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Estate Agent told me not to buy for six months

1235

Comments

  • merlinthehappypig
    merlinthehappypig Posts: 1,106 Forumite
    LillyJ wrote: »
    We started looking in Jan/Feb and we haven't moved in yet.

    We started in August last year and haven't got there yet. I've come to the conclusion that it's easier in a rising market. At least HPI will compensate for any mistakes....
  • moanymoany
    moanymoany Posts: 2,877 Forumite
    PasturesNew wrote: »
    No. I just made it all up, to try to sound clever.
    Did I win?

    Yup, but then I'm a woman with little discretion. :p
  • brit1234
    brit1234 Posts: 5,385 Forumite
    LillyJ wrote: »
    In that case there would be no harm in looking would there? If you have no danger of becoming "emotionally attached" and buying on that basis rather than "common sense" then you don't need to worry!

    PS If you really are thinking of buying in 6 months (rather than in a couple of years) then it may be worth starting to look now, as houses are sticking around on the market and it may take time to find your "perfect" house. By that point you could be in a position to beat them down! We started looking in Jan/Feb and we haven't moved in yet.

    I'm waiting far more than 6 months, my aim is to save up a £40k deposit so its going to be at least a year.

    There is no point at all looking now, the property market has a long way to fall yet and is doing that.

    I will be in a far better position to beat them down then rather than by a reduced but still overvalued property. Its a bit of common sense really.

    If everyone waits prices will be far more affordable quicker:beer:
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • manhattan
    manhattan Posts: 1,461 Forumite
    Uniform Washer
    The less people view the better IMO.

    It will bring on the so called Titanic effect quicker!
  • Triker
    Triker Posts: 7,247 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    manhattan wrote: »
    The less people view the better IMO.

    It will bring on the so called Titanic effect quicker!

    What??? Houses are going to be hit by an iceberg???:eek:
    DFW Nerd 267. DEBT FREE 11.06.08
    Stick to It by R.B. Stanfield
    It matters not if you try and fail,     And fail, and try again; But it matters much if you try and fail, And fail to try again.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    My sort of vague plan is to wait until my savings are about £250k, then buy something very very small, fuel efficient and as maintenance-free as possible. With very good transport links ... and never have to work again except for the sheer hell of it.

    :)

    I've worked non stop since I was about 15. It's time I stopped worrying about where I'll end up and what'll become of me!
  • brit1234
    brit1234 Posts: 5,385 Forumite
    manhattan wrote: »
    The less people view the better IMO.

    It will bring on the so called Titanic effect quicker!

    I think we are at the stage that the Titanic has hit the iceberg and is taking on water. They won't be able to stop it sinking now however it remains to be seen how long they can delay it going down.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

    Save our Savers
  • merlinthehappypig
    merlinthehappypig Posts: 1,106 Forumite
    brit1234 wrote: »
    I think we are at the stage that the Titanic has hit the iceberg and is taking on water. They won't be able to stop it sinking now however it remains to be seen how long they can delay it going down.

    We are obviously making offers to the first class passengers then, who expect to be rescued and don't think they have to do anything.......
  • Triker
    Triker Posts: 7,247 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    Loving this Titanic analogy.....when does Celine Dion come into it?:D
    DFW Nerd 267. DEBT FREE 11.06.08
    Stick to It by R.B. Stanfield
    It matters not if you try and fail,     And fail, and try again; But it matters much if you try and fail, And fail to try again.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Triker wrote: »
    Loving this Titanic analogy.....when does Celine Dion come into it?:D
    Sod her. Where's that fit Leo boy?
    Scrummy. I've got time to do him before the ship sinks.
    (Note: I didn't mention anything about going down!)
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