Back-to-back start home not selling - advice?

silvercar

If it is debatable that now is not the right time to be buying a house, now is definitely not the right time to be starting an estate agency.

Seymie

silvercar, with respect the market here is not affected in the way it is in the south,same as it was not not affected in the negative equity period of the early 90s in the south.

The market here is still very good particularly low to mid where most properties are on the market at offers over.

I do however appreciate your advice...I am a very determind and thrive on a challenge even at the age of 48, and who knows i may look for more advice when i am up and running..

geoffky

you will not last six months to a year and glasgow is falling and fast,check your postcode in propertysnake and then come back here and tell me its not falling. the "penthouse" crap is falling the fastest...wake up and smell the coffee.there again some people just wont learn by other peoples mistakes..

geoffky

just found this hey

[SIZE=-1]In Glasgow, price increases were the lowest in the country,


http://news.bbc.co.uk/1/hi/scotland/7097351.stm

i think you have been misled
[/SIZE]

dolce_vita

Seymie wrote: »

............PS..I am just about to open my own EA in North Glasgow....:D

will you be opening on a Sunday to cope with all the demand?

geoffky

Confidence in housing market plummets

By Delphine Strauss and Norma Cohen

Published: January 16 2008 00:35 | Last updated: January 16 2008 00:35

Confidence in the UK property market has hit its lowest level since the housing crash of the early 1990s, according to an authoritative survey of estate agents that shows even the rampant London market is in difficulty.

The Royal Institution of Chartered Surveyors (Rics) reveals on Wednesday that 49.1 per cent more surveyors reported a fall in house prices in December than the proportion reporting a rise, the gloomiest figure since November 1992.

New instructions to sell property rose in December for the first time in six months, according to the survey, suggesting some homeowners are keen to sell before the market worsens.

The sharpest increases in new instructions were in the North and London. Rics said this was “not ... a complete surprise, given the exposure of its economy to financial services”.

The survey has proved a reliable early guide to movements in the housing market in recent years. Economists will pay close attention to evidence that market conditions are now at their loosest since August 2005, after a third monthly jump in the stock of unsold property, now up 18.3 per cent from a year earlier.

Surveyors expect price falls in all UK regions during the next three months.

Simon Rubinsohn, chief economist at Rics, took some consolation from a slowing pace of decline in new buyer enquiries and said the market had been even looser in 2005 without prices falling on an annual basis.

However, most surveys have reported price falls in recent months and economists have been surprised at the speed of the slump in sentiment.

It also emerged on Tuesday that the UK’s commercial property market recorded its worst one-month performance on record, surpassing even the steep declines of the early 1990s.

Data from Investment Property Databank showed total returns fell by 3.7 per cent in December, month on month, marginally more than November’s steep decline and more than in any month since the IPD index was formed in 1986.

Ian Cullen, co-founding director at IPD, said: “The staggering feature of this year’s headline result is the pace of the market reversal it reflects.” As of May, commercial property was showing 12-month total returns “in the mid teens” while total returns for the 12 months through December are minus 5.47 per cent.

Copyright The Financial Times Limited 2008

jonewer

Seymie wrote: »

Glasgow is a great place to live and there are plenty of jobs...Defo no HPC here....

PS..I am just about to open my own EA in North Glasgow....:D

:rotfl: :rotfl: :rotfl:

:rotfl::rotfl::rotfl:

brit1234

Sentiment in Scotland will change as the English, Welsh and Northern Irish markets. The market is on a downward spiral and Scotland will follow. There is no tangible reason why these prices are so high other than pure speculation.

Frances63

wiggy001 wrote: »

To be fair, I've always seen this as an alternative to a flat rather than a small house, but with the advantage of a garden, parking directly to the front, extra storage space (eg loft) and of course the freehold and lack of maintenance etc.

Hi Wiggy - this is your selling point! .....FREEHOLD

You really need to emphasize this.

When I bought my house in Twickenham I was actually only looking at flats because thats what I could afford. I was put off time and again by grotty communal areas, extortionate maintenance charges (where clearly very litttle maintenance was going on) and too short leases. All of these things are major headaches, not to mention living in too close proximity to a high turnover of neighbours at the bottom of the housing ladder.

As a single girl, I have to admit I worried I might be sharing the stairs with a bunch of Hells Angels or something. There's a lot to be said for having your own front door!

Ask your agent to market it to people looking for a flat.

My freehold house is on a corner of two roads and is effectively a back-to back though it wasn't built as such (one house converted vertically into two freehold houses).

For little more money than a flat with the same square footage, I got a freehold house. Yes its a pain not having a garden, but I wouldn't have got that in a flat anyway.

Yours has a garden, and if you make more of that you will delight someone who thought they couldn't afford a house.

Seymie

jonwere....:rotfl: :rotfl: :rotfl: .....

As far as house prices in the north ....still 0.6% up not down 15/20% below like you have...;)

dc... yes i will be open on a sunday all good Estate agents should be available 7 days a week...:D