Is It me??? or ....

lauren1983

Hi everyone,

Maybe im been optimistic here! But does it not seem that there are alot more new threads about people making offers, offers been accepted and people actualy been able to sell!!!

Prices went up last month!!! Things maybe picking up ???Or maybe a blip???

QTPie

There DOES seem to be a lot more activity:
- many more viewings
- more offers being made
- more offers being accepted.

Probably a combination of:
- sellers pricing their property more realistically
- Spring happening (traditionally a time of higher interest in buying)
- buyers have been refusing to buy the past 6 months or so and thinking "b*gger it, got to get on with our lives some time".
- sellers being more realistic about the offers they receive.
- there are also more investment buyers around (the person who offered on my house is fed-up of his money not working for him in a bank...).

I think that the house price rise was a "blip" (and it wasn't reported consistently across agencies anyway...), but hopefully we will continue to see a bit more "movement" - allowing people to get on with their lives...

QT

Debt_Free_Chick

PropertyBee shows more SSTCs this month in my area than the previous 3 months put together!

There was a thread somewhere about a whole load of SSTCs appearing over the w/e 7/8 Feb.

I wonder if lenders are starting to release some funds .....?

Cat695

House prices rising when we're in a recession and more and more people losing jobs.....only us brits could do it!

Stuff it I'm gonna blow my deposit on that 68 Mustang I saw on Auto trader the other day.

stolt

I'm wondering at what sort of price range these SSTCS are appearing, what I would class as a higher end house 450k upwards has had no movement in mine or surrounding areas. I must admit to seeing a couple go up. I think QTpie hit the nail on the head and sellers just coming on the market are pricing there houses realistic in this climate, and there are some buyers that wanted to hold for a few months when his recession started to kick in to see where it was going, at the end of the day the bottom has to b reach sometime and I dont believe houses are going to drop 50k. What do i know, i'm only someone trying to buy a house so if there is more movement Ive got my fingers crossed that more houses will be coming on the market.

Debt_Free_Chick

stolt wrote: »

I'm wondering at what sort of price range these SSTCS are appearing, what I would class as a higher end house 450k upwards has had no movement in mine or surrounding areas.

In my area, those in the range £400k to £1m are now SSTC!

I must admit to seeing a couple go up.

I posted on another thread about 3 or 4 within 3 miles of me that had increased the asking price around 7/8 Feb in the range £250k-£400k

All very odd

I think QTpie hit the nail on the head and sellers just coming on the market are pricing there houses realistic in this climate, and there are some buyers that wanted to hold for a few months when his recession started to kick in to see where it was going, at the end of the day the bottom has to b reach sometime and I dont believe houses are going to drop 50k. What do i know, i'm only someone trying to buy a house so if there is more movement Ive got my fingers crossed that more houses will be coming on the market.

My local independent agent (whom I trust and will appoint when I come to sell) tells me that new (potential) buyers have registered too

stolt

well i'm still not convinced, in my area at least. I do hope to see some more little green triangles on some houses on rightmove, it mght tempt a few more to stick there houses up.

Will watch this thread closely to see if is a national trend. Will be interesting to see.

confused31_2

i think most of the houses that have gone sstc are first time buyer properties that are at the begining of the chain, im in the next bracket up from a first time buyer, but i will not look until i have sold mine and i suppose its the same with the people whos houses i will be looking at. people are not going to look at higher priced properties has they are waiting for the chain to climb up to them.

Hopefully this is just the begining, but there are still a load of first time buyer properties gone sstc in february.

QTPie

confused31 wrote: »

i think most of the houses that have gone sstc are first time buyer properties that are at the begining of the chain, im in the next bracket up from a first time buyer, but i will not look until i have sold mine and i suppose its the same with the people whos houses i will be looking at. people are not going to look at higher priced properties has they are waiting for the chain to climb up to them.

Hopefully this is just the begining, but there are still a load of first time buyer properties gone sstc in february.

Actually quite a few of them are going to investment buyers, rather than FTB... Myself and a few others on here have gone under offer to investment buyers (if you look at the "Those selling in difficult times..." thread).

Many FTB are, apparently, are still struggling to get the finance together (deposits and, more to the point, backing from cautious mortgage lenders).

Investment buyers have the savings/equity to step in quickly when they see the bargains... Most of the others will be people who are not necessarily FTB as such, just people returning to the market after an absence (i.e. renting for a while or living abroad etc): these people will have a sizeable deposit and be buying further up the chain.

Mine is a "higher priced" property and is still "under offer" to an investment and cash buyer - which really surprises me

I think that the SSTC will be fairly sporadic and unpredictable. I also think that a sizeable number of them will fall through (mainly because people don't manage to realise the mortgage backing) and not get to exchange.

QT

confused31_2

I started a thread about investers well savers buying first time buyer properties instead of using the banks, maybe thats whats happened, i dont want to go down that route again i had everyone having a go at me.

it upset a load of people:rolleyes:

http://forums.moneysavingexpert.com/showthread.html?t=1461955&highlight=scramble

good luck with your sale

SavingSteve

Cat695 wrote: »

House prices rising when we're in a recession and more and more people losing jobs.....only us brits could do it!

Stuff it I'm gonna blow my deposit on that 68 Mustang I saw on Auto trader the other day.

Mmmmm....
http://search.autotrader.co.uk/es-uk/www/cars/FORD+MUSTANG/Ne-2-4-5-6-7-8-27-44-49-53-61-64-67-103-133-146-236,N-240-4294966429-4294967194/advert.action?R=200850325110857&distance=10&postcode=ub11aa&channel=CARS&make=FORD&model=MUSTANG&min_pr=&max_pr=&max_mileage=&vehicleYearOfManufacture=1967&vehicleRegLetter=