Anyone Nervous?

Cannon_Fodder

Have to say the stupid Agent on half the properties in Tenterden is confusing me, and probably the market, by continually pricing using a "range"...

Who is going to see a "range" and offer above the bottom? Especially when they have been on the market for a year, often. Madness.

EAs are supposed to want the market to unclog...?

http://www.rightmove.co.uk/property-for-sale/property-17594707.html?locationIdentifier=REGION%5E1327&sortByPriceDescending=false&radius=1.0&pageNumber=3&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DREGION%255E1327%26sortByPriceDescending%3Dfalse%26radius%3D1.0%26index%3D20

Just go in and offer "under stamp duty" on all they have under £200k, or with a "range of £170,00 to £200,000"....

Send all the friends you have to view and offer, repeatedly. Just to give the EAs something to do besides dreaming up stupid ways of marketing properties.

If that was my property, I would be seething that the start of the range is way too low, and risks attracting someone who will make a low offer, assuming the low end is not the correct valuation...if the low end is the correct valuation I would be seething that the agent was wasting my time in not getting it sold by pretending it should go for more...

chucky

a range - what kind of business is that!?

do as Cannon Fodder says, if you do bid make sure it's under the stamp duty threshold.
look at 3 or 4 properties that you like make bids on all of them very low and take it up to your max - one of them will bite at some point.

take your time and make sure your mortgage is at a good rate too.

nearlynew

As chucky says, but............

you don't necessarily have to take it up to your max.

Walter_J

Study this graph.

This is what the life cycle of a speculative bubble looks like. We are currently experiencing the 'bull-trap'. A short-lived recovery in house prices is exactly what one would expect. Look what happens next, though!

mewbie_2

Walter_J wrote: »

Study this graph.

Thanks Walter, what an excellent graph. Very useful, and exactly where I think we are too.

wheresmydoshat

i definately will attempt to use PB again, for some reason it didn't work when i installed it last and i didn't have time to find out why.

yes i agree with the price range issue. one property we like has a price range of £195k to £240k. when i asked how it could be so huge i got the old:

"the lower figure is the absolute minimum the vendor would go to if necessary, but the max is what they would hope to get if two buyers were fighting over the property. usually they are aiming for somewhere in the middle"

they think they're gunna get TWO buyers ???!

chucky

Walter_J wrote: »

Study this graph.

This is what the life cycle of a speculative bubble looks like. We are currently experiencing the 'bull-trap'. A short-lived recovery in house prices is exactly what one would expect. Look what happens next, though!

nice graph and i don't discount that it is wrong - it may be very accurate but seeing that it doesn't have a Time value across the x-axis the graph could have started at any point in time when we have come out of a HPC - 1993, 1982 or 1975.

the reason i say this is because if you look at the actual length of time we've had from from First Sell Off (August 2007) to Bull Trap (Now) is about 20 months in actual time.

so if people are saying it's where we are now that would mean that the next phase is about 4 times this period so at least five years until the next bull trap.

luvpump

Dan: wrote: »

Is anyone getting slightly nervous from holding out buying?

Are we now at the bottom of this recession?

• House Prices Up - (they have not fallen during 2009)
• Pound Rising on signs that the worst of the recession is now over
• FTSE recovering
• Interest rates at 0.5% and cheap mortgage deals

Has Gordon done it?


Is the 'feel good factor' back among the general public and home owners?

Would you consider buying now, or risk another decade of paying someone else's mortgage?

No, this is the Epitome of a dead cat bounce !! I have a large deposit & will not be parting with it till next year ...

Dan:_4

luvpump wrote: »

No, this is the Epitome of a dead cat bounce !! I have a large deposit & will not be parting with it till next year ...

Hopefully interest rates will still be this low next year.

Dan:_4

Walter_J wrote: »

Study this graph.

This is what the life cycle of a speculative bubble looks like. We are currently experiencing the 'bull-trap'. A short-lived recovery in house prices is exactly what one would expect. Look what happens next, though!

Im fed up with this graph, it's all you have as an 'argument' these days. :rotfl: