Fearful buyers - what is the source of your fear?

System

lookstraightahead wrote: »

Actually I do think it is a valid question. If people have had their fingers burnt with house ownership for whatever reason, it does make them think twice. There is far too much tactical thinking sometimes on here without looking at life events that can change things completely. I am actually "ready to buy" again with a large deposit/equity. But I don't want to, it doesn't make me feel secure, quite the opposite.

When listings have sat on the market for months or years, I always imagine the same predicament that I would be in if I bought it but then needed to sell, due to some unexpected life event. The thought of having to sell a property but not being able to do so without incurring a substantial loss is a really scary prospect. I've known people in that predicament, and it is something I would like to avoid.

Crashy_Time

lookstraightahead wrote: »

I'm not fearful of buying again I just can't be bothered with unrealistic selling prices (in my opinion). It seems people see their properties as never ending money trees. I've been through a recession and lost a lot of money on a house as it coincided with a marriage break up.

I don't trust estate agents building up vendors' hopes.

Perhaps cynical but bricks and mortar are just that.

Sorry ��

Many realise that isn`t the case any more IMO.

Thrugelmir

Diocletian_II wrote: »

When listings have sat on the market for months or years, I always imagine the same predicament that I would be in if I bought it but then needed to sell, due to some unexpected life event. The thought of having to sell a property but not being able to do so without incurring a substantial loss is a really scary prospect. I've known people in that predicament, and it is something I would like to avoid.

We all get one just one life. Easy to waste it away by doing absolutely nothing. Compared to health issues. Money is just money.

System

Though best not to throw it away on a dodgy property that won't sell, when there are better ways to spend it. No doubt there are plenty of people who will not see buying a dodgy, overpriced and unsellable property as the height of their life's achievement.

System

Crashy_Time wrote: »

Many realise that isn`t the case any more IMO.

True. Many are now realising the dream they were sold of a magic property money tree was false. But many still seem to be in denial about the dying of the light. The collective awaking is slow.

Davesnave

Thrugelmir wrote: »

We all get one just one life. Easy to waste it away by doing absolutely nothing. Compared to health issues. Money is just money.

We saw lots of people 'waiting' over on Debate back in 2008. I often wonder what happened to them, because they're not around now!

The people who acted, like the couple who bought our house, moved on with their lives and did well. Houses in that road are £250k up since they purchased.

We took a hit, but also moved on to eventually get what we wanted, but we couldn't do it now. Too old.

A week's a long time in politics and an economic cycle is too long to wait at certain points in life. "Use it, or lose it," as the ever-young Roger Daltrey says.

System

What's the hurry? It seems to be owners who are the most keen for buyers to be impatient to buy their overpriced offerings. Owning an overpriced substandard property would be a very scary nightmare.

babyblade41

Why don't you take your indecisive views to something more appropriate..like your FB page.

Your constant postings of drivel are really annoying now ...If you have lots of cash as you intimated in your other thread then either buy something or put it away and carry on renting.

Either you're an incessant troll who needs some help with self confidence or you are, as I suspect just an idiot ..Please leave the boards to those with genuine problems who take on board the advice given and not clutter it with pointless crap

System

If you don't like the thread, may I suggest you ignore it. Nobody is forcing you to read or post.

SpiderLegs

FWIW I think you are lovely and I can’t wait to hear more from you

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