Is it too late to sell a house in Northern Ireland???

leftieM

It does seem to take time for this whole situation to sink in. We had the end of the boom at Easter 2007, when transaction levels declined, although prices continued to rise for another quarter (due to people bidding for one house when there were 3 others with no offers on them). So we're a good 18 months into the bust. It's early days really. Housing busts tend to be prolonged.

thriftyminx13

They got them agreed in principle from Bank of ireland and Northern Bank.
One is a teacher and other works in NICS also. Not sure who the others got theirs with. It's worth phoning.

It also depends what are you are looking at and what your budget is. Houses around the 100k mark especially in Belfast are always going to have a market.

Do whatever you feel comfortable with. When I bought my place I just couldn't bear renting anymore and it was practical for me to move home. I don't regret it. Do what you want. If you want to wait another year in the hope that houses will come down, do that. but also remember a lot of people no matter how low the markets goes won't sell at ridiculously low prices if there is no urgency.

manalive_2

thriftyminx13 wrote: »

Thanks for the list of areas, do you know what dunraven is like?

I think you probably need to check out any particular street with care if you don't know the area. East Belfast is generally quiet but like any area some streets are better than others. If it were me I would be looking in a street that is predominantly owner occupied. I'm not sure what Dunraven is like in this regard but I would certainly be asking these type of questions to the current owner:

- Who are the neighbours ?
- How long have you lived here ?
- Why are you moving ?

I would also maybe check out the street at night time and weekends. In the end you can only really go with gut instinct on these things. When buying a house I would say that who is living next door becomes a hugely bigger concern than when renting.

thriftyminx13

manalive wrote: »

I think you probably need to check out any particular street with care if you don't know the area. East Belfast is generally quiet but like any area some streets are better than others. If it were me I would be looking in a street that is predominantly owner occupied. I'm not sure what Dunraven is like in this regard but I would certainly be asking these type of questions to the current owner:

- Who are the neighbours ?
- How long have you lived here ?
- Why are you moving ?

I would also maybe check out the street at night time and weekends. In the end you can only really go with gut instinct on these things. When buying a house I would say that who is living next door becomes a hugely bigger concern than when renting.

Thanks I'll pass that information on to my friend. she also mentioned Soudan street. Any information out there? Property is very cheap, which always makes me worry

wifeforlife

I'm definately not rushing into anything! Giving it another year anyway

Cate

tara747

thriftyminx13 wrote: »

They got them agreed in principle from Bank of ireland and Northern Bank.
One is a teacher and other works in NICS also. Not sure who the others got theirs with. It's worth phoning.

It also depends what are you are looking at and what your budget is. Houses around the 100k mark especially in Belfast are always going to have a market.

Do whatever you feel comfortable with. When I bought my place I just couldn't bear renting anymore and it was practical for me to move home. I don't regret it. Do what you want. If you want to wait another year in the hope that houses will come down, do that. but also remember a lot of people no matter how low the markets goes won't sell at ridiculously low prices if there is no urgency.

Er, there are an awful lot of houses for sale at the moment though.

tara747

thriftyminx13 wrote: »

Thanks I'll pass that information on to my friend. she also mentioned Soudan street. Any information out there? Property is very cheap, which always makes me worry

??? What do you mean?

thriftyminx13

tara747 wrote: »

Er, there are an awful lot of houses for sale at the moment though.

Yes I do realise this but how many of them have reduced their prices.........to a realistic amount.

thriftyminx13

tara747 wrote: »

??? What do you mean?

i mean it's very cheap.

tara747

thriftyminx13 wrote: »

Yes I do realise this but how many of them have reduced their prices.........to a realistic amount.

The ones who do reduce to a realistic price are the only ones who have any hope of selling...