First time buyer is it the right time now?

jenjade

geoffky wrote: »

I really feel sorry for your financial naivety...looks like in your world the biggest boom in history is going to be followed by the shortest bust in history.....ps look at the job losses everywhere...

Job losses are not everywhere a lot of sectors have not been effected and probaby won't some jobs we need regardless or the way the world is.

My job is very secure and very unlikely to go anywhere as it is a service which will remain around as it is not funded by the public!

I think Downs got a bargain. just my opinion

geoffky

confused...nice to see you have changed your outlook amid the overwhelming evidence..but at least a bull can change its spots....

confused31_2

Its a great time for first time buyers and the next 12 months is going to be very interesting, if you see a property and say its at 140,000, it might be worth offering say 115000 and remind the estate agent how fast prices are dropping, you might be lucky and they may take your offer.

confused

geoffky

jenjade wrote: »

Job losses are not everywhere a lot of sectors have not been effected and probaby won't some jobs we need regardless or the way the world is.

My job is very secure and very unlikely to go anywhere as it is a service which will remain around as it is not funded by the public!

I think Downs got a bargain. just my opinion

please watch the six o clock news and the expected figures are for more than 1.5 million people are going to lose their jobs this year,.....i consider that amount spine chilling.....

if downs got a bargain then your idea of a bargain amounts to very little..houses and their prices are just resetting back to normal times i would not consider anyone getting a bargin just paying normal prices again instead of the lunatic prices some poor fools had to pay...

jenjade

Yes it is but it will not effect all jobs we will still need doctors and nurses and teachers etc. some jobs are as safe now as they were last year. Mine is one of those. actually i have been offered more hours only this week.

It is very scary for all the people whos jobs are at risk and it is shocking!

downs523

it is shocking of how many jobs are going. worrying times, but as said above alot of jobs are secure. im currently in the army and am planning to join the police force within the next 6 months.

confused31_2

geoffky wrote: »

confused...nice to see you have changed your outlook amid the overwhelming evidence..but at least a bull can change its spots....

Ive never advised any first time buyer to buy now, but if i had a deposit and i was first time buyer i would look and if something did catch my eye i would make a cheeky offer.

The reason i disagreed with the other person is he his a know it all, and having gone through his posts he cant make his mind up what he wants to do, he was saying dont buy for another 15 months, but last week he told his estate agent to make a offer on a house for 255000 pounds max.

So why would someone who does that advise someone not to buy now, its like saying im okay to do it but your not, well whys that then?

jenjade

Confused31 thanks you so much for your comments a lot of them are spot on including the one above. Great advice i will keep my eyes open and try not to fall in love then if i see something i like i can go for a low offer and if they say no i can wait!

Thanks jen

mbga9pgf

confused31 wrote: »

Ive never advised any first time buyer to buy now, but if i had a deposit and i was first time buyer i would look and if something did catch my eye i would make a cheeky offer.

The reason i disagreed with the other person is he his a know it all, and having gone through his posts he cant make his mind up what he wants to do, he was saying dont buy for another 15 months, but last week he told his estate agent to make a offer on a house for 255000 pounds max.

So why would someone who does that advise someone not to buy now, its like saying im okay to do it but your not, well whys that then?

Only because it was an offer 30% below asking, which I did mention on the other thread, which you forget to mention here... :rolleyes:

Lots of errors in confuseds posts too, like how to divide one number with another.

I would agree though, if you were to find an absolute rock bottom house or haggle a big reduction and you have the cash, go for it. If you cant, then hang on. Prices arent going up for a good while yet! :rotfl::rotfl:

Cissi

jenjade wrote: »

I am re entering the battle field i created as the OP!

I have looked into morgages etc and to be able to live comfortable i need to find a house to buy for about £110,000 make. so i think this one is out of reach slightly. unless i get a house that is for sale for £155k for £110k? It has been on the market a year and is empty but there is an offer on it at the moment?

Thanks for all the information.

Jenjade, I think you have nothing to lose by making an offer of £110k! That's almost exactly the same percentage reduction as the offer we've just made, I'll let you know how we get on They'll probably turn it down but who knows - and if you give it another 6 months things may look different again. Way better than overstretching yourself, especially in the current climate.