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Debate House Prices


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IF the market was that good why are all the estate agents closed..

geoffky
geoffky Posts: 6,835 Forumite
in Debate House Prices & the Economy
Where i live all the seven estate agents have been closed since last friday and they have not been open at weekends for over 18 months but today a bank holiday they are closed also..it might be due to the fact that the average time to sell a house round here is 242 days.....looks like the market is dead here..
It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.
«1

Comments

  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    geoffky wrote: »
    Where i live all the seven estate agents have been closed since last friday and they have not been open at weekends for over 18 months but today a bank holiday they are closed also..it might be due to the fact that the average time to sell a house round here is 242 days.....looks like the market is dead here..

    even estate agents need holidays. what's your point?
  • ess0two
    ess0two Posts: 3,606 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Perhaps they have been that busy they have taken the bank holiday as it should be.
    Even more puzzling,seems you've gone to the effort of checking each EA,bizarre.
    Official MR B fan club,dont go............................
  • geoffky
    geoffky Posts: 6,835 Forumite
    me and the wife play spot the customer as we drive by..never seen one in there in six months...seriously
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • geoffky
    geoffky Posts: 6,835 Forumite
    chewmylegoff wrote: »
    even estate agents need holidays. what's your point?

    is it not meant to be the busiest time of year??????
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • princessamy86
    princessamy86 Posts: 4,889 Forumite
    Well, yes but we should still get time off! Everybody else has the day off don't they? Or most people anyway. Having said that, here I am at my desk
    Scar tissue that I wish you saw, sarcastic mister know it all, close your eyes and I'll kiss you cause with the birds I'll share this lonely view.
  • macaque_2
    macaque_2 Posts: 2,439 Forumite
    geoffky wrote: »
    Where i live all the seven estate agents have been closed since last friday and they have not been open at weekends for over 18 months but today a bank holiday they are closed also..it might be due to the fact that the average time to sell a house round here is 242 days.....looks like the market is dead here..

    Good one.

    It looks like a case of spin being trumped by reality.
  • davilown
    davilown Posts: 2,303 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I think the biggest problem is that there are so few people working in estate agents now due to the downturn that they are unable to cover all the possible opening hours. On top of that, those who actually want to buy will go at other times - probably gets rid of the 'window shoppers' as well.
    30th June 2021 completely debt free…. Downsized, reduced working hours and living the dream.
  • rent_and_buy
    rent_and_buy Posts: 171 Forumite
    The market is not that good, there have been a few sales and thats about it, some people think the market has picked up but trust me there is going to be a big sting in the tail.

    I think what has happened a lot of people where going to be forced to sell through job losses and then people would put their houses on at bargain prices and this would keep estate agents busy, however what i think has happened the people who would have had to sell, now dont need to due to the very low interest rates.

    This could all change if interest rates go back up, ive seen a property by me it was bought for 269000 in 2007 and it was on the market till christmas and had been reduced to 205000, now i suspect if rates do go up, this house will go back up for sale.

    I
  • rent_and_buy
    rent_and_buy Posts: 171 Forumite
    the only busy estate agents are the ones in here who are trying to justify they are doing a great job:rolleyes:
  • baby_boomer
    baby_boomer Posts: 3,883 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 4 May 2009 at 4:26PM
    For those who have recently joined this board:

    The MSE Estate Agency Closure Thread
    geoffky wrote: »
    me and the wife play spot the customer as we drive by..never seen one in there in six months...seriously
    Many have gone down to a skeleton staff to keep the office open in the last hope of a Spring revival in the housing market.

    One near me has a window full of pretty pictures of happy families as there isn't enough property for sale.
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