Merry Christmas to all home movers

timmyt

2010 has been an unstable market (though at times with exagerated negative media attention and scare stories) with real job losses and unavailabiltiy of mortgage finance.

With house prices only falling by .1% in November, now may be the best time to buy, before others come crashing in for fear prices may start to rise, and certainly not fall by much more - many people have missed out by waiting for prices to fall.

But make your conveyancing fee work harder for you next year. With VAT rising, your £ should work harder for you - get value for money.

Make sure that you choose a decent conveyancer, never an online one or one recommended by a national estate agent.

View here for a list of things to check you are getting, as smart movers do - or else you might end up posting a misery story on this website:
https://forums.moneysavingexpert.com/discussion/2340533

In the meantime, Merry Christmas to all home movers, and a prosperous 2011.

geoffky

timmyt wrote: »

2010 has been an unstable market (though at times with exagerated negative media attention and scare stories) with real job losses and unavailabiltiy of mortgage finance.

With house prices only falling by .1% in November, now may be the best time to buy, before others come crashing in for fear prices may start to rise, and certainly not fall by much more - many people have missed out by waiting for prices to fall.

But make your conveyancing fee work harder for you next year. With VAT rising, your £ should work harder for you - get value for money.

Make sure that you choose a decent conveyancer, never an online one or one recommended by a national estate agent.

View here for a list of things to check you are getting, as smart movers do - or else you might end up posting a misery story on this website:
https://forums.moneysavingexpert.com/discussion/2340533

In the meantime, Merry Christmas to all home movers, and a prosperous 2011.

I bought in march and moved in aug ..but i welcome falling house prices ,,why do you not ?
Only a idiot would like asking prices to stay high as the prices being asked are just not sustainable for a healthy market..
we have a very very sick housing market and it will stay sick until a price correction happens..
I for one welcome that.
I got a 39% reduction in the asking price.. that was 300k asking price i paid 180k. i dont think i missed out by waiting as i waited three years but many others will also reap the rewards in the coming year or two as prices fall more...

ps are you a estate agent..i am not:rotfl:

Henry_P_Chester

If you ask rightmove they fell by 3% in December and 3.1% in November.

Up until August 2010 the media was (and in many cases still is) massively biased towards house price increases. Thankfully for most people prices are now falling year on year and mortgage lending is plummeting. And most economists even the vested interest estate agent ones are predicting a flat Market and many are predicting much bigger falls.

If you thinking of selling you need to be realistic in pricing and Market as soon as possible and remember if your upsizing then by negotiating a good deal on the house your moving to will more than offset any losses you have to take on the sale of your current house. For upsizers waiting for price to rise is foolish as the move will cost you more. The only people who benefit from high prices are downsizers or those selling to rent.

Generally 2011 looks to be a good year for the property Market. Good for first tome buyers and upsizers anyway.

timmyt

geoffky wrote: »

I bought in march and moved in aug ..but i welcome falling house prices ,,why do you not ?
Only a idiot would like asking prices to stay high as the prices being asked are just not sustainable for a healthy market..
we have a very very sick housing market and it will stay sick until a price correction happens..
I for one welcome that.
I got a 39% reduction in the asking price.. that was 300k asking price i paid 180k. i dont think i missed out by waiting as i waited three years but many others will also reap the rewards in the coming year or two as prices fall more...that's the point, they wont be going down anymore really, now its solely about confidence of people worried about...well only job security...and making sure they can get a mortgage.....

ps are you a estate agent..i am not:rotfl:

an estate agent, nope, just in the housing bsuiness to see first hand

Henry_P_Chester

timmyt wrote: »

..that's the point, they wont be going down anymore really, now its solely about confidence of people worried about...well only job security...and making sure they can get a mortgage.....

That's a bit of a contradictory statement isn't it... You say it's all about confidence, job security and mortgage availability which is true but which of these do you honestly expect to see improve in 2011?

Consumer confidence is at it's lowest point for almost two years just barely above where we were at the deepest point of the recession (http://www.nationwide.co.uk/consumer_confidence/data_download/default.htm)

Tight mortgage conditions certainly won't be easing anytime soon and the FSA are set to implement even tougher mortgage regulation on lending criteria in the next year.

Then there is job security, unemployment is up to 7.9% and set to surge next year as the public sector job losses properly begin. http://www.statistics.gov.uk/cci/nugget.asp?id=12


So really, all things considered a very bleak year for those hoping for prices to rise.

timmyt

availability of mortgages is now at a set level, with more products coming out giving a higher percentage of lending (but not 90/95% though and not likely either) as have falling prices, just Google both, that is a given (the last post's negative comments are unsupported) and neither issue was the point of my email.

even rents are going up and many renters are going to face a shock when their tenancy runs out and the landlord jacks up the rent.

my point is make your money work harder as 2011 will be when movers will be coming back in bigger numbers and so make sure your conveynacre does a decent job or else you will be posting your story on here

good fortune with home moving in 2011