Next Year 40% of Buyers Will Be CASH Buyers- The Times.

pickledpink

Max_Headroom wrote: »

You miss the point (hardly surprising I guess since you're desperate not to see it).

If there aren't many buyers, then cash, mortgage whatever, doesn't make a lot of difference, an offer is an offer. In a very strong market where you've four potential offers on the table then for sure, you might pick and choose. However I think it's fair to say this isn't a strong market.

The point is however, that the percentages don't matter, it's the number of buyers (or lack of) that matter.

Oh, and you're really scraping the bottom of the barrel if you're having to pick up typos to "prove" you're right. :rolleyes:

In todays market if a cash buyer comes along (as 40% are predicted to be within one year) OF COURSE the seller will plump for them!

Mortgages are going to become even MORE difficult to get - and even if a buyer came along with a mortgage in approval - there's no guarantee the bank won't suddenly renege on that, Hence, why buyers with cash will hold the TRUMP card.

Can't you 'get' that?:rolleyes:

Incisor

pickledpink wrote: »

... Mortgages are going to become even MORE difficult to get - and even if a buyer came along with a mortgage in approval - there's no guarantee the bank won't suddenly renege on that, Hence, why buyers with cash will hold the TRUMP card.

Can't you 'get' that?:rolleyes:

In a straight fight for any one property between Buyer A with Cash and Buyer B who requires a mortgage, Buyer A will win £ for £ or even 85p for £.

But and but. There are very few houses where there is a straight fight between anyone and anyone these days, let alone fights between cash buyers and those requiring mortgages.

ad9898_3

pickledpink wrote: »

A report in The Times today says that in one year from now 40% of buyers will be cash buyers.

Surely this will make it even harder for people with just a deposit and mortgage offer to negotiate? Every seller likes a cash buyer - we all know that.

So I wonder what effect this will have? I doubt that non-cash buyers will be able to negotiate, and the best bargains will probably be snapped up by those with cash.

http://property.timesonline.co.uk/tol/life_and_style/property/buying_and_selling/article5196748.ece

Thats you knackered then, you live in a caravan don't you, one of those ones towed by a pick-up, tarmacing peoples drives.:D

pickledpink

ad9898 wrote: »

Thats you knackered then, you live in a caravan don't you, one of those ones towed by a pick-up, tarmacing peoples drives.:D

Oooooh I'm not as posh at that!

Now if I lived near BirminGham (such elegance and finesse with their wonderful dialects) or near Stoke - then I'd consider myself VERY posh indeed!!:rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl: :rotfl:

I love the Brummy accent - I hear that people all over the UK are going to have elocution lessons to try and speak just like it!!:j :j

dopester

pickledpink wrote: »

In todays market if a cash buyer comes along (as 40% are predicted to be within one year) OF COURSE the seller will plump for them!

Mortgages are going to become even MORE difficult to get - and even if a buyer came along with a mortgage in approval - there's no guarantee the bank won't suddenly renege on that, Hence, why buyers with cash will hold the TRUMP card.

Can't you 'get' that?:rolleyes:

You're the one not getting it PP.

Do you really think the few people in "cash-buyer" positions are going to be offering anything like what you think the value of your property is?

Of course they won't. As people have to sell, for many a reason, including when people die and the estate are forced to sell the house.... cash buyers have plenty to of property to choose from.

Cash-buyers will set the market prices. Not fantasy-land prices from what asset holders/cash poor people think their property is worth.

Your first post just reinforces the complete education you have got coming your way for a 70%+ house price crash.

pickledpink

70% crash??:rotfl:

In your dreams, DOPE!:rotfl: :rotfl: :rotfl:

Go and do something constructive instead of daydreaming and wishing for things you'll never be able to afford!:money:

Max_Headroom_3

dopester wrote: »

You're the one not getting it PP.

Do you really think the few people in "cash-buyer" positions are going to be offering anything like what you think the value of your property is?

Of course they won't. As people have to sell, for many a reason, including when people die and the estate are forced to sell the house.... cash buyers have plenty to of property to choose from.

Cash-buyers will set the market prices. Not fantasy-land prices from what asset holders/cash poor people think their property is worth.

Your first post just reinforces the complete education you have got coming your way for a 70%+ house price crash.

PP doesn't actually want to understand it, that's the top and tail. Everyone else seems to however.

chinup_3

I'm the negiotiater for two ''cash -buyer'' prop' companies. we're buying at 30 to 34% BMV. Thats MARKET ie surveyors NOT AGENTS [god help us] asking price. 3 to 5 per week deals.

errr.. just thought i'd mention that. please carry on hostilities- i'm just going to watch from behind sofa.

slopemaster

thats interesting.
Seems to me most sellers are still not woken up to reality.
I am a "nearly-cash" buyer - need a small mortgage, no property to sell.
recently put in offers on 3 places, all at around 20% below asking price.
None of them would even talk to me.
So now I'm signing up for a 9 month rental' maybe sellers need a bit of time for reality to sink in.

poppysarah

slopemaster wrote: »

thats interesting.
Seems to me most sellers are still not woken up to reality.
I am a "nearly-cash" buyer - need a small mortgage, no property to sell.
recently put in offers on 3 places, all at around 20% below asking price.
None of them would even talk to me.
So now I'm signing up for a 9 month rental' maybe sellers need a bit of time for reality to sink in.

This is why I think we're so far off the bottom. A lot of people don't need to move, they just want to. The property !!!!!! encourages people to put their stamp on a place and move on. It's going to come as a long cold hard shock to people when their pretty houses don't sell for months and months. I think it'll take 18 months on the market for some of them to realise.

I've got property bee listings where people haven't altered the price since March (when I installed it) - that to me indicates they're in no hurry, and they think that this dip is only temporary.

I think a lot more people have to lose their jobs, more bad news in big quantities and people will slowly finally work out that their house is a home and not a cashmachine.
And sadly I think the whole economy is totally knackered until we can completely disengage the link between it and housing.
We need to make things other than bricks and we need to buy things made in this country and not cheap tat from china etc.

I also think we should stop catching fish in scotland and sending them to china for processing. That's just plain insane.