Ftb's Are Back!!!!!!!!!!!!!!!!!!

besonders1

Its true that SSTC sign really says nothing until contracts are exchanged. Maybe many FTB's are just overwhelmed at the "discounts" on homes (well, I haven't seen any bargains yet!) and just made impulsive offers because they don't want anyone else to zap them up. I have seen a similar thing in my area but about 50% of the sales fall through. Personally I don't really care what or when anyone else decides to buy as its their money, it just seems as though we have created a culture of mortgage lending that has suddenly been turned off like a stoptap and now sellers have become "out of touch" with their prices thinking that banks will still lend at this rate. I suppose the saying "ignorance is bliss" for some people.

Cat695

confused31 wrote: »

i started a post the other day about blt's and savers buying property, and i was dismissed has being a troll, however if first time buyer properties are having offers on them people want them, i know if i was a first time buyer and i seen the house i was interested in all of a sudden getting a lot of attention, i would be thinking whats going on here??

Im not going to miss out again, you say about new builds, just imagine the discount the landlords woud have got from buying new builds, if i had some spare cash i would offer bottom price for a few new houses.

you saying about buy to let landlords buying houses, are they stupid??? or can they see, they are picking up bargains?? 15 to 25 houses you say thats a real good sign.

is it also a good sign that unemployment is now at 97 levels and getting higher,......JESUS reading the signs you idiot

confused31_2

Cat695 wrote: »

is it also a good sign that unemployment is now at 97 levels and getting higher,......JESUS reading the signs you idiot

this post has nothing to do with unemployment, why dont you hijack another thread, if you have nothing to offer about first time buyers coming back, why are you posting on this thread you idiot!!!

You might be a first time buyer and your not buying now fair enough, but does that mean other first time buyers have to put their lives on hold because of other peoples situations.

Where not all sheep and we can make our own minds up if we, or if first time buyers want to buy, do you seriously think people are not going to buy because you say people are losing their jobs.

Smell the coffe you idiot, peoples lives go on and if that means them buying their first home then let them do it, we all know people are losing their jobs but that doesnt mean the people who are not losing their jobs can get on with their lives.

it makes me laugh you see that 6 first time buyer properties have gone under offer and you get quotes like they must be btl's.

I went and viewed new builds today and 15 to 25 were snapped up by buy to let landlords.

The thing is if these properties are having a lot if interest and people are making offers, there will be no need for people to lower their prices, bottom line that is what you dont like.

Wickedkitten

Ok, looking on Rightmove in that area for houses that are SSTC and there are 6 houses that are SSTC out of 84, most of which have been on rightmove since August of last year. If you actually look at B46 on Property Snake, sure the biggest change is 7% but there have only been 7 houses that have actually had a price drop, one of them which is a 2 bed that has been on the market for 484 days and has had a price drop from £128,950 to £124,950.

The house with the biggest drop is a 3 bed has been on for 33 days and dropped from £113,995 to £104,950

http://propertysnake.co.uk/site/postcode/b46/1/change_desc

confused31_2

Wickedkitten wrote: »

Ok, looking on Rightmove in that area for houses that are SSTC and there are 6 houses that are SSTC out of 84, most of which have been on rightmove since August of last year. If you actually look at B46 on Property Snake, sure the biggest change is 7% but there have only been 7 houses that have actually had a price drop, one of them which is a 2 bed that has been on the market for 484 days and has had a price drop from £128,950 to £124,950.

The house with the biggest drop is a 3 bed has been on for 33 days and dropped from £113,995 to £104,950

http://propertysnake.co.uk/site/postcode/b46/1/change_desc

Mind you we dont know how much the ones that have gone sstc, have been offered, they might be well below, but there are not many big drops in the area.

nice post cheers

tommy75

confused31 wrote: »

just have a look at the area i have stated above, maybe its just that area, but it is definately picking up whether you like it or not, im sorry you are not in a position to buy has a first time buyer but obviously the people who are buying htese properties have.

Having said that the prices in the are the biggest drop i can find on property snake is 7%.

Im not going to argue you with you because you want houses to fall by 50% by christmas or you think they are, but i can definately say you wont find a house in this area by christmas 2009 that has fell by 50%.

if you are going to argue your case show me the proof like i have.

Proof? From what? 6 houses? What do you want? Another housing bubble like this one where housing is even more overpriced? Where familys continue to struggle through life with heavy financial burden. And what if Gordon Brown gets it 'right' and creates even more pain for many families in the near future with even higher dept, let alone another near colapse of the banking system and more bailouts. Is this what you want? I can understand people over the last 10 years and later who got on the ladder and just saw their houses pour out free cash having this opinion but it has to stop somewhere.

confused31_2

tommy75 wrote: »

Proof? From what? 6 houses? What do you want? .

I dont want nothing, i was just saying first time buyers are back, not all of them but some, theres a lot of people going round saying the markets dead, and by me before christmas it was, now 6 first time buyer properties have sold with 4 weeks from the middle of january, before that there was none.

Im not saying this will kickstart the market

Now the place these 6 properties have sold is not a massive area, plus other people are posting that viewings and offers are happening, whether its good or not, i dont know do you???

I dont want anything im just stating a fact, if people want to buy they will, they are not bothered what me or you say, so what do you want?????????

QTPie

confused31 wrote: »

Now the place these 6 properties have sold is not a massive area.

Er, no - 6 houses haven't sold (yet)

confused31 wrote: »

I dont want anything im just stating a fact, if people want to buy they will, they are not bothered what me or you say.

Agreed - sensible people will get on with their lives and wont just stop everything worrying what the market will or wont do. Yes, it is important to get a good deal, but life can't and shouldn't stop completely

QT

themanbearpig

confused31 wrote: »

I dont want nothing, i was just saying first time buyers are back, not all of them but some, theres a lot of people going round saying the markets dead, and by me before christmas it was, now 6 first time buyer properties have sold with 4 weeks from the middle of january, before that there was none.

Im not saying this will kickstart the market

Now the place these 6 properties have sold is not a massive area, plus other people are posting that viewings and offers are happening, whether its good or not, i dont know do you???

I dont want anything im just stating a fact, if people want to buy they will, they are not bothered what me or you say, so what do you want?????????

If you're so confident that the market is turning, go buy until you're in debt to your eyeballs!!

But don't try and convince others against a mountain of real, not anecdotal evidence, that prices have stopped falling, and then get arsey when people try to explain that essential parts of our economy - which are related to house prices - are getting worse everyday!
We are just at the beginning of what is going to be a very bad global recession, with the added twist the credit crunch. Historically events like these do not recover in 12months, and will unfortunately affect everyone of us for a generation. To deny this, and say houses in the UK are isolated from a complete crash like we have seen on the stock market is pure ignorance. But as the old saying goes - a fool and his money are easily parted.

confused31_2

themanbearpig wrote: »

If you're so confident that the market is turning, go buy until you're in debt to your eyeballs!!

But don't try and convince others against a mountain of real, not anecdotal evidence, that prices have stopped falling, and then get arsey when people try to explain that essential parts of our economy - which are related to house prices - are getting worse everyday!
We are just at the beginning of what is going to be a very bad global recession, with the added twist the credit crunch. Historically events like these do not recover in 12months, and will unfortunately affect everyone of us for a generation. To deny this, and say houses in the UK are isolated from a complete crash like we have seen on the stock market is pure ignorance. But as the old saying goes - a fool and his money are easily parted.

thanks im glad you know and i dont:T