Is the market that quiet?

googler

The EA can only theorise about why people are staying away. Unless hordes of folk have told the EA that they're not viewing because they're staying at home watching the footy and spending time with the family, it's all guesswork on the EA's part.

Seems your neighbour bagged the one good buyer in your price range, style and area for the foreseeable future. Maybe there's no-one else out there in a good position to buy in your part of town for the next few months?

Get the previous viewer back and try to split the difference with them, as long as they haven't bought somewhere else in the meantime....

Eric1

Cresswe wrote: »

I've been on the EA almost every week pushing and they say that the market is dead due to the footy and nice weather.

Must be nice weather.
It's a seasonal thing.
http://www.moneywise.co.uk/news-views/2010/02/26/bad-weather-reverses-housing-recovery
"House prices fell back in February for the first time in 10 months, as poor weather deterred would-be househunters."

sonastin

googler wrote: »

Get the previous viewer back and try to split the difference with them, as long as they haven't bought somewhere else in the meantime....

To be honest, if a vendor came back to me after this time, I wouldn't be agreeing to split the difference. I'd be thinking about how much lower I can offer this time. As I said, hindsight is a wonderful thing :eek:

Bullfighter

vaporate wrote: »

What is the point in selling it then lol More to the point, buying it in the first place. Buying a house, overpriced at that, is a lifelong investment.

Simple, by treating our homes as magical money boxes that !!!!!! gold coins we have completely destroyed the ability of an entire generation to buy an affordable and suitable home.

I had lunch today with 3 CEOs, all were crowing about the packet that they had made on their Surrey homes over the past 20 years, but all were bemused that their graduate children were still living at home and needed a £100k plus leg up to get onto the property ladder.

Do you see the problem now?

vaporate

Bullfighter wrote: »

Simple, by treating our homes as magical money boxes that !!!!!! gold coins we have completely destroyed the ability of an entire generation to buy an affordable and suitable home.

I had lunch today with 3 CEOs, all were crowing about the packet that they had made on their Surrey homes over the past 20 years, but all were bemused that their graduate children were still living at home and needed a £100k plus leg up to get onto the property ladder.

Do you see the problem now?[/QUOTE]

I am a member/victim of that generation who will never own a home so yes.

(Unless it is a joint venture on a overpriced flat at 100k lol)

Laugh it off really. Good side to not buying a house is sleeping at night not having hundreds of thousands of possible debt on your head.

Savings instead.

tyllwyd

Another thing you can do - go to home.co.uk, choose the 'house prices' tab and search on your area. Have a look at the 'selling prices' report from April 2000, and you'll find a pretty graph with the number of houses sold. It shows very clearly that the volume of houses being sold at the moment is much less than it was a few years ago.

shoe_gal_84

We had our house on the market for 3 months from April 2010 - the Estate Agents assured us they would really push it, especially when we found a house we loved and put an offer in on.
In the whole 3 months, we had not one person come and view it! In the end, we were extremely lucky, with our neighbours offering us cash for the house, but definitely the market isn't good at the minute.

mattdragon2

I was a FTB last year but I have given up looking for houses for 1-2 years because I refuse to pay so much money for a house that is not worth the price.

Even if I wanted to buy a house with a 50k deposit I can't, because they are still out my range. I have had to look on the outskirts of Cambridge. I would rather not commute 35-45 mins to work and spend tons of money on petrol, stuck in traffic, getting more car repairs, have less money to go out.

Choosing not to buy a house has actually been a better decision than I thought it would be.

You are wondering why you can't sell. It's so easy to answer, the price. Who doesn't want to own their own house in England?
So what's stopping them? The high prices that people want to sell their house for!!

tr8

I would say, is it down to area.
The houses slowed down here, but did not stop and all (except 1 at silly priced) that have gone up for sale near us sell very quickly even 1 in last few weeks only up for 2 weeks.
We are helped by a great school with top reports, 80% of property's are bungalows, and is a well desired area.
I suppose all those poxy leaflets we keep get asking if we want to sell from estate agents also tells a story.
Problem is the prices are silly high, nothing is less than £200k, even a old 2 bed 60's wreck went up for £240k and it needed to be totaly re-built.

poppysarah

Cresswe wrote: »

but we're already down £10K from when we bought it.

House prices can go down as well as up.