We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Busy weekend for estate agents
Comments
-
what you probably have here is the cash rich FTB's and people with lots of equity trying to trade up while the gaps between houses are smaller and interest rates are low
2 things will happen, the few cash rich FTB's will run out pretty fast since most people only have 10%
The chains will fall through on these SSTC since people will find it hard to drop their own home price to make it sell.
ultimately there isnt enough demand to stem the flow of falling house prices and there simply isnt enough money in the system to sustain even these reduced prices.
until mortgage backed securities start to flow again there will be no recovery
sad fact is though job losses are still flowing fast and mortgage rates will have to rise eventually.
so they will probably end up wishing they hadnt of bought0 -
Here are 2 from my saved property list on rightmove
Sold subject to contract Feb 2, Back to Available Feb 7th
http://www.rightmove.co.uk/property-for-sale/property-21056375.html
Sold Subject to contract Jan 24, back to available on Jan 27th
http://www.rightmove.co.uk/property-for-sale/property-11664552.html
It will be interesting to see how many, if any of the ones that went up on the 9th, will be back to available by next weekIt's not easy having a good time. Even smiling makes my face ache.0 -
Wickedkitten wrote: »Here are 2 from my saved property list on rightmove
Sold subject to contract Feb 2, Back to Available Feb 7th
http://www.rightmove.co.uk/property-for-sale/property-21056375.html
Sold Subject to contract Jan 24, back to available on Jan 27th
http://www.rightmove.co.uk/property-for-sale/property-11664552.html
It will be interesting to see how many, if any of the ones that went up on the 9th, will be back to available by next week
The second one went sstc today, i bet the other one wont last that long, it will probably get snapped up tomorrow.I am not a Mortgage AdviserYou should note that this site doesn't check my status as not being a Mortgage Adviser, so you need to take my word for it. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
we will just have to wait and see if they convert to sales, but if i was a first time buyer and i was seeing whats actually happening i would think about making a move, especially if i had a big deposit like you wicked.
Or have you already found a property??I am not a Mortgage AdviserYou should note that this site doesn't check my status as not being a Mortgage Adviser, so you need to take my word for it. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
confused31 wrote: »we will just have to wait and see if they convert to sales, but if i was a first time buyer and i was seeing whats actually happening i would think about making a move, especially if i had a big deposit like you wicked.
Or have you already found a property??
Oh if I had a big deposit, almost 100% job security, and a very good chance of getting a decent mortgage I would definitely be buying right now.
How about yourself confused?It's not easy having a good time. Even smiling makes my face ache.0 -
we have got our house up for sale now, if we sell we will look and then buy, have you found a house to buy now, or is the question to hard to answer??I am not a Mortgage AdviserYou should note that this site doesn't check my status as not being a Mortgage Adviser, so you need to take my word for it. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
-
confused31 wrote: »we have got our house up for sale now, if we sell we will look and then buy, have you found a house to buy now, or is the question to hard to answer??
Why ask idiot questions when you already know we are buying a house?It's not easy having a good time. Even smiling makes my face ache.0 -
so why are you arguing on a post about estate agents being busy, when you are keeping them busy with your house purchase now?
or do you want to be the only one buying??I am not a Mortgage AdviserYou should note that this site doesn't check my status as not being a Mortgage Adviser, so you need to take my word for it. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
confused31 wrote: »so why are you arguing on a post about estate agents being busy, when you are keeping them busy with your house purchase now?
or do you want to be the only one buying??
For us, we are in a pretty damned good position to buy a house, not everyone else is and if you aren't then it is lunacy to buy one right now with the market still falling.It's not easy having a good time. Even smiling makes my face ache.0 -
Wickedkitten wrote: »For us, we are in a pretty damned good position to buy a house, not everyone else is and if you aren't then it is lunacy to buy one right now with the market still falling.
So how do you know these people who have made offers are not in the same situation has you??]#
They might be in a better position than you, we will know in a few months.
i think you will be surprised, people who were not silly who saved when it was boom time, are in a very good situation now.I am not a Mortgage AdviserYou should note that this site doesn't check my status as not being a Mortgage Adviser, so you need to take my word for it. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards