Ooh buyers are coming back

dolce_vita

kittie wrote: »

just had another phone call from dd. Yet another viewing this weekend ie 2 will be viewing in 1 day. Again someone who has sold and is relocating. Looks as though the EA will be able to play one off against the other as the 4 bed house is under 300k and in a lovely quiet residential area in the catchment of a top school. It has a village hall, bus. pub, green, childrens playground and no yobs

I hope all goes well for all parties - buyers and sellers.

good luck

WTF?_2

m00m00 wrote: »

the OP does sort of have a point, but is missing the main issue.


good properties in good areas close to good schools will always do RELATIVELY better than an average property. The key issue being the relativity, just because a property may decline less in a general slump, doesn't mean it won't decline at all, no matter how desirable an area it is in.

Side note: That's why when you're buying a house you should always go for the 'best' property you can find rather than one which seemingly offers the best prospect of a speculative profit.

The worst house in the best area is a better idea than the best house in a rubbish area - You can always do it up as you can afford but you can't remedy the problems inherent in a poor area yourself.

Houses with gardens are always a better idea than flats. Flats have very little appeal to families but houses have appeal to everyone.

In the event of a declining market, the above properties will fare better than the 'excellent investment' opportunity presented by a 1-bed flat in an 'improving' area.....

dannyboycey

kittie wrote: »

Mark my words, there will be a real scramble for houses soon

If I were a betting man and this was a game of poker, I would go ALL IN against you!!

Thanks for the laugh anyway.

Mrs_Thrify

Yep, can agree with poster :j . No viewings since October :eek: .
Now have had a call from EA. for a viewing tomorrow
We will see, maybe 2008 will see a lot of changes? new home, new job, etc..
Best Wishes... Julie

pamaris

I hope that the OP will keep us updated on this and follow up when the house sale actually completes. There is still a lot of uncertainty as far as mortgages and financing goes.

Romani_Ite_Domum

I wish my buyer would come back.

Hello, wake up, listen to your phone messages, read your mail. If you are our there please get in touch.

Call me today, if it's only to say that your leaving me.

Austin_Allegro

kittie wrote: »

Mark my words, there will be a real scramble for houses soon, maybe started by people who have to re-locate and want to get their children into good local schools as soon as possible

Let's hope there's a 'real scramble' to drop the asking prices then, otherwise how are the buyers going to afford them?

Or have Northern Rock introduced 20x salary 150% mortgages...? :rolleyes:

Melissa177

PasturesNew wrote: »

That's what they said 6 months ago.
Now look at it: http://www.propertysnake.co.uk/site/postcode/sw3

But that is "cheaper than the original asking price", not "cheaper than a year ago".

I find this site to be a not bad indicator, it's based on selling price rather than asking price:

http://upmystreet.com/property-prices/trends/l/sw3.html

Incidentally, other parts of London are looking like this:

http://upmystreet.com/property-prices/trends/l/sw11.html

http://upmystreet.com/property-prices/trends/l/e14.html

http://upmystreet.com/property-prices/trends/l/se16.html

SquatNow

Inflation is skyrocketing at the moment.

The 0.25% drop in interest rates and the promise of 2 more was just to get people to go out and spend over christmas.

Interest rates will go back up again by 0.25% in February.

Then up again in March to 6%.

Inflation wont get us out of this mess, it will just make imports more expensive, and we rely on imports for everything.

RPI ( a fairer measure of inflation than the fiddled CPI figures) is at 4.1%
Hand's up if your wages rose by 4.1% or more last year. Anyone without their hand up effectively took a wage cut.

m00m00

4.1% looks like it won't cut it any more

http://news.bbc.co.uk/1/hi/business/7171345.stm