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Debate House Prices
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Average price of FTB properties down 23% since peak says lloyds.
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Say for instance you have a budget between £152,000 to £155,000. Would you look at houses in the region of £170,000 with a view it's a buyers market and houses might be over priced?
That very much depends on the local market, the individual property and the competition for the property.
It may be possible for you to get a bargain, but not necessarily given for granted.
I recently purchased a property 7.5% under the valuation, but we had a lot of knowledge of th property and the sellers circumstances.
There's nothing wrong in placing an offer under valuation in this economic times, but be prepared that the seller may not wish to reduce to that level.
If they do then good for you.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
IveSeenTheLight wrote: »That very much depends on the local market, the individual property and the competition for the property.
It may be possible for you to get a bargain, but not necessarily given for granted.
I recently purchased a property 7.5% under the valuation, but we had a lot of knowledge of th property and the sellers circumstances.
There's nothing wrong in placing an offer under valuation in this economic times, but be prepared that the seller may not wish to reduce to that level.
If they do then good for you.
Easier now than in 2007 yeah?
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IveSeenTheLight wrote: »Indeed it is a different market than the one in 2007.
While the prices are relatively the same, it's a buyers opportunity given less competition.
Exactly. Far better to buy now than 2007. :rotfl:0 -
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Exactly. Far better to buy now than 2007. :rotfl:
Better (Easier) doesn not necessarily mean cheaperProbably better now than 2009/2010 as well, right?Maybe, maybe not.
Depends.
Exactly:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
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