Why are houses going so quickly these days!!?...

mr.broderick

FoxtonsRIP wrote: »

I've noticed quite a bit of ramping from new members of MSE lately. Ho hum......maybe estate agents at a loose end ?

Nope i'm not new and before our recent holiday we were looking for an investment property and anything with any kind of value being snapped up within days. Sorry if this goes against anything that you would like to happen.

littlemissfrugal

I'm not new either and having just sold my house can make the observation that competitively priced properties are being snapped up and theres lots of viewings taking place on most of the ones we have seen.


I am not related to or know by any association apart from as a client ANY estate agents and have received no money for this post

Banderman

Estate Agents, god love 'em, you'd think they'd have something better to do than come on here and make stories up. LOL

GracieP

littlemissfrugal wrote: »

I'm not new either and having just sold my house can make the observation that competitively priced properties are being snapped up and theres lots of viewings taking place on most of the ones we have seen.

That's nothing new though. I sold my house last year after 20 days on the market. Evreyone was talking about how the market was at a complete standstill but we had 15 viewings and 4 offers.

Why? Because we priced our house £20k below our competitors.

Would I have been able to sell this year for that price? Maybe if I re-floored the house in solid gold.

Would I be able to sell next year for the price I'd get today? Extremely unlikely.

All that's happening now is that vendors are doing their homework before coming on the market and accepting the lower valuations given to them by EAs who have seen a year or two (depending on where they are) of prices falling. They also are starting to worry that if they don't sell for whatever they can now, they will sell for less next year.

Debras_Angel

littlemissfrugal wrote: »

I'm not new either and having just sold my house can make the observation that competitively priced properties are being snapped up and theres lots of viewings taking place on most of the ones we have seen.


I am not related to or know by any association apart from as a client ANY estate agents and have received no money for this post

Ditto, never have been or will be an estate agent, no offence to the EAs who post with helpful info.

tommy75

This another of those 'sock puppet' threads?


Anyway, bring back gazumping and sealed bids on houses.

Don't miss the boat, buy now.

Don't bid the asking price, bid well over just to make sure you get it.

Lie about your 18k per year wage, tell em your on 50k so you can get that 2 bed terrace with damp you always wanted.

I must point out, I'm not an Estate agent, I work for the council.

Beardmidget

Rollerball wrote: »

Maybe because they aren't?

Well- that's not strictly true. Stock is relatively low at the moment because people would rather not sell in this market unless they have to. SOME properties coming fresh onto the market may be better priced/ presented than the stuff which has been hanging around for a year or two, and there are still buyers out there who actually want to buy, meaning there is fastish turnover of a top few percent of properties which are on-and-off the market quickly.

The existence of rightmove etc means that if something nice/ well priced does come up, it will attract attention, and some people do have a reason for not wanting to hang around.

And no, I'm not now, nor have I ever been an EA... nor do I have a property to sell (inside leg measurement anyone?)

tommy75

Oh and the mortgage rates are the best for years for FTB's with deposits under 40% of the cost of the house so don't worry about that.

tommy75

In my area, people are paying WELL over asking price, at least 30%. Spring bounce? Spring bargain!

tommy75

comon FTB's ! Whats wrong? Theres NEVER been a better time to spend over 150,000 on a 2 bed terrace in the North of England.