (just trying to think of another way to say wait!)
  • JamesRees wrote: »
    Hi my girlfriend and i are currently renting and are looking to buy. Can anyone give me some advice on when they think the best time to buy will be??? Thanks
    After 1991?
    Been away for a while.
  • thanks people,

    i have nt got a deposit saved because i m in the navy and i m getting deposit sorted out through them.
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