Is anyone still looking at houses to buy?

rilou81

Catatonia wrote: »

Why doesn't she look at a cheaper house/ flat? Even in pricey areas I've looked in (Winchester) there's loads of stuff below £250k that is perfectly decent.

I don't know its up to her and her hubby, they are trying for a baby so want a house they can live in I suppose x

rilou81

Gone off topic a bit-she does not live in winchester by the way ha ha!!!

I am also still watching the market religiously and check rightmove everyday!! I too don't want to miss anything that comes on new or anything that drops the price. We have our eyes on a few properties some which have been on a few months with no price drop, hopeing they drop it next year, if not we will go in with an offer that we feel good about!!

Good luck to all xx

tara747

rilou81 wrote: »

Its with her Hubby, and yes they have been approved for the mortgage with him and its going through. x

You left that bit out

So, anyway... between them, why wouldn't they manage to save even a 5-10% deposit???

rilou81

tara747 wrote: »

You left that bit out

So, anyway... between them, why wouldn't they manage to save even a 5-10% deposit???

They have a 5% and have another 5% coming from a gifted deposit.

I don't want to get into their finances as the original question was never about deposits, I only used them as an example of a gifted deposit that worked for them as an option for what we may do with our house in Jan.
Seems like most people would rather have the £££ knocked off so we will def try that first come 2011!!! x

westlondonbuyer

tara747 wrote: »

Hey, don't worry, it's a buyer's market, nothing is shifting and if it does it's taking weeks, months or (in the case of one of my neighbours) years, so you are very unlikely to miss out.

Thanks Tara. One of the things I've learnt, though, is that local areas are very different. The market is dead where my mum is, and anything that is selling is going at 25% down on peak. Here in West London, houses that are presented in very good condition are still selling very quickly at peak prices. In the past we've been too hesitant, I think, so I've learnt my lesson.

Catatonia

Sorry to bore on about Winchester again, but that's also true for character properties in the centre there, WestLondonBuyer. I guess every market is different so it's vital to get to know the one you're looking in.

tara747

westlondonbuyer wrote: »

Thanks Tara. One of the things I've learnt, though, is that local areas are very different. The market is dead where my mum is, and anything that is selling is going at 25% down on peak. Here in West London, houses that are presented in very good condition are still selling very quickly at peak prices. In the past we've been too hesitant, I think, so I've learnt my lesson.

Peak prices??? :eek:

Are you set on buying in West London, or would you look elsewhere? I say this as someone who would only buy in certain areas here, so I understand your POV.

geoffky

Have a look on http://www.home.co.uk/ and put in your postcode..look at house prices tab and market information and you can see the time its taking on average to sell in your area. my area is 372 days to sell on average. up 44% this year.

Eric1

rilou81 wrote: »

Think thats a very unfair comment that if people can't save 5% they should not be buying.

How about this one: If you can't save £5, you shouldn't be borrowing £100?
It is not about fairness, simply unrealistic to expect that a lender will take all the risk. Even if you find a lender who does, you will pay a very fair price for the risk

edit: BTW, 3 new properties in my area/range this morning, I'm going to view one

adindas

Is there any expert analysis, article to support this ?.
Your information please ???

ADINDAS

myhouse wrote: »

Would like to buy soon, but have decided to wait 12 months - reason is that prices seem likely to be much lower next Christmas than this year. It's never guaranteed but I just feel I'd regret buying now and am in no hurry.