Everything is selling fast, within hours if priced right.

MrRee_2

pops5588 wrote: »

Ok....I won't pretend to know much

True.

Read post number 1 ..... my daughter has just bought and my nephew wants to. I am assisting them both.

In ADDITION I want a holiday home ..... I know they are different markets.

I also have a neighbour who has sold recently, after 18 months with no offers!

Therefore I am in all markets, from starter homes through to bungalows overlooking the sea.

They are all booming ..... when did you buy your place in Hampshire?

Tancred

MrRee wrote: »

I'm looking for a property, have been for a while. My daughter has just bought, my nephew wants to buy.

We are at different price points ...... whatever comes on goes Under Offer within hours, then SOLD STC a couple of weeks later.

We are in Hampshire ..... is it on fire where you are?

If it has yet to hit your area and you are hesitating, get in right now before your market leaves you too.

If the house is attractive and correctly priced, in an area where there is high demand, yes of course it will sell quickly. I live in Berkshire and anything decent sells within 1-2 days. What's left is the 'tired' properties and the overpriced ones.

MrRee_2

spirit wrote: »

Erm "small pockets and areas where people wouldn't want to live"?

what about Basingsoke, Gosport, Southampton, Portsmouth Eastleigh/chandlers Ford - all hampshire towns as you know.

and "even the dross is selling without dropping prices" this one for example http://www.rightmove.co.uk/property-for-sale/property-40059133.html?premiumA=true is what I would call dross (being from Winchester) has been for sale for months and months. Even the professional landlords seem to have given it the thumbs down ( it is near Winchester Uni)

I'm not at all sure what point you are trying to make?

You pick one house that is still for sale after a few months - and?

I could show you lots where they didn't even take photo's or print any details off which have sold higher than asking price.

The 'general' movement is one where buyers are outnumbering the houses for sale and therefore prices are rising, fast.

MrRee_2

Tancred wrote: »

If the house is attractive and correctly priced, in an area where there is high demand, yes of course it will sell quickly. I live in Berkshire and anything decent sells within 1-2 days. What's left is the 'tired' properties and the overpriced ones.

True.

But, just 12 months ago, even good quality stock was taking ages to sell and then had to accept lower offers.

My point is that now no offers are being accepted and properties are selling before hitting the general market - or, are selling quickly if they do make it to market.

Dross is selling because that's all thats left ... and people are starting to panic buy in case they get left behind.

There has been 25,000 extra jobs created in Estate Agents in the past 3 months - that simply doesn't happen in a dead market!

pops5588

We bought ours last month. In Hampshire. For £9,000 below the asking price. So, I may not know much, but I am apparently in the middle of the market that you claim to know so much about but I have not found what you're saying to be true. Yes, the house prices are above average but getting on the ladder is not impossible. We're not London!

MrRee_2

pops5588 wrote: »

We bought ours last month. In Hampshire. For £9,000 below the asking price. So, I may not know much, but I am apparently in the middle of the market that you claim to know so much about but I have not found what you're saying to be true. Yes, the house prices are above average but getting on the ladder is not impossible. We're not London!

You bought last month ... which means your offer went in in March/April?

I think you will find the market around you has moved now - so much so that you would not now be able to get £9k off your property.

witchy1066

this houseing market thing is strange
were I live house prices in the "primark" range are rising steadily but the "marks and Spencer" range are sticking on the market for longer even after reductions,
I think this is down to wages being below national average in S wales , also I found while looking for new home myself that builders were buying the "primark" range but instead of buying to rent they are buying ,revamping and selling somewhere between the 2 price ranges ,
and before anyone starts to say the poor areas will always have problems, the areas I am talking about are rural and coastal

witchy1066

princessdon wrote: »

I live on the east coast and its all families, but we are close the nearest city (10 miles) with good links.

same as above but S Wales , most areas have a 2nd home policy and sellers would sell to locals before "weekenders" even at a lower price :T

Tancred

MrRee wrote: »

True.

But, just 12 months ago, even good quality stock was taking ages to sell and then had to accept lower offers.

My point is that now no offers are being accepted and properties are selling before hitting the general market - or, are selling quickly if they do make it to market.

Dross is selling because that's all thats left ... and people are starting to panic buy in case they get left behind.

There has been 25,000 extra jobs created in Estate Agents in the past 3 months - that simply doesn't happen in a dead market!

Where I live the number of houses on the market has unusually low since the early part of the year, and this is largely what has pushed up prices. Panic buying has taken place in some cases - largely the sort of houses that couples with kids buy - 4 bedroomed etc. Two and three bedroomed houses have not been selling as well.

MacMickster

MrRee wrote: »

True.

But, just 12 months ago, even good quality stock was taking ages to sell and then had to accept lower offers.
My point is that now no offers are being accepted and properties are selling before hitting the general market - or, are selling quickly if they do make it to market.

Dross is selling because that's all thats left ... and people are starting to panic buy in case they get left behind.

There has been 25,000 extra jobs created in Estate Agents in the past 3 months - that simply doesn't happen in a dead market!

And yet, in February 2012, you posted this

I've been telling you all that Houses are selling FAST here in the South ... and at more and more ridiculously high figures!!

Now, I am witnessing properties coming to the market with SOLD signs in the garden - yes, they haven't even reached the market before being snapped up.

And the prices being paid now are eye watering .... the FTB's have got their deposits now, the BTL Landlords are chasing the same properties and the Baby Boomers are moving down into the same sub £250k Places ................. demand is massive and people are buying in their droves.

There is a big imbalance now between sellers and buyers - 10 buyers for every 1 seller.

There is a boom happening and it will hit the North this spring - the wise will grab what's there in the North RIGHT NOW!

and later

It's Xmas and we need to agree on some things ... I've put a few facts together:-

1. Houses are selling very fast in the South.

It's a MrRee to me exactly where this poster lives, but I guess that it is considerably closer to LaLaLand thanEngland.