Is anyone waiting til 2014 to buy/sell?

kindofaverage

Just out of curiosity, is anyone holding off / waiting to buy and sell till 2014 with the governments new initiative of up £600,000 on old and new houses please?

ognum

Hmm, I am always thinking of buying and selling it really depends how things are in the market then!

Emmajane1987

I am a first time buyer and I am currently in the buyingprocess now. We were looking to purchase a property in the London borough of Haveringand had been looking for 6 months, I have found that house prices are creepingup. We have a 10% deposit (still not a lot compared to some people) so we didn’twant to or need to use the government scheme. In my opinion when the schemecomes into force in January there will be more buyers on the market leading tomarket values creeping up even faster so we wanted to buy before this came intoaction.


Does anyone think we made a mistake and should of waited orare we doing the right thing?

lawriejones1

There's never a 'perfect' time as these things are all assessed retrospetively.

If yuo want a house, can afford it and have the deposit it is probably the right time to buy somewhere. If it is a stretch, it isn't the right place or you are being forced into doing so, then don't.

SG27

If you selling then buying it doesn't matter, Unless there's a massive change in prices. If your buying a bigger house then you want prices to go down not up.

Turnbull2000

If you're a buyer and have a good deposit (and thus don't need the scheme), move now before house prices rise 10% or so next year as a result. If you're a seller, then it's obviously better to wait and cash in on the Help to Buy fuelled price rises.

pawpurrs

But if your a seller your also prob a buyer so that would only work of pir downsizing! Mine is going on the market now.

Davesnave

Totally agree with SG27. Any livelier market will not benefit those trading up, though it may well increase the number of better quality houses coming to the market, as people who don't have to move decide to join the party.

That's fine, if you also have a good quality house to sell, but of course everyone thinks they have one of those!:rotfl:

Hi pawpurrs, moving on already? Surely Gordon Brown should be in senior school now?

ognum

pawpurrs wrote: »

But if your a seller your also prob a buyer so that would only work of pir downsizing! Mine is going on the market now.

Why you moving on already?

kingstreet

After the last five years, many who have not marketed their property during the crunch will be encouraged to do so when HTB-MG starts, if it appears they may find it easier to sell, or sell at a higher price. It's quite possible supply will increase, although booms in some areas where supply remain low are possible.