Capitalise on house price falls (Buying tips)

brit1234

4. Be upfront about the survey
When you make the offer, warn the seller that it is made on the basis that the cost of any major problems found in the property survey will be discounted from the offer you made. In a buyer’s market, sellers are unlikely to object to this.

That way, if your surveyor finds something wrong with the property, such as damp or dodgy electrics, you can legitimately lower your offer and won’t have to pay the extra cost of fixing the problems.

I think this is the most useful part of the article. It makes sense to put your offer in on the known state of the house and inform the seller that you will have to reduce the offer to cover any hidden nasties that turn up. Then everyone is clear.

Nollag I will put you on my ignore list like your other id Chucky. This article is tips on buying on the buying forum. If you want to discuss the article please do but don't resort to insults instead of debate.

HAMISH_MCTAVISH wrote: »

Not just any trolls..... hpc trolls.....

http://www.housepricecrash.co.uk/forum/index.php?showtopic=147882

Hamish I think it was you who was a member on House Price Crash not me. If you have any tips for buying pleas add them.

nollag2006

twit1234 wrote: »

Nollag I will put you on my ignore list like your other id Chucky.

Noo!!!!

Not the ignore list?? Too close to the truth for you, eh?

What ever became of the cheeky little copper who used to love telling the world that house prices are due to fall 70% by Christmas 2009?

twit1234 wrote: »

This article is tips on buying on the buying forum. If you want to discuss the article please do but don't resort to insults instead of debate.

Exactly, so why do you continue to peddle your ridiculous philosophies on house price falls in this forum when house prices are rising rapidly round your way?

Pathetic

carolt

nollag, you are are not in a position to criticize others for their predictions.

Your predictions in summer 2007 that house prices would never fall at all and in fact would keep going up ad infinitum weren't exactly borne out by events, were they?

nollag2006

carolt wrote: »

nollag, you are are not in a position to criticize others for their predictions.

Your predictions in summer 2007 that house prices would never fall at all and in fact would keep going up ad infinitum weren't exactly borne out by events, were they?

What?

I never predicted house price rises after Q1 2007 - they had just gone too high at that time.


I got out of the market then, and say on my hands until Q2 2009.

My main home is back up above 2007 levels, and my BTLs are 15% up YOY.

:T

If you want to compare yours (or twit1234's) prediction record, I am happy to do so anytime or anyplace

Doctor_Gloom

brit1234 wrote: »

Hamish I think it was you who was a member on House Price Crash not me. .

That's very true. And he got banned for being a complete and utter troll.
It's funny because he does exactly the same trolling on MSE but hasn't got banned yet. His days are numbered I suspect.

brit1234

Would anyone here think of gazundering? Personally I wouldn't like to do it, think it is a little morally wrong.

However putting in cheeky offers I think is fair play.

Henry_P_Chester

Excellent post. Some very good tips for anyone looking to buy at the moment.

Unfortunatly a useful post has been ruined by idiots from house prices board.

HAMISH_MCTAVISH

This article also wrongly assumes prices are falling significantly, which of course they aren't.... Some indices are positive, others slightly negative, at worst you may be able to claim prices are stagnating.

Also from Lovemoney.

The current drops noted by some indices could well be the start of a downturn in the housing market, or they could be a blip caused by economic and political uncertainty. We have just had a fairly turbulent few months politically after all!

One way to get a broader picture is to look at the longer-term indicators, such as the quarterly or annual house price data. Here the picture isn’t quite so bad.

Halifax says house prices fell back a tad by 0.1% in the second quarter of the year compared to the first, although it still reckons average house prices were 6.3% higher in June 2010 than in June 2009.

And Nationwide is even cheerier. Its 3-month-on-3-month index, widely regarded as giving a smoother picture of price trends, says prices rose marginally from 1.7% to 1.8% in June. And it puts annual house price inflation at 8.7%.

In addition, the main providers of indices haven’t made any changes to their predictions for the year, which remain generally flat.

Halifax said in its June report that, despite the falls of the last few months, prices are in line with its expectation that they will remain broadly flat over the course of 2010.

Nationwide also predicts a flat market and, in this month’s house price report, it added that the impact of the recent Budget on the housing market would probably be neutral in the medium term.

Rightmove reckons that, while asking prices will probably fall over the second half of the year, the overall picture for 2010 is still stable prices, as they have already risen for 10 of the last 14 months.

If these three are right, then a housing market that neither rises nor falls in 2010 isn’t really something to panic about, is it?

http://www.lovemoney.com/news/make-good-property-decisions/house-prices/dont-panic-over-falling-house-prices-5176.aspx

nollag2006

Henry_P_Chester wrote: »

Excellent post. Some very good tips for anyone looking to buy at the moment.

Unfortunatly a useful post has been ruined by idiots from house prices board.

Given that you are a regular on the debate house prices board Henry - do you include yourself in that generalisation?

Hilarious that the chief morons, twit1234 and rewired (both the same poster), have thanked this post.

It speaks volumes

:rotfl:

nollag2006

HAMISH_MCTAVISH wrote: »

This article also wrongly assumes prices are falling significantly, which of course they aren't.... Some indices are positive, others slightly negative, at worst you may be able to claim prices are stagnating.

Also from Lovemoney.

http://www.lovemoney.com/news/make-good-property-decisions/house-prices/dont-panic-over-falling-house-prices-5176.aspx

Come come Hamish - this is twit1234 we are talking about. It's bound to be emotional, blinkered pessimistic nonsense

:rotfl: