Houses

Cleaver

nearlynew wrote: »

Nice house and all that.

But in reality, without all the bullsh1t of the boom, worth about £130k

Unfortunately the "bullsh1t of the boom" happened. So it's worth more than £130k. I know what you mean though.

Do us a favour though Nearly, give the agent a call tomorrow and offer £130k. See what response you get.

Cleaver

LydiaJ wrote: »

There was a lovely couple a few years ago who wanted a paddock for their camels, for example. Could you and Mrs Cleaver get some exotic animals with bizarre housing needs?

That's a very good point. Maybe we could get in touch with the producers and say we want a property with enough land to build a giant pair of trousers to house our 58 award-winning ferrets?

brit1234

Cleaver wrote: »

Is there any chance you can come to Manchester and chant your rhetoric at the Estate Agents and house purchasers / sellers here? They are all merrily selling and buying houses at silly money.

I'll pay for your train and you can sleep in our spare room if you like.

Thanks

Its going to take time I'm afraid. This whole rise thing has been taken me aback. Internationally the stimulas is running out I think it going to be a few months before people realise whats happening.

Estate agents, Peter Bolton King and Hamish are still going to ramp in the mean time.

nearlynew

Cleaver wrote: »

Unfortunately the "bullsh1t of the boom" happened. So it's worth more than £130k. I know what you mean though.

Do us a favour though Nearly, give the agent a call tomorrow and offer £130k. See what response you get.

People talk about supply and demand.
Well supply and demand works like this....

lots of people like yourself to say, "f*ck off, I'm not paying that price"

then lots of people who are selling say, "f*ck off, i'm not selling at that price"


Eventually you arrive at a suitable price.
Sometimes, that means that one of you has to take a big hit.

At the current state of play, the odds are that if you wait a while it will not be you.

Cleaver

brit1234 wrote: »

Thanks

Its going to take time I'm afraid. This whole rise thing has been taken me aback. Internationally the stimulas is running out I think it going to be a few months before people realise whats happening.

I dunno really. I see stagnation over the winter but nothing really changing over the long term.

As I've said before on here, we're just flirting with the idea of buying at the moment. Part of this is to get to know areas of Manchester ready to buy over the next 12 months so there's no rush, but I am getting sick of communal living in flats and all the noise it brings so if we see a great place at the right price we'll buy.

Today in the estate agents was just like when we bought our first house at the end of 2003.

"I like this one"
"Oh, we've got three offers on that one. I can book you a viewing, but I think it will be off the market by Monday".
"This one is cool too".
"Yes, that's a nice place. It came on last week and we've had around 15 viewings this week and one offer for £5k below, but they want to wait for the asking price."
"What about this one?"
"Oh, I apologise, I should have taken that down, we sold that on Wednesday."
"God, this one has a horrible bathroom".
"Yeah, needs a lot of work that one. Shall I book you in for a viewing?"

Now, I know EA lie, but you get a general gist for what's going on. The girl in the one in Heaton Moor today was telling us how surprised she was at how busy they were and how many places are selling close to asking.

I'd love to think this is because of low IRs, government stimuli, foreign buyers taking advantage of the weak pound... but I don't think it is. I have a horrible feeling it's just British people getting their fix of expensive housing all over again. I guess the next 12 months will prove me right or wrong on that one.

wageslave

It is all about quality of life Cleaver.

I lived in one of my familys flats for a year or so after I ran away from home. I hated it. Postage stamp size, no storage and worst of all it felt like I was co-habiting with my neighbours. And I was living there pretty much rent free.

I really dont see the point in sitting miserable for 6 months to save a few grand. Life is too short.

b0rker

Wow.

A massive U-Turn from Cleaver.

It just goes to show that VI is absolutely everything on this board.

You sold your home recently Cleaver?

Were you complaining about the over inflated price that you sold your house for or did you do the decent thing and knock 15% off the price to make sure that your house was the market price in your old area?

Cleaver

wageslave wrote: »

It is all about quality of life Cleaver.

I lived in one of my familys flats for a year or so after I ran away from home. I hated it. Postage stamp size, no storage and worst of all it felt like I was co-habiting with my neighbours. And I was living there pretty much rent free.

I really dont see the point in sitting miserable for 6 months to save a few grand. Life is too short.

You've pretty much summed up my attitude to it all in that last line.

However, our flat is actually pretty nice. It's an old 1920s block (you could call in art deco at a real push, but not really get away with it) with nice thick walls. We have two bedrooms and quite a big lounge. Celings are quite high too. However, a small kitchen and bathroom and although there is probably only one night every four weeks where we get woken up by noise, that's enough.

And we want a garden with a veggie and herb patch, a place to park the car, an art room for the Mrs, an office for me as my role is working from home more and more... so you're right, I don't want to put my life on hold for these things for the sake of money. Although I also don't want to pay £200,000 for something that should really be on for £160,000. So we'll see.

Cleaver

b0rker wrote: »

Wow.

A massive U-Turn from Cleaver.

I hope you can pick up the slight humour in my posts. And I don't think it is a U-turn, I've never really been going in any one direction.

b0rker wrote: »

You sold your home recently Cleaver?

Yes.

b0rker wrote: »

Were you complaining about the over inflated price that you sold your house for or did you do the decent thing and knock 15% off the price to make sure that your house was the market price in your old area?

We did the decent thing. We bought it in 2004 and we put it on the market in June 2009 for around 10% less than we bought it for to get a quick sale with no messing about. It was a nice house and priced very competitively. We had two offers in the first week and sold for the asking price after 8 days to FTBers. The last thing I wanted was our house priced stupidly and sitting on the market for 18 months, just like the ones we're seeing now. Get it priced well and get it sold.

I'm not really a bull or a bear, I'm just saying what we saw today. Loads of houses on sale for more than any house on that street has ever sold for. Houses on the market for more than they were bought for in August 2007. That's just crazy, even in this market.

Edit: Sorry b0rker, but I've just got to ask. You said: "Were you complaining about the over inflated price that you sold your house for or did you do the decent thing and knock 15% off the price to make sure that your house was the market price in your old area?". This implies that you'd be somehow stupid to sell your house at the market price whilst the sensible thing to do would be to put it on at an 'over inflated' price. Surely only the market price gets something sold?

Heyman_2

Cleaver wrote: »

I'm not really a bull or a bear, I'm just saying what we saw today. Loads of houses on sale for more than any house on that street has ever sold for. Houses on the market for more than they were bought for in August 2007. That's just crazy, even in this market.

I agree, that's ridiculous - but remember that these people will be being advised by Estate Agents who 'value' their property.

Obviously they aren't under much pressure to sell.

BTW - where are all the usual Bears on this thread to tell us how they can see 20 properties in your area on Property Bee that have dropped in price by 80% over the last 3 months?